NEWSROOM

The iron and steel industry, which closed 2021 with an export of 22.4 billion dollars with an increase of 77.4%, strengthened its position as the locomotive of exports with its contribution to the year-end balance sheet. Chain exports, which feed many strategic sectors such as automotive, construction, and energy, also experienced an increase that challenged 100%. In addition to their export activities, businesses have also gained presence in international trade with their investments abroad.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - The iron and steel industry, which has the third largest share in the export balance of 2021 with 22.4 billion dollars, increased its exports by 9.7 billion dollars compared to the previous year. Chain production, which feeds many strategic sectors such as automotive, construction, construction, energy, mining, logistics, maritime, mining and forestry, also created a doping effect in the exports of the sector. Eginlioğlu Chain Industry Chairman Orçun Eğinlioğlu stated that as a company that meets 90% of Turkey's chain exports, they closed the year with an increase of 93% in exports and 32% in production. we brought With our registered brand Force Chain, we have delivered our products to 42 countries through our 255 distributors, as a company in the top 10 chain exports in the world. We have risen to the first rank in terms of capacity in the production of steel chains between 2-16 mm in Europe. We always fly the flag of our country by being among the top 5 exporters in the countries we export to." said.

2022 will be the year of investment

Pointing out that the success of 2021 will bring new investments in 2022, Orçun Eğinlioğlu made the following assessment about the new investment targets: “We started the year with our capacity investment. We will commission the first phase of our investment, which will be completed in 3 phases, in March. We will finish the 2nd stage consisting of 5 lines in May and the last stage of 8 lines at the beginning of August. With this investment, when we reach September of 2022, we will have increased our capacity by 2.5 times. We aim to increase our employment by 58% with the increase in side process capacity. We have already started recruiting personnel. The new period will be a year in which we support the increase in capacity with our commercial activities, focus on e-export and increase our market share by expanding our product range. In the first quarter of the year, we will also launch our innovative product chain hoists to the market.”

Will grow with retail and e-commerce in America

Stating that they will add new investments abroad in 2022, Eginlioğlu Chain Industry Chairman Orçun Eğinlioğlu said, “America is a very new market for us. After Germany, we established a company called US Chain Works Corporation in the state of Texas last November. We will grow in retail and e-commerce with our OEM (original product manufacturer) identity. We plan to start sales in April. In 2022, we will use most of our increased production capacity in the American market. In our next step, we will configure local production”.

Transformed into a community of 7 companies in 80 years

Stating that they have left behind very important milestones within the scope of their commercial activities for 80 years, Orçun Eğinlioğlu said, “In 1942, we established Turkey's first chain factory and turned into a group that includes 7 companies in our production journey that we have been continuing for 3 generations. The year 2020, when we reached 100% capacity in our facility in Balıkesir Organized Industrial Zone, was a turning point for our company. We expanded our export activities with the advantage created by our infrastructure investments aimed at increasing customer satisfaction and the additional customs duties on imports. We have brought sustainability to our international commercial activities with our 28 years of export experience and innovation activities.