Saritas Celik Sanayi ve Ticaret A.S. has recently celebrated its 50th birthday. The largest stainless steel service center of Turkey, East Europe and Middle East has started a new major investment project in Gebze Industrial Zone near Istanbul in memory of the company’s special year. The objective of the company is to keep permanent leadership in the region and to become one of the largest stainless steel service and distribution centers worldwide. The new investment is located in the most advanced and prestigious industrial zone in Gebze on a 160,000sq/m property. The groundbreaking ceremony took place with a high level of participation on 15 January 2009. The new investment will consist of a high capacity stocking system with high stock level in a wide range of stainless grades including duplex series and new processing lines with latest technology and maximum capabilities. The project will cost around USD 120 million and this amount may increase in case of further expansion. Investment will be carried on during 2009 till 2011. Current facilities will also be kept in process.
