# Tosyali Holding plans $1.5-2B annual investment for global expansion

Turkish steelmaker Tosyali Holding plans to invest $1.5-2.0 billion per year in a global expansion drive involving Africa and Saudi Arabia, as well as potential acquisitions in Europe and the Americas, aiming to raise liquid steel production capacity to 20 million metric tons within five years.

- Type: Investment
- Announced: 2024-05-22
- Value: $1.75B
- Status: announced
- Capacity: 20 million metric tons of liquid steel per year
- Products: liquid steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tosyali Holding](https://endata.com/companies/24201.md)

## Sources

- [reuters.com](https://www.reuters.com/markets/commodities/turkish-steelmaker-tosyali-plans-global-expansion-chairman-says-2024-05-22/), 2024-05-22: "Turkish steelmaker Tosyali Holding plans to invest $1.5-2.0 billion a year in a global expansion drive involving Africa and Saudi Arabia."

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