Turkish Steelmaker Tosyali Holding's Ambitious Global Expansion Plans
Key Ideas
  • Tosyali Holding plans to invest $1.5-2 billion annually in global expansion, focusing on Africa, Saudi Arabia, Europe, and America.
  • The company aims to increase steelmaking capacity to 20 million tons in five years and invest in green production, including potential hydrogen deals.
  • Tosyali intends to issue its first green bond within a year to finance green transformation and hydrogen investments, signaling a commitment to sustainability.
  • Fuat Tosyali emphasizes the importance of green steel production for Turkey, aligning with the European Green Deal for economic and industrial advancement.
Turkish steelmaker Tosyali Holding has laid out ambitious plans for global expansion, aiming to invest $1.5-2 billion annually in expanding its presence across Africa, Saudi Arabia, Europe, and America. The company, led by Chairman Fouat Tosyali, plans to boost its steelmaking capacity from 14 million to 20 million tons within five years. Positioned for significant growth, Tosyali is looking to engage in potential acquisitions and partnerships while eyeing a rise in the ranks to become one of the world's top iron and steel producers. The company also has its sights set on sustainable practices, with intentions to sign hydrogen deals in Europe and America and prioritize green production. In line with their green initiatives, Tosyali is gearing up to issue its first green bond within a year to fund its green transformation and hydrogen ventures, showcasing a commitment to environmentally friendly practices. Additionally, Fuat Tosyali advocates for Turkey's involvement in green steel production, viewing the European Green Deal as a strategic opportunity to drive economic and industrial growth.
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