9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Kocaer Çelik announces the opening of new distribution channels abroad

Kocaer Çelik is pursuing further growth by expanding its production of finished steels. The company has announced the establishment of new international distribution channels.

Kocaer Çelik announces the opening of new distribution channels abroad

Kocaer Çelik's Vice Chairman of the Board and General Manager, Mehmet Çakmur, recently spoke to Ekonomim, outlining the company's strategic expansion plans. He revealed that Kocaer Çelik currently operates a 20,000-square-meter covered warehouse distribution network in the United Kingdom and Ireland, and that the opening of additional international distribution channels is a primary focus.

Çakmur stated: “We have a distribution network in the UK and Ireland with 20,000 square meters of covered warehouse space. Here, we deliver not only our own products but also various other products tailored to customer demand, reaching the end consumer. We've positioned this investment as a steel market. Opening new distribution channels is among our goals; feasibility studies are ongoing. Türkiye's export markets are quite volatile; therefore, with our warehouses, we aim to be an active player in the domestic market of the countries where we operate. Furthermore, we've established a new company in Türkiye called KCR Foreign Trade. This company will handle the export of not only our own products but also various other materials.”

Çakmur explained that they have increased the capacity of their Steel Service Center from 120,000 to 180,000 tons through new investments, stating: "We are continuously upgrading our machinery. In the coming period, we aim to increase the center's capacity both in Türkiye and in different geographical regions. We have focused on producing project-specific materials instead of standard materials. This positively impacts the added value created. The average export value per kilogram in the sector is around $70/cent. Even with our standard products, this value is higher. In the Steel Service Center, our added value on processed products is significantly higher than the sector average. This is reflected in our export performance. A large portion of our sales are to international markets. For the past six years, we have been the export leader in the Aegean region within our sector. For the past three years, we have also been one of the few companies in the steel sector to achieve organic growth."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now