The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

Turkish firm Kocaer Celik becomes approved steel supplier for NEOM project

Kocaer Celik has announced its approval as a registered supplier for the Saudi Arabian Public Investment Fund (PIF)'s USD 500 bln NEOM project.  The company anticipates a significant boost in sales to the MENA (Middle East-North Africa) region, constituting 19pct of their international sales in 2022, through their involvement in this project.

Operating in the steel profile segment of the iron and steel industry, Kocaer Steel has been the export champion in the iron and steel sector in the Aegean Region for the last 5 years, with sales revenue exceeding 550 million US Dollars and exports of nearly 400 million US Dollars. In 2022, it ranked 87th in the Istanbul Chamber of Industry's "Turkey's Top 500 Industrial Companies" private sector ranking and 50th in the Turkish Exporters' Assembly's "Top 1000 Exporters" survey for goods exports.

Furthermore, Kocaer Steel owns a 9.2 MW capacity Roof-Top Solar Energy (SPP) facility, which covers approximately 33% of its electricity consumption. This renewable energy infrastructure enables the company to prioritize renewable energy investments in line with its green energy, sustainable production, and consumption strategy.

Read the full story at Steel Mills Of the World

Kocaer Steel website

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