TR Monitor

LINEER METAL EYES TO PREVENT USD 1BN IMPORT

Metal company Lineer Metal, which recently built a zinc smelting plant with a USD 102m investment, aims to meet the zinc and lead demand of the domestic market and alleviate the need for USD 1bn in imports in 2024, according to Fikret Baydarman, Chairman of the Board of Directors of Lineer Group. The firm aims to invest USD 500m in this field by 2024. “Turkey’s annual zinc demand totals 250,000 tons. This figure is fully imported. The cost of this import to the national economy hovers around USD 1bn,” said Baydarman. The firm’s zinc smelting plant, which was built with its Qatari partner Abdulaziz El Atiyye loanfree, will manufacture 90,000 tons in its first stage. Lineer Metal will also complete its lead, silver, and sulfuric acid plants by 2024. “We’ll meet nearly 40% of Turkey’s zinc demand in 2022," said Baydarman. MURAT KUCUK

BUSINESS

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2022-01-17T08:00:00.0000000Z

2022-01-17T08:00:00.0000000Z

https://trmonitor.pressreader.com/article/281646783505233

NASIL BIR EKONOMI MEDYA HABER BASIN A.S. (Turkey)