Tosyali Holding's Ambitious $2 Billion Global Expansion Drive
Key Ideas
- Tosyali Holding plans to invest $1.5-2.0 billion annually for global expansion, including Africa, Saudi Arabia, Europe, and the Americas.
- The company aims to increase its liquid steel production capacity from 14 million to 20 million metric tons in five years, focusing on green production and potential hydrogen deals.
- Tosyali is close to announcing a steel mill investment in an African country, plans to invest $5 billion in a Saudi steel mill, and aims to issue a green bond for financing its green transformation and hydrogen investments.
- In addition to its steel business, Tosyali's defense industry subsidiary BMC is investing in a tank factory, with production expected to start by next year.
Tosyali Holding, a prominent Turkish steelmaker, is embarking on an ambitious global expansion drive with annual investments of $1.5-2.0 billion. The company, which is set to achieve a turnover of $10 billion this year, plans to boost its liquid steel production capacity to 20 million metric tons from the current 14 million over the next five years. This expansion will involve investments in Africa, Saudi Arabia, Europe, and the Americas, along with potential acquisitions and partnerships. They are also focusing on green production and exploring opportunities in hydrogen, particularly in Europe and the Americas. Tosyali aims to issue its first green bond within a year to finance its green initiatives and hydrogen projects. Additionally, the company's defense industry subsidiary BMC, in partnership with QAFIC, is venturing into tank production. Overall, Tosyali Holding's strategic investments and growth plans position it as a key player in the global steel industry.
Topics
Investing
Steel Industry
Partnerships
Investment Opportunities
Global Expansion
Acquisitions
Green Production
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