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Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel . 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 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 ?skenderun, Hatay Province in southern Turkey.Turkish Armed Forces Pension Fund acquired a 49.29% stake in Erdemir on 4 October 2005 for $2.77 billion in a televised auction. The fund acquired 46.12% from the Turkish Privatization Administration and it was also obliged to purchase an additional 3.17% stake from a Turkish bank. OYAK beat out five other bidders for Erdemir. This included Mittal Steel, Arcelor, Novolipetsk Steel and Severstal, which bid in consortium with the Nurol-Limak-Ozaltin-Alkol Pazarlama joint venture group. The Eregli joint venture group also participated in the auction.See history of Erdemir Group since 1954.
