Ismail Demir stated to the press about Kardemir's strategic plan, investment targets, and production tonnage. Stating that they aim to increase the crude steel production tonnage from 2.5 million tons to 3.5 million tons, Demir acknowledged that the company has investment targets of 1.5 billion dollars in the next 5 years. Stating that Kardemir will ensure sectoral independence with its domestic and national production strategies and will move forward with the vision of becoming a global power, Demir said, "Kardemir aims to lead the change with its operations where environmental social sustainability and stakeholder values are prioritized."
Demir shared their new investment targets, which will reach 1.5 billion dollars in the next 5 years, and stated that they plan to double their value-added steel production. He also stated that they will prepare a logistics master plan to overcome logistical constraints and develop alternative transportation channels. He added that they will focus on renewable energy production in line with their carbon-neutral facility target and that they plan to develop green steel strategies with local and national companies.
Support to the defense industry
Stating that they aim to expand into new markets, Demir said they aim to increase their market share from 9% to 12%.
Demir pointed out that there is a foreign dependency on qualified materials and alloys in the defense industry, and emphasized that Kardemir and its subsidiaries will play an important role in focusing on these areas.
40 million dollars budget for environmental investments
Pointing out that they will act in accordance with the EU's carbon regulation at the border, Demir continued his words as follows:
"Based on the principle of a healthy environment and efficient production, our company accepts being environmentally sensitive in its production and investment activities as a basic principle. At this point, our company has spent approximately 160 million dollars from 2006 until the end of 2023. For 2024, a budget of approximately 40 million dollars has been allocated for our environmental investments. Our environmental investments will continue to increase rapidly in the coming years."
Pointing out that they aim to develop green steel technology by meeting with domestic and national companies on a common ground, Demir underlined that they aim to reduce carbon emissions by 15 percent by 2030 and become a carbon-neutral facility by 2053.
Energy investments will be made
Stating that various energy investments, especially solar energy, are ongoing, Demir said, "In the first plan, we aim to produce 250 megawatts of renewable energy by the end of 2026." Demir said that solar energy investments will start from scratch and the company can become a player in solar, wind, and geothermal energy. Pointing out that KARDEMİR directs a budget of approximately 10 million dollars to R&D, Demir also stated that there are initiatives to become a special industrial zone.
Pointing out that partnerships that will create synergy in both port and railway operations will be their priorities, Demir said, "We have applied for special support projects of our government on efficient production techniques, alternative energy, and green steel production, and we will continue to do so in various fields."
"The support given by our President to Kardemir plays a critical role"
Demir stated that the support given by President Recep Tayyip Erdoğan to Kardemir within the framework of growth strategies has a very valuable place and said, "The value given by our President to Kardemir has a critical role in terms of the industrial and economic development of our country. This support not only contributes to the further development of Türkiye's industrial potential by increasing Kardemir's competitiveness in the national and international arena beyond being an industrial organization but also helps to maintain our strategic goals such as promoting domestic production and increasing employment and our country's important position in the industry."
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