Turkish, Russian Companies To Set Up Giant Iron & Steel Factory In Hatay

DORTYOL - Turkey's Atakas Group and Russia's largest iron and steel maker MMK (Magnitogorsk Iron&Steel Works) will jointly set up a factory in Dortyol town of southeastern province of Hatay.
Atakas and MMK will organize a groundbreaking ceremony on March 15th in Dortyol. The factory will be the largest investment in Turkey's iron & steel industry at one time.
The new factory will specialize in production and processing of hot and cold-rolled sheet as well as galvanized and color-coated rolled steel products.
MMK is ranked the 20th among the world's largest steel producers with 6.4 billion USD of net revenue in 2006.
(TÇ-MS)