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BORUSAN COMPLETES ITS FOUR INVESTMENTS COMMENCED DURING THE CRISIS!

Borusan’s four investments totaling $450 million in logistics, steel and energy sectors were officially opened with a ceremony held with the participation of Prime Minister Recep Tayyip Erdoğan. Prime Minister Erdoğan opened the Borusan Port, Borusan EnBW Enerji Bandırma Wind Power Plant and Borçelik’s 3rd Phase Galvanizing Facility, laying the foundations of Borusan Mannesmann Boru’s new production facilities. 

Having completed three important investments in the logistics, steel and energy sectors, Borusan laid the foundations for a production facility while putting these investments into service with a ceremony attended by Prime Minister Recep Tayyip Erdoğan. The ceremony held at Borusan Gemlik Campus officially launched Borusan Port, which has been renewed with an investment of over $100 million and whose capacity has been doubled, Borusan EnBW Enerji Bandırma Wind Power Plant, worth $120 million, and the 3rd Cold Rolling and 3rd Hot Dipping Galvanization Line, founded with an investment of $140 million and increasing the production capacity of Borçelik by 50%. At the same ceremony, the foundations were laid for the new production facilities of Borusan Mannesmann Boru (BMB), which are expected to cost $90 million. 

These investments, with a total value of $450 million, will create employment for a total of 850 individuals in the Borusan Group. 

It was stated that Borusan, which has entered the energy sector in partnership with EnBW, one of Germany’s leading energy companies, will create 3,000 jobs on these sites within the next two years and will continue new investments in the direction of its 1000MW target. 

Attending the ceremony were Prime Minister Recep Tayyip Erdoğan, Interior Minister Beşir Atalay, State Minister Faruk Çelik, State Minister Selma Aliye Kavaf, Minister of Labor and Social Security Ömer Dinçer, Minister of Transportation Binali Yıldırım, Minister of Industry and Trade Nihat Ergün, Minister of Energy and Natural Resources Taner Yıldız, Borusan Holding Chairman and Honorary President Asım Kocabıyık, Borusan Holding Board of Directors Chairman Ahmet Kocabıyık, Borusan Holding CEO Agah Uğur, EnBW AG CEO Hans-Peter Villis and ArcelorMittal Yassı Çelik Chairman Robrecht Himpe. 

“Neither we, nor our partners, neglected the investments” 

Borusan Holding Board of Directors Chairman Ahmet Kocabıyık said in his speech that neither Borusan nor its partners ever neglected these investment programs, despite the crisis, and continued; 

“Borusan is a group that relies on Turkey’s future and continues to invest even in the most severe crisis conditions. These four important investments, three of which we have opened today, are the most concrete evidence of this reliance. With these investments reaching a total cost of $450 million and creating a total of 850 jobs, we have the opportunity to create more value for the Turkish economy and contribute more to the development of our country. These investments will not only make the Borusan Group more powerful in the logistics, energy and steel sectors, it will provide Turkey with serious power in the areas of employment, industry value added and global competitive.”