Latest news with #FuatTosyalı
Khaleej Times
18 hours ago
- Business
- Khaleej Times
Tosyalı joins global top 50 steelmakers amid record production growth
Türkiye-based steel producer Tosyalı has joined global top 50 steelmakers across three continents with a liquid steel production capacity of 15 million tons, and around 15,000 employees. With sustainability as a central focus, Tosyalı continues to advance in global steel production through its investments in high value-added, qualified steel. The company's growth is supported by its production complexes in various regions, green steel technologies, ongoing R&D and innovation efforts, solid financial structure, and a highly skilled workforce. Amid challenging global conditions in 2024, a difficult year for steel producers worldwide, Tosyalı recorded a significant rise in the international rankings, marking another notable achievement. According to data published by the World Steel Association, the company produced 9.12 million tons of liquid steel in 2024, climbing 21 spots from the previous year to reach 46th place globally. With a 54.3 per cent increase in production, Tosyalı ranked among the world's three fastest-growing steel producers. It has now become Türkiye's largest steel producer and has further consolidated its position as Europe's third-largest. The company's entry into the world's top 50 steel producers also represents a major milestone for the industry. Fuat Tosyalı, Tosyalı Holding chairman of the board said: 'Our goal is to become one of the world's top 20 steel producers.' Stating that Tosyalı's global success is based on well-planned strategic investments and qualified steel production, Fuat said: "As Tosyalı, we have identified sustainability, efficiency and economies of scale as three important priorities. With this strategy, we continue to grow in a healthy and stable manner with eco-efficiency-oriented investments in Türkiye and in different geographies around the world. We completed Tosyalı Demir Çelik İskenderun Plant, the largest industrial investment of our country in recent years, despite the major earthquake disaster and started the first production in 2023. This plant eliminated Türkiye's four million tons of flat steel imports and started to make a significant contribution to value-added steel exports. We are taking firm steps towards becoming one of the most important and strategic integrated iron and steel production centers not only in the Mediterranean basin and Africa, but also in the world with our fourth phase investments in our five-phase Tosyalı Algérie production complex, which is one of the driving forces of our success as a global steel company to date. We have also initiated investments in Libya as a strategic step in Africa. With our investments in Türkiye, Algeria, Spain and Libya, we are strengthening our position as a global steel producer day by day." "As Tosyalı, our total investment amount in the last five years is over USD 6 billion and the majority of these are sustainability-oriented investments. Our investments in R&D, advanced technology, circular production, and clean energy sources such as solar and hydrogen continue without interruption. At the same time, we are focusing on efficiency, which is also one of the main issues of sustainability, and we tend to produce more by consuming fewer resources. We continue to achieve sustainable growth thanks to our completely independent, yet dynamic and efficient structure that analyses everything from the mine to the final product within the Tosyalı ecosystem. Thus, we continue our rapid yet steady rise in the world rankings. Between 2020 and 2024, we increased our global crude steel production by 110 per cent. Due to this progress, we have entered the world's top 50 companies, becoming Türkiye's largest and Europe's third-largest steel producer. Among the top 50 companies, we are the only one to continuously rise in the global rankings every year. Our steady and sustainable growth continues, and with our production figures, we have taken a very strong step toward moving up to the next league on a global scale. In the next 4–5 years, as our ongoing investments begin production, we will move forward with confidence toward our goal of becoming one of the world's top 20 steel companies,' he said.
