ArcelorMittal expands in Turkey
On September 10 2007, ArcelorMittal announced the proposed acquisition of 51% of the shares of the main Turkish steel stockholding company Rozak. The transaction is subject to antitrust authorities’ approval, and is expected to be completed by year-end 2007.
For Gonzalo Urquijo, member of the ArcelorMittal Group Management Board and in charge of Steel Solutions & Services, this acquisition is an important step for ArcelorMittal to meet the strong Turkish demand in all products, Turkey being one of the fastest growing steel markets. According to Urquijo, the construction sector in Turkey is very dynamic and the acquisition of this stake in Rozak will allow ArcelorMittal’s steel distribution business in this country to reach its capacity target in 2010.
Rozak is specialized in H-profiles, sheet and plates. In 2006, it shipped 450 000 tons and its turnover reached 260 million euros. ArcelorMittal is already the major supplier of Rozak. The company was created in 1983 and employs a hundred people in five sites in Turkey: Gebze, Ikitelli, Eregli, Iskenderum and Izmit, two of which are currently expanding.
ArcelorMittal is already active in Turkey in flat carbon steel production, through participation in Borçelik, as well as in the packaging and steel service centre businesses.
2 comments
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August 18th, 2010 by Mr.Reza
hi,we have big factory in Iran and producting air&oil filter for cars,i need this steel :
Item:
Cold Rolled Steel in Coil
JIS G3141 SPCE-SD, Oiled
Deep drawing Quality for Filter
Width Tolerance +5/-0 mmSize : 0.50 x 1060 x Coil
Quantity : 50 MT
Payment : L/C or T/T ?
When Shipment : ?I wait your reply.
please contact me by email.
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August 19th, 2010 by Team Web TV
Hi, you will be contacted by email with regards to your request. For any other steel requests, please visit the Products and Services section of our corporate site: http://www.arcelormittal.com/index.php?lang=en&page=429
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