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MMK-Atakas Commissions EAF Facility
03/11/2011 - MMK-Atakas, a joint venture of OJSC Magnitogorsk Iron & Steel Works (MMK) and Atakas Group, commissioned an electric arc furnace facility at its industrial complex in Iskenderun, Turkey.
MMK-Atakas, a joint venture of OJSC Magnitogorsk Iron & Steel Works (MMK) and Atakas Group, commissioned an electric arc furnace facility at its industrial complex in Iskenderun, Turkey.
Commissioning of the EAF facility reflects completion of construction for the MMK-Atakas metallurgy plant in Iskenderun. The company is planning for production to reach over 800,000 tonnes of steel products as soon as in 2011, and to exceed 2 million tonnes in 2012. The plant’s full annual capacity is 2.3 million tonnes of metal products.
The decision to build the EAF-based plant was made back in May 2007, just months before MMK became the owner of 50% plus one share of MMK Atakas Metalurji Sanayi, Ticaret Ve Liman Isletmeciligi A.S. (MMK-Atakas) in July 2007. The remaining 50% (minus one share) of the company is owned by Atakas Group, Turkey.
The plant presently comprises a cold rolling mill, and galvanizing and color coating lines, as well as two service centers in Iskenderun and Istanbul. The centers are designed to cut and slit coils and sheets and package the products. A sea port capable of catering ships of up to 100,000 dwt was built next to the production site in order to supply raw and input materials to the Iskenderun plant and ship MMK-Atakas products to customers.
The total investments in the MMK-Atakas project are estimated at approximately $2.1 billion. The project is financed by the shareholders’ funds as well as borrowed capital. The key equipment supplier for the project is Danieli.
“MMK-Atakas will solve the problem of flat rolled products shortage on the Turkish domestic market,” said Victor Rashnikov, MMK Chairman of the Board. Rashnikov also said he was “convinced that MMK-Atakas will considerably contribute to further strengthening economic and business contacts between Russia and Turkey.”
Recep Atakas, Chairman of the Board of Atakas Group, emphasized that “Metal consumption market in Turkey, developing quite dynamically in the recent years, really needed such a manufacturer as MMK-Atakas.”
Open Joint Stock Company MMKis among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher value added products. MMK realizes MMK-Atakas project in Turkey with annual capacity of 2.3 million tonnes of flat steel. In 2010, the MMK Group produced 11.4 million tons of crude steel and 10.4 million tons of commercial steel products.In 2010 the MMK Group produced 11.4 million tons of crude steel and 10.4 million tons of commercial steel products.
Atakas Group owns and operates sieving and packing facilities with an annual capacity of 2 million tonnes located in Iskenderun, Marmara, and Black Sea regions. The Group also owns two factories for production of pressed coals with an annual production capacity of 500,000 tonnes located in Payas Organized Industrial Zone and Gebze Organized Industrial Zone.
