10,208.65 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
34.70 EUR EUR EUR
32.31 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.27 TRY Interest Interest
83.94 USD Fossil Oil Fossil Oil
26.74 USD Silver Silver
4.50 USD Copper Copper
117.55 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,402.11 TRY Gold (gr) Gold (gr)

Kocaer Çelik has become the export champion for 6 years in a row

Kocaer Çelik, the iron and steel jewel of Türkiye, became the sector champion in the Aegean Region again this year.

Kocaer Çelik has become the export champion for 6 years in a row

Kocaer Çelik exports a total of 140 countries in six continents. At the Aegean Exporters' Association's Stars of Export Award Ceremony, Kocaer Çelik was awarded as the champion of the Aegean Region again with an export amount of 316,554,244 dollars.

Kocaer Çelik, which is the 87th leading industrial company and the 50th biggest exporter of the Turkish iron and steel industry, is proud to be the export champion for the 6th time in a row. Kocaer Çelik Chairman of the Board of Directors Hakan Kocaer stated that they will continue to increase their contribution to the Aegean Region and our country with their investments and value-added products.

Hakan Kocaer stated that there was a global contraction in the iron and steel industry in 2023, and also provided the current data recorded both on a worldwide and company basis. He also did not ignore the achievements of Kocaer Çelik.

"WE TARGET TO BE NEUTRAL IN CARBON AND BECOME ENERGY INDEPENDENT"

The company has identified the renewable energy sector as a strategic growth area, which is of great importance for the company. Hakan Kocaer explained about renewable energy: "With our Kocaer Energy subsidiary, we have decided to start drilling for a 24 MW Geothermal Power Plant (GPP) in Aydın Kuyucak, which is the equivalent of approximately 120 MW of solar energy. We plan to realize a GES investment for the power plant's own internal consumption along with the GPP in the 1st phase of this investment. Through our rooftop SPPs, which meet 33% of your energy consumption, and approximately 20% of the energy we will obtain from the 24 MW GPP, we are aiming to meet all of our current electricity needs from renewable energy that we produce ourselves. In addition, we aim to reach a structure that realizes the sales of the remaining 80% of our clean energy generation capacity. After the investments we will realize with renewable and clean resources, we want to be carbon neutral and become energy independent, providing a significant advantage in international competitiveness."

"OUR AIM IS TO INCREASE OUR GLOBAL COMPETITIVENESS AND EXPORTS"

Expressing that they use their solutions and strategies in favor of high value-added new product investments and renewable energy investments, Kocaer added: "When we look at Türkiye, Europe and many countries in the world, it is clear that we are one of the rare companies that carry out steel profile production, service center, manufacturing operations and galvanized coating processes in an integrated structure. We believe that steel products can only keep up with the developing world by being renewed and transformed in a value-added way. Therefore, in our modern production facilities, with our superior engineering power, we have focused on high value-added products that will enable steel to be used in more diverse and comprehensive areas. As a result of these activities, we increased the share of high value-added products in total sales volume from 33% to 42% in a short period of one year. We continue our revision and capacity increase investments in line with our goal of carrying this ratio even further. Following the completion of our investments in the Aliağa-A2 facility and the integration of new value-added products into the portfolio, we started revision investments in the Aliağa-A1 facility for the production of new value-added products using the latest technology as of January 5, 2024. We are also planning to increase the capacity of our Service Center from 120,000 tons/year to 180,000 tons/year in about 2 months. With the new products we will launch in the coming period, we are planning to further increase our value-added production, global competitiveness and exports."

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

Türkiye's scrap imports down 21.5% in March

Friday, May 3, 2024

Coal India's coal production rises in April

Friday, May 3, 2024

Foreign trade deficit increased by 13.3 percent in April

Friday, May 3, 2024

Swiss Steel will make additions to the board of directors

Friday, May 3, 2024

Jindal Stainless plans to produce stainless steel in Indonesia

Friday, May 3, 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