The story
Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel (2020 value). It is the largest iron and steel company in Turkey and was the only flat steel producer till January 2009. It produces plates, hot and cold-rolled sheet and tinplate.
Its main plant is located on an area of approximately 4 km2 (1.5 sq mi) at Karadeniz Eregli, Zonguldak on the shore of the Black Sea. Erdemir operates a large seaport, the Port of Erdemir, to import and export materials.
Erdemir has Port of Erdemir also acquired the steel plant at İskenderun, Hatay Province in southern Turkey.
Turkish Armed Forces Pension Fund (OYAK) acquired a 49.29% stake in Erdemir on 4 October 2005 for $2.77 billion in a televised auction, in which it outbid several major steel companies. The fund acquired 46.12% from the Turkish Privatization Board (OIB) and it was also obliged to purchase an additional 3.17% stake from a Turkish bank.
From Wikipedia’s article on Erdemir, shared under CC BY-SA 4.0.5