Tosyali Studying Feasibility of Expanding Footprints in Algeria

Dzair Daily reported that Turkish steel maker Tosyali Holding’s Tosyali Algerie, a subsidiary of one of, planned to construct a new plant in Bethioua in Algeria to process iron ore from the Gara-Djebilet mine. Tosyali Chairman Mr Fouad Tosyali spoke with Algeria’s Minister of Energy & Mines Mohamed Arkab to discuss the possible investment opportunities in this direction. He indicated that a technical-commercial study is being prepared for the realization of an industrial unit.The Gara-Djebilet iron ore mine is one of the largest iron ore mines in the world and is located in Tindouf, in Algeria. It has reserves of 1-3 billion tonnes of iron ore. Also, the full annual production capacity of iron ore could reach 40-50 million tonnes by 2026 after completing the railway.Tosyalı Holding dates back to 1952, when Şerif Tosyalı, the father, began manufacturing hand-work stove-pipes and boiler-buckets with his three sons in a 9-meter-squared shop in İskenderun. In 1988 these three young and hardworking brothers, Fuat, Ayhan and Fatih Tosyalı learned this profession from their father, sweating blood while taming the hammer, and took over the workshop and founded Tosyalı Metal Ticaret. 1993 marked a milestone for the three brothers who followed the same path with their father in trade. Strengthening their presence in the market the same year, the Tosyalı brothers rolled up their sleeves to turn the Tosyalı Demir Çelik Industry Inc.’s investment idea into reality. Building the first factory of the group on the İskenderun Organized Industrial Site took a year and it commenced production in 1994.

Tosyali Studying Feasibility of Expanding Footprints in Algeria

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