10,487.25 TRY BIST 100 BIST 100
5.68 CNY CNY CNY
46.89 EUR EUR EUR
40.57 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
40.59 TRY Interest Interest
72.58 USD Fossil Oil Fossil Oil
49.86 USD Silver Silver
5.65 USD Copper Copper
102.81 USD Iron Ore Iron Ore
327.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,342.78 TRY Gold (gr) Gold (gr)

Investment in stainless steel integrated production facility by Sarıtaş Çelik Sanayi ve Ticaret AŞ

Sarıtaş Çelik Chairman of the Board Ercüment Sarıtaş stated: "With the investment, we will manage the entire chain from melting to the final product within our structure and meet the needs of both the domestic market and exports with domestic resources."

Investment in stainless steel integrated production facility by Sarıtaş Çelik Sanayi ve Ticaret AŞ

Sarıtaş Çelik Sanayi ve Ticaret AŞ started to invest in a domestic and national integrated production facility with an annual capacity of 800 thousand tons in Yalova Machinery Specialized Organized Industrial Zone (OSB).

According to a statement made by the company, Sarıtaş Çelik Sanayi ve Ticaret AŞ aims to increase Türkiye's export potential with the integrated stainless steel production facility in Yalova.

The company will realize the investment process in four phases. The cold rolling facilities to be established within the scope of the first two phases of the investment are planned to be commissioned in 2027. In this context, the company will provide additional employment for 500 people with an annual production capacity of 400 thousand tons.

With the third stage hot rolling facility, which is planned to start operations in 2028, total production is expected to reach 800 thousand tons and employment is expected to reach 700 people.

The company will gather all production processes (melt-to-finish) under a single roof with the steel melting plant to be commissioned by 2030. Thus, the fully integrated facility structure that directly employs 1200 people will be completed.
On the other hand, the engineering planning of the investment is being carried out in line with sustainability principles.

The facilities will include highly energy efficient equipment, process automation systems, digital traceability solutions and waste recycling infrastructures. Thus, the company aims to set an example for the sector in terms of environmental responsibility as well as production performance.

The company's existing processing center, which currently operates in the Gebze Organized Industrial Zone with a staff of 350 people and has an annual processing capacity of 750 thousand tons, will operate simultaneously with the new integrated facility.

By continuing its value-added services such as slitting, cut-to-length, grinding, painting, special surface treatments and anti-fingerprint coating, the company will continue to offer flexible and high-quality solutions to industry.

- 'The way to industrial sovereignty is through integrated structures'

Ercüment Sarıtaş, Chairman of the Board of Sarıtaş Steel, noted that the investment is a strong step towards Türkiye's industrial independence and stated:

"This integrated facility investment we have initiated in Yalova OSB is not only a capacity increase, but also a step to increase Türkiye's domestic and national production power in stainless steel, reduce its foreign dependency and strengthen its high value-added industrial model. With this investment, we will manage the entire chain from melting to the final product within our organization and meet the needs of both the domestic market and exports with domestic resources. The way to industrial sovereignty is through integrated structures that can process their own raw materials. We are moving forward with this vision."

Sarıtaş explained that they have believed in the industry in the country for 65 years, that they have been defending the transformative power of production, and pointed out that they are a brand that exports to 74 countries.

Stating that with this investment they have not only increased their production power but also Türkiye's global reputation, Sarıtaş added, "Sarıtaş is not only a manufacturer, but also a structure that offers solution partnership to the industry, especially in sectors such as white goods, automotive, food, machinery manufacturing, energy, chemistry, defense industry, shipbuilding and construction. We are walking into the future with production, investment and cooperation."

AA

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

US-China trade talks have ended

Wednesday, July 30, 2025

Acerinox increased its revenue in the first half despite the tough market conditions

Tuesday, July 29, 2025

EUROFER and EUROMETAL call for urgent action to protect the European steel value chain

Tuesday, July 29, 2025

Sales in Türkiye's white goods sector have decreased

Tuesday, July 29, 2025

ArcelorMittal Kryvyi Rih CEO Longobardo: “We are currently facing serious challenges in terms of competitiveness.”

Tuesday, July 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now