TOSYALI HOLDING DEEPENS ITS COLLABORATION WITH CHINA BAOWU STEEL GROUP, WORLD’S LARGEST STEEL PRODUCER, FOR A STRATEGIC PARTNERSHIP

Tosyalı Holding, Turkey’s global steel producer continues to grow and create value with nearly 40 facilities and approximately 15,000 employees on three continents. After its investments in Algeria, Angola, Senegal, and its joint ventures with American Harsco Corp. and Japanese Toyo Kohan, Tosyalı Holding is now deepening its collaboration with China Baowu Steel Group Corporation, the world’s largest steel producer.

 Strengthening its position in global steel production with its investments in Turkey, Algeria, Senegal and Angola and with its joint ventures with American and Japanese giants, Tosyalı Holding continues to develop collaborations with its stakeholders that shall create value in different geographies.

Tosyalı Holding has recently agreed on a Strategic Partnership with China Baowu Steel Group Corporation, the world’s largest steel company, and took another step towards its sustainable growth.

This collaboration shall lay a good foundation for the future growth and new investments of Tosyalı Holding in the world. This step shall pave the way for the cooperation of the two companies in different markets and shall create further opportunities in Tosyalı’s business layout regions especially in Africa.

Fuat Tosyalı, the Chairman of the Board of Directors of Tosyalı Holding: ‘‘We shall continue our global growth with value-creating collaborations.”

Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding, who recently met with Baowu Group’s President Chen Derong, said: ‘‘While we continue to grow with our sustainability-oriented, advanced technology and high value-added investments in the iron and steel industry, we also continue to expand our partnerships abroad inline with our global growth vision. We prioritize such collaborations for a sustainable growth. In this sense, this strategic partnership with China Baowu Steel Group, with which we have been already working together in different projects for many years, is very valuable for us. As you know, we currently have investments in Algeria, Angola and Senegal, and I believe that with our enhancing cooperation, we shall further increase our investments here and especially in the Gulf region. We shall continue to expand our cooperation in order to achieve the global targets we have set.’‘

Stating that they look forward to expanding their cooperation with Tosyalı Holding and achieving win-win, Baowu Group’s President Chen Derong said, ‘‘We are extremely happy to enter into a deepened cooperation with Tosyalı Holding. I believe that this cooperation shall be very beneficial for both parties.”

Tosyalı Holding has been cooperating with Sinosteel Engineering & Technology Co., Ltd for more than two decades and jointly commissioned the world’s largest DRI module at Tosyalı’s plant in Algeria.

Now, this long-term business relationship shall turn into a strategic partnership. Tosyalı Holding, one of the world’s leading green steel producers, shall further expand its new generation green steel investments by combining its experience in green steel production with the strengths of Baowu Group.