Erdemir
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. is a Turkish steel producer. Erdemir occupies the 43rd place among the largest steel companies in the world and is also involved in coal in Turkey.
History
Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steeIts main plant is located on an area of approximately at Karadeniz Eregli, Zonguldak on the shore of the Black Sea. Erdemir operates a large seaport, the Port of Erdemir, to import and export materials.
Erdemir has Port of Erdemir also acquired the steel plant at İskenderun, Hatay Province in southern Turkey.
Turkish Armed Forces Pension Fund acquired a 49.29% stake in Erdemir on 4 October 2005 for $2.77 billion in a televised auction, in which it outbid several major steel companies. The fund acquired 46.12% from the Turkish Privatization Board and it was also obliged to purchase an additional 3.17% stake from a Turkish bank.