Harsco Corporation Forms Joint Venture For Metal Recovery and Slag Sales Services in Turkey
May 10 2017 - 1:27PM
Global industrial company Harsco Corporation (NYSE:HSC) and Tosyali
Holding, Turkey's leading flat steel and steel pipe producer,
announced today an exclusive joint venture relationship for metal
recovery services and slag sales at the Toscelik Osmaniye Flat
Steel Production Plant, one of the steelmaking facilities owned and
operated by Tosyalı and the first flat steel production facility
built from the ground up by the Turkish private sector.
The agreement with Tosyali marks Harsco’s first entry into
Turkey’s steelmaking sector and supports the Toscelik plant’s
objectives to be the first mill in Turkey to establish a world
class solution for metal recovery and aggregate sales. Turkey ranks
as the second largest steel maker in Europe after Germany,
producing more than 50 million tons of steel per year.
Fuat Tosyali, Chairman of the Board of Tosyali Holding, said,
"Since slag disposal is one of the main challenges of the Turkish
steel industry, we aim to recycle and recover these slag wastes and
contribute to the Turkish economy by leveraging Harsco’s experience
of more than 100 years. We will achieve this by recovering
metal and minimizing slag storage area needs via the usage of
aggregate as a raw material for sectors such as road construction,
cement and fertilizer production.
“Following the exemplary success of our new facility, we will
continue to work with our partner to increase the number of slag
disposal facilities in other parts of our country,” he
continued. “We anticipate that 1.2 million tons of slag waste
will be handled annually, which will not only contribute to the
economy but also maximize our positive impact to the environment.
As Tosçelik, we are demonstrating our commitment to this
matter with a new eco-friendly project following the solar energy
investment that we plan to put into service in 2017”.
Chris Whistler, Chief Operating Officer of Harsco’s Metals &
Minerals division, said, “We are extremely pleased to partner with
Tosyali Holding to bring our expertise in slag recycling to Turkey.
We look forward to a long and growing relationship across the
Tosyali group as well as with other steelmakers in Turkey as we
develop innovative solutions to convert their slag into valuable
and environmentally-responsive products. Our joint objectives
are fully aligned around long-term value creation and mutual
success.”
About Tosyali HoldingTosyali Holding is
Turkey’s largest steel producer and the second largest in Europe.
Tosyali operates in Turkey, Algeria and Montenegro with 18
facilities and more than 6,000 employees. The company’s rebar
facility was commissioned in 2013 with 1.2 million tons of
production annually, and the second phase of the investment, a wire
rod mill with 600,000 tons of production, began operations in 2015
in Algeria. Tosyalı-Toyo Steel Co., a joint venture with
Japanese Toyo-Kohan, is a cold rolling and coating plant with 1.2
million tons of capacity in Osmaniye. Construction of a
pellet & DRI plant, the third stage investment, called "Mega
Project” based on its capacity of 4 million tons in Algeria, is
ongoing; the plant will begin production in the first half of 2018.
In addition, an iron mill plant, the first phase of the third stage
investment, is planned to come into service by the second half of
2017. It is aimed to produce approximately 2 million tons of
structural iron per year and to increase the total structural iron
production capacity to 3.2 million tons annually.
About Harsco Metals &
Minerals
Harsco’s Metals & Minerals division is the world’s largest
and most comprehensive provider of onsite material processing and
environmental services to the worldwide steel and metals
industries. The division serves as a technology partner to
cleaner, more efficient metal production, providing customers with
effective solutions for converting production waste streams into
beneficial commercial use. Its operations span approximately
140 customer sites across more than 30 countries. Harsco's Metals
& Minerals division began life in the last century by offering
steelmakers a metal recovery service for slag. It then expanded its
offering into onsite logistics to provide customers with
productivity-gaining solutions in raw materials and product
handling. Harsco Metals & Minerals today offers a breadth
of environmental and logistics solutions which is unparalleled in
the industry, with nearly 8,000 employees worldwide.
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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