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CAMP HILL, Pa., May 10, 2017 -- 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 Holding
Tosyali 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 [email protected] Media Contact Kenneth Julian 717.730.3683 [email protected]