Associated Press
30-01-2025
- Business
- Associated Press
Tosyali Launches One of the World's Largest Self-Consumption Solar Power Plant Projects
Tosyalı invests in renewable energy and signed an agreement with GE Vernova and Inogen for the first 120 MWp of Turkey's and the world's one of the largest self-consumption Solar Power Plant (SPP) projects with a total capacity of 1,2 GW. The project will utilize Tosyalı's locally produced N-Type Topcon 725 Wp panels under the Tosyalı V-Solar Brand. Davos, Switzerland--(Newsfile Corp. - January 30, 2025) - As one of the leading global green steel producers, with 15 million tons/year crude steel capacity, Tosyalı continues to expand its efforts to produce its own energy. Tosyalı invests in cutting-edge technology, artificial intelligence, and renewable and clean energy sources, adhering to the principle of eco-efficiency. Caption: Fuat Tosyalı, Chairman of Tosyalı Holding at Davos To view an enhanced version of this graphic, please visit: Through its investments in clean energy sources, specifically focusing on hydrogen and solar energy, Tosyalı is making significant strides toward becoming a fully integrated green steel producer. Previously, Tosyalı achieved a global milestone by reaching 235 MW of installed capacity with its SPP project, which covered all its facilities, making it the holder of the world's largest rooftop solar power installation. Now, Tosyalı is embarking on an even larger project, and the company has signed an agreement with GE Vernova and its regional provider Inogen for the first 120 MWp of the 1,2 GW self-consumption SPP project. The first project is scheduled to become operational in 2025, while the 1,2 GW capacity project is targeted for completion in 2027. Fuat Tosyalı, Chairman of Tosyalı Holding, announced at Davos 2025: 'With this investment, Tosyalı will generate approximately 50% of its self-consumption from solar energy.' During his interview at the World Economic Forum, Fuat Tosyalı highlighted the critical role of renewable and clean energy in industrial facilities, stating, 'We continue to invest in advanced clean energy technologies under our vision of 'Tosyalı for a sustainable life.' As part of this vision, we have taken the first step toward one of the world's largest self-consumption SPP projects with a capacity of 1,2 GW by initiating the first project in Osmaniye. We are happy to collaborate with GE Vernova, one of the world's leading companies in this field, and Inogen, Turkey's leading EPC contractor. We will produce our solar panels in Osmaniye. Starting with the first project, these panels will be deployed across SPP sites in eight provinces. By doing so, we aim to meet approximately 50% of our energy needs from solar energy. This will make us stronger and more independent in energy usage and further strengthen our position among the world's leading green steel producers.' Although various SPP projects have been implemented in Turkey and worldwide, Tosyalı's 1,2 GW project stands out as one of the largest self-consumption-focused projects carried out under a single umbrella. Construction for the first 120 MW project has already begun in Osmaniye. 1,2 GW self-consumption solar project will be implemented in three phases. Ali Murat SOYDAN, Prof. Dr. Chairman of Inogen Group: " We are happy to be involved in this pioneering project of Tosyalı, a symbol of green transformation in the world and our country. When all the Tosyalı projects are completed, we will strengthen our position as the green transformation leader in our country working with GE Vernova. In these projects, which will be carried out in 10 different provinces with more than 2000 employees, we plan to go through an efficient and fast installation process and commission all the power plants as soon as possible, with the support of our global partners.'' Ed Torres, GE Vernova's Power Conversion & Storage Business Leader: 'Along with Inogen, we are proud to support Tosyalı's ambitious goal of developing one of the world's largest self-consumption solar power projects. By supplying our advanced solar technology, providing design and engineering services, and facilitating ECA financing, we aim to help Tosyalı achieve greater energy independence and accelerate the transition toward a more resilient energy future.' Doğukan Ünal
Yahoo
28-01-2025
- Business
- Yahoo
Tosyalı Launches one of the World's Largest Self-Consumption Solar Power Plant Projects
Tosyalı invests in renewable energy and signed an agreement with GE Vernova and Inogen for the first 120 MWp of Turkey's and one of the largest self-consumption Solar Power Plant (SPP) projects with a total capacity of 1,2 GW. The project will utilize Tosyalı's locally produced N-Type Topcon 725 Wp panels under the Tosyalı V-Solar Brand. Fuat Tosyalı, Chairman of Tosyalı Holding DAVOS, Switzerland, Jan. 28, 2025 (GLOBE NEWSWIRE) -- As one of the leading global green steel producers, with 15 million tons/year crude steel capacity, Tosyalı continues to expand its efforts to produce its energy. Tosyalı invests in cutting-edge technology, artificial intelligence, and renewable and clean energy sources, adhering to the principle of eco-efficiency. Tosyalı is making significant strides toward becoming a fully integrated green steel producer. Tosyalı achieved a global milestone by reaching 235 MW of installed capacity with its SPP project, which covered all its facilities, making it the holder of the world's largest rooftop solar power installation. Tosyalı is embarking on an even larger project, and the company has signed an agreement with GE Vernova and its regional provider Inogen for the first 120 MWp of the 1,2 GW self-consumption SPP project. The first project is scheduled to become operational in 2025, while the 1,2 GW capacity project is targeted for completion in 2027. Fuat Tosyalı, Chairman of Tosyalı Holding, announced at Davos 2025: ' During his interview at the World Economic Forum, Fuat Tosyalı highlighted, 'We continue to invest in advanced clean energy technologies under our vision of 'Tosyalı for a sustainable life.' We have taken the first step toward one of the world's largest self-consumption SPP projects with a capacity of 1,2 GW by initiating the first project in Osmaniye. We are happy to collaborate with GE Vernova, one of the world's leading companies in this field, and Inogen, Turkey's leading EPC contractor. These panels will be deployed across SPP sites in eight provinces. By doing so, we aim to meet approximately 50% of our energy needs from solar energy, making us stronger and more independent in energy usage and strengthening our position among the world's leading green steel producers." Tosyalı's 1,2 GW project stands out as one of the largest self-consumption-focused projects carried out under a single umbrella in Turkey and worldwide. Contact: Emre Ersezer eersezer@ Photo accompanying the announcement: in to access your portfolio
