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Yıldızlar Yatırım Holding starts hot steel production with TL 22.5 billion

Yıldızlar Yatırım Holding continues to grow by maintaining its dynamism despite its deep-rooted 133-year history. In addition to its cold rolling mill investments in Kocaeli, the Holding plans to enter hot rolled steel production with an investment of TL 22.5 billion.

Yıldızlar Yatırım Holding starts hot steel production with TL 22.5 billion

At the same time, Yıldız Entegre, the holding's flagship company, is targeting a turnover of TL 35 billion in 2023.

In addition to its success in the forest products sector, Yıldızlar Yatırım Holding also aims to grow in the iron and steel sector. Yıldız Entegre Deputy General Manager for Marketing and Product Development Melike Alkan announced that they will enter hot rolled steel production in addition to their cold rolling investments in Kocaeli.

Stating that they are preparing for a new investment of 22.5 billion liras, Alkan emphasized that Türkiye has a great potential with its strong infrastructure, industry and young population.

"Iron and steel is a high value-added product"

Alkan also stated that the holding is fully family-owned and that they are focusing on the investments made by the company. Stating that hot-rolled steel production is on their agenda, Alkan said, "We are a family that knows heavy industry well."

Alkan said, "We are currently producing cold rolled steel in our facility in Kocaeli. Now we will also start hot steel production. Iron-steel is a high value-added product and we are planning a new investment in this field. The EIA report has been received and we are currently planning the physical actions."

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