10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
34.99 EUR EUR EUR
32.25 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Kardemir starts production of first railway wheel set

An important opening ceremony was held at Kardemir's subsidiary KARDÖKMAK A.Ş. under the chairmanship of Prof Dr İsmail Demir, Chairman of the Board of Directors.

Kardemir starts production of first railway wheel set

Karabük Iron and Steel Factories (KARDEMİR) is starting production at a facility that will manufacture rolling mill rolls, axles, forging shafts and tool steel in various diameters, especially for forging railway axles.

The $5 million forged steel investment made by KARDEMİR's subsidiary Döküm Makina Sanayi ve Ticaret AŞ (KARDÖKMAK) was commissioned with a ceremony.

Following the arrival of all equipment to the plant in March, mechanical installation, mechanical and hot tests were completed and the test processes were finalised.

In the facility, which is planned to manufacture 20 thousand tonnes of forged steel annually, rolling mill rolls of various diameters, axles, forging shafts and tool steel will be manufactured, primarily forging railway axles.

The facility, which will meet the needs of important institutions in Turkey with domestic and national mass production, will serve important sectors such as defence industry, transportation and energy in the industrial ecosystem.

Following the investment that will serve the defence industry and many other fields, especially the railway sector, the production process has started.

"We will serve transportation, energy, aviation and defence"

Speaking at the opening ceremony, Prof. Dr. İsmail Demir, Chairman of the Board of Directors of KARDEMİR, said that the 2500 tonne press will take the first step as a service that forges wheels and axles for railways.

Stating that the press should produce works that can work 24 hours a day without stopping, Demir said, "If the industrial ecosystem of a country, especially the elements that make up the heavy industry, have not developed domestic capabilities and have not implemented their qualified products, it would not be very easy to talk about a national industrial move of the country as a whole. We are taking one of the steps in this direction today within KARDÖKMAK."

Stating that providing added value to Turkey is at the forefront of everything, Demir continued his words as follows:

"Providing added value is also possible by doing value-added works, quality people, quality installations and labour. We sincerely believe that KARDEMİR and KARDÖKMAK will carry out very important and valuable works in the coming months and years. We want to follow a path from ore to jewellery because jewellery means value. Our profiled iron, high-alloy steel and confirmation alloys are all jewels, and let us see this as a step on our journey towards much more qualified products in the future. We will hopefully implement a series of products and services that will serve various sectors, transportation, energy, aviation and defence under this roof. I would like to thank everyone who contributed."

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

Makiivka Steel produced 89,359 tons of finished products in April

Thursday, May 16, 2024

Saudi pipelines secures dual deals with Aramco worth millions

Thursday, May 16, 2024

Major decline in the housing market: Sales are at their lowest point in 3 years

Friday, May 17, 2024

How the CEO of Emirates Steel Arkan is Transforming Leadership

Saturday, May 18, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024
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