TOSYALI BUSINESS PARTNERS MEET IN ALGERIA
At the Tosyalı Algerie plant in Algeria, Tosyalı Holding convened with over one hundred business partners from all over Turkey. "We have been working together for many years; among you are our business partners with whom we have been working together for thirty to forty years," said Fuat Tosyalı, chairman of Tosyalı Holding, during the meeting that followed the facility tour. In my opinion, this is a partnership of destiny as much as of business. We have always acted and will continue to act with the intention of achieving the good and the beautiful, despite the extremely changing and difficult conditions. It's said that people with good intentions have a good fate. We have therefore always had a rapport with you that is based on goodwill.
These days, our industry is all about sustainability and green transformation, so we wanted to showcase the results of the calculated steps that Tosyalı took years ago to bring about this change. We intend to implement a $6 billion investment plan over the next five years. Our primary agenda item for this process will always be sustainability. We are the first Turkish business in the world to invest in hydrogen-powered DRI technology. As a result of the EU Green Deal and the Paris Climate Agreement, a completely new, sustainable steel industry is emerging globally. At Tosyalı, we are leading this green transformation with investments that are shaped by innovation, technology, and research and development.
At the Tosyalı Algerie steel production complex in Oran, Algeria, on June 16–18, 2022, more than a hundred business partners from all over Turkey were hosted by Tosyalı Holding, the world's largest producer of iron and steel in Turkey.
During the meeting, which was attended by Tosyalı Holding's senior management, board members, and chairman of the board Fuat Tosyalı, business partners were informed about Tosyalı Holding's new investments and innovative works and had the chance to exchange ideas on various issues.
70% increase in US dollars, $6 billion in turnover
Speaking at the meeting, Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding, noted that Tosyalı Holding's investments focused on green transformation have significantly contributed to the growth of the iron and steel industry, which has gained tremendous momentum in recent years and is now one of the engine sectors of the Turkish economy. "As Tosyalı Holding, we have been the leader of Anatolia for years," Fuat Tosyalı stated, indicating that the company maintained its rapid growth in 2021. Every one of our businesses keeps moving up the ISO 500. We surpassed our growth goals in terms of tonnage in nearly every domestic market segment in 2021. Over 100 countries are recipients of our exports. We have made preparations to establish a permanent presence in previously unexplored markets. We ended 2021 with a turnover close to USD 6 billion, up more than 70% in dollar terms from the year before, despite the difficult circumstances brought on by the pandemic. Our $2.4 billion in combined exports was our total.
The world's first Turkish company to invest in hydrogen-powered DRI technology
As one of the global leaders in the green revolution, we are firmly stepping into the future with our investments in cutting-edge technology. Green steel production was the focal point of our previous Business Partners meeting. Our purpose in holding this meeting in Algeria is to demonstrate to you in person that this is not merely a topic of discussion but also the driving force behind our actions. One of the best examples of this is Tosyalı Algerie, where we chose to invest in 2007 and are now situated.
We initiated production at Tosyalı Algerie, Turkey's largest industrial investment abroad, by inaugurating the first phase of this $6 billion project, which we planned in 5 phases, in 2013. With 4000 workers, we are currently Algeria's biggest exporter in the sector, excluding the hydrocarbon-based industries. With our fully integrated port, this is the largest iron and steel facility in Africa, spanning 5 million square meters. With an annual capacity of 2.5 million tonnes, Tosyalı Algerie currently has the largest DRI production facilities in the world, as well as the largest DRI-operating arc furnace in the world. With the help of this cutting-edge technology, which we put into service in 2018, we were able to break the global record two years in a row by using a single DRI module to produce 2.22 million tonnes annually in 2020 and 2.3 million tonnes annually in 2021.
We are currently investing in the construction of a flat steel plant with a 4 million tonnes/year capacity that will be built in front of a new DRI plant with a 2.5 million tonnes production capacity. We are putting into practice one of the lowest carbon footprinting best practices in this field found in the global steel industry. Tosyalı will be the first Turkish company in the world to work with hydrogen and have such a technology with this investment, which will also be able to work with hydrogen. After we finish all of our investments in Algeria, Tosyalı Algerie, a fully integrated facility with a capacity of 8.5 million tonnes of flat and long products, will make us one of the most significant and strategic iron and steel production centers in the Mediterranean, Africa, and the world."
Sustainability is top priority, with zero carbon as the ultimate aim.
"Today, we are one of the world's leading green steel producers thanks to our sustainability investments," Fuat Tosyalı said, emphasizing that Tosyalı Holding has been focusing on sustainability for many years and that it will be the main agenda item for the next five years. We apply the circular economy to everything we consider. Nothing is wasted at Tosyalı, especially not air, water, or energy. Through innovation and technology, even the smallest particle of dust is converted into something useful for people, the environment, and society. We can even create the oxygen needed for the nation's healthcare system in our own facilities because of our production capabilities. We helped hospitals here in the United States and in Africa during the Covid-19 pandemic.
On the other hand, we want to minimize our reliance on fossil fuels and exert every effort to meet the zero carbon goal. There aren't many businesses in the world—more than the fingers on one hand—that have actually begun investing in hydrogen production than there are in Turkey. Production of hydrogen has no carbon impact. This is what we are aiming for. The aim of our latest investment in Iskenderun Sariseki is to achieve the lowest carbon footprint possible. It is scheduled to go into operation in the first quarter of 2023. Tosyalı is set to become the first Turkish user of Quantum Furnace technology, which reduces electrical energy consumption, with the Sariseki Facility, where we will employ cutting-edge technologies that will set us apart in the global competition with Industry 4.0 and Internet of Things applications. Two enormous steel mills using quantum technology are part of this investment.
Using the same methodology, we are implementing the largest rooftop solar power plant project in the world through the investments we have started in all of our Turkish facilities. With the implementation of the EU Green Deal and the Paris Climate Agreement, a new, sustainable steel industry is emerging globally. At Tosyalı, we are leading the way in this green transformation with investments shaped by innovation, technology, and research and development."
Meeting of Tosyalı Business Partners in Algeria in 2022
This year's customary annual gathering of business associates who have long been associated with the group companies of Tosyalı Holding took place at the steel production complex of Tosyalı Algérie in Algeria. The management team gave Tosyalı customers a tour of the largest facility in the Mediterranean and Africa and detailed their future plans. The business partners were accommodated at the Tosyalı Algerie complex's social facilities for the three days of the event, where they enjoyed enjoyable activities in addition to productive moments.
