Isdemir aims to improve production facilities
Turkish integrated steel mill Isdemir is planning modernisation at its plants in the near future in order to renovate the facilities and improve the
production technologies. The authorities believe that this will be the way to turn the company to a profitable operation.
The company recorded a loss of $700 million in the last five years. With the new
investments this financial burden is aimed to be overcome.
Basically, a reduction in the workforce is intended. So far $8 million has been spent under the restructuring process and the
investments are expected to reach $60 million by the end of 2003.
The plans include converting the
production from
longs into
flats. The continuous
billet casting facility is planned to be recommence
production within a couple of months.
Isdemir has three blast furnaces, two of which are currently in operation. The third furnace is put on idle in line with the
production scheme and Isdemir believes that total
production of two furnaces has achieved the
production level of three furnaces already. The third blast furnace will be put in maintenance in 2005 and by 2007 all three furnaces are planned to produce at full capacity.