Koc Metalurji has placed an order worth USD 3.5 mln for a continuous casting machine to enhance efficiency at its steel facility located in the Osmaniye Organized Industrial Zone.
The contract, signed with China’s Harbin GuangWang Electromechanical Limited, includes a payment structure of 20pct in cash, 70pct via letter of credit, and 10pct upon delivery. Shipment of the equipment is expected within seven months.
According to the company, the investment is designed to expand production capacity, increase turnover, and improve profitability, in line with Koç Metalurji’s IPO fund utilization plan. The new system is expected to reduce production costs, support export growth, and strengthen long-term financial performance through higher operational efficiency.
Koc Metalurji operates steel production facilities in Osmaniye and Payas. The Osmaniye plant has an annual crude steel capacity of 1.2 mln tons, while the Payas facility produces up to 550,000 tons of rebar per year.
