Turkey’s Koc Group has joined the shareholder base of Swedish green steel producer Stegra as part of a new capital increase aimed at financing construction of the company’s hydrogen-based steel plant in Boden, northern Sweden, according to media reports.
Koc Holding and members of the Koc family subscribed to about 2pct of newly issued shares in the latest equity round. Stegra issued 850 mln new shares, increasing its total share count by roughly 23pct, the reports said.
The investment in Stegra aligns with the group’s strategy to support the decarbonization of its industrial ecosystem, particularly its automotive and consumer durables operations.
The investment forms part of Stegra’s ongoing efforts to secure funding for its large-scale green steel project. The company has previously indicated that additional financing would be required to complete construction of the plant, which is expected to begin production in the second half of 2026.
Stegra is developing one of Europe’s flagship low-carbon steel projects. The facility will include a direct reduction plant, hydrogen electrolyzers, two electric arc furnaces, and downstream rolling and finishing facilities. Initial production capacity is planned at around 2.5 mln tons per year, with potential expansion to 5 mln tons annually in a later phase.
Koc Holding is Turkey’s largest investment holding company, with core businesses spanning energy, automotive, consumer durables, and finance. The company’s key subsidiaries include Ford Otosan, Tofas, and Arcelik, major exporters to the European market.
