# Isdemir plans $579M modernization and capacity increase

Isdemir, part of Oyak Mining and Metallurgy Group, plans to invest TRY 2.8 billion ($579 million) to modernize and increase capacity at its plant in Payas, Hatay, including a new blast furnace and upgrades to rolling mills.

- Type: Expansion
- Announced: 2018-07-19
- Where: Payas, Hatay, Türkiye
- Value: $579.4M (2.80B TRY)
- Status: announced
- Capacity: new blast furnace: 2.72 million mt/year; coil rolling: 1 million mt/year (from 600,000 mt); hot rolling: 4.4 million mt/year (from 3.5 million mt)
- Products: steel, coil, hot-rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Isdemir](https://endata.com/companies/33232.md)
- [Oyak Mining and Metallurgy Group](https://endata.com/companies/33233.md) (partner)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/isdemir-awaits-environmental-approval-for-capacity-increase-project-1049519.htm), 2018-07-19: "Isdemir plans to construct a new blast furnace with an annual production capacity of 2.72 million mt, which will replace the old blast furnace No.1 with an annual capacity of 875,000 mt."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.