BORCELIK TO INVEST USD 13M IN NEW PRODUCTS

Borusan Holding and the Luxembourg-based ArcelorMittal’s joint venture, galvanized steel manufacturer Borcelik, has decided to focus its business on the materials segment and will invest USD 13.3m to develop its existing processes, according to Kerem Cakir, General Manager of Borcelik. The company has also concentrated on development of new generation products and transformation into Industry 4.0. “We are making investments in differentiation, not production volume. We are also continuing to develop new production and software technologies at the Borcelik R&D center, launched in 2017,” said Cakir. Borcelik currently has a production capacity of 600,000 tonnes cold rolled sheet and 900,000 tonnes galvanized sheet.