Turkey’s steel giant establishes joint venture with US company in metal recycling
ISTANBULTurkey’s Tosyalı Holding has announced that it has established a joint venture with American industrial giant Harsco Corp in metal recycling and slag sales at its steel facilities in the southern province of Osmaniye.
According to a written statement by the company on May 10, Tosyalı and Harsco, quoted in the NYSE, are preparing to contribute to the Turkish industry and economy by recycling the inactive slag which is stored in their iron and steel plants into value added products.
With this agreement with Tosyalı, Harsco has entered the Turkish steel manufacturing sector for the first time, read the statement.
“This agreement supports Tosçelik’s aim to become the first plant in Turkey to create a world class solution for metal recycling and wholesale,” said the company, adding that with its annual manufacturing capacity of over 50 million tons, Turkey is the second largest steel manufacturer in Europe after Germany.
Tosyalı Holding Chair of Fuat Tosyalı said that in addition to the disposal of slag, which is one of the fundamental problems of Turkish steel industry, they aim to benefit from American company’s experience of over 100 years for recycling this waste to be used again in the Turkish economy.
“With the success of this plant in Osmaniye, which will be an example project, we will continue to work with our partner to increase the number of slag disposal plants in other parts of our country,” Tosyalı added.
In addition, slag storage requirements will be minimized by recycling 1.2 million tons of slag annually, and by metal recycling and using aggregates as raw materials in road construction, cement and fertilizer production, said Tosyalı.
Being among the largest iron and steel industry suppliers with its experience of a century, Harsco Corp offers services as technology partner for a cleaner and productive metal manufacturing, according to the company’s release.
The company, which offers effective solutions to turn production waste streams into useful commercial use, currently operates in more than 30 countries.