Turkey’s Çemtaş commissions new stabilizer bar line

Thursday, 23 September 2021 10:20:44 (GMT+3)   |   Istanbul

Bursa-based Turkish steelmaker Çemtaş has announced that the trial production at its new stabilizer bar production line for supplying to commercial vehicle manufacturer MAN has been completed and the line has been commissioned.

Çemtaş has an annual production capacity of 193,204 mt at its meltshop and 207,360 mt at its rolling mill, while it has an annual stabilizer bar production capacity of 4,547 mt, as SteelOrbis previously reported.

The company also applied to the Ministry of Industry and Technology to extend the term of the Investment Incentive Certificate, in which the stabilizer bar production line investment was made and the total fixed investment amount was TRY 78.5 million, until September 21, 2025.

Most Recent Related Articles

Turkey’s IDC receives loan of $75 million for melting shop investment

Automotive sales in Turkey up 13.1 percent in January-September

TUIK: Turkey’s steel import value up 89.5 percent in January-August

TUIK: Turkey’s steel export value up 84.9 percent in January-August

Turkey’s Kardemir issues planned sales volumes for October-December