Zinc facility investment to cut imports, generate billions of dollars
After eliminating terrorist elements in Turkey's eastern and southeastern regions, where the PKK terrorist organization had been conducting terrorist attacks against both civilians and the country’s security forces for decades, investments have started to pour into the provinces in the region.
One of the latest such moves is Lineer Metal Inc.'s zinc facility, which was established through a Turkish-Qatari partnership in an Organized Industrial Zone (OIZ) in southeastern Siirt with the aim of cutting down the country's annual 250,000 tons of zinc imports.
The facility – which is completing construction – consists of three stages. The first was implemented with an investment of $102 million (TL 988.5 million) and will be opened on Nov. 20 with the participation of President Recep Tayyip Erdoğan. The total investment of the facility, of which the remaining stages will be completed by 2023, will reach $500 million.
“Our facility will reduce Turkey's zinc imports by 40% with a production of 90,000 tons in the first place. Over time, we will increase the capacity,” he said. Aktay also said that the foundations of two more factories that will process lead-silver and sulfuric acid will be laid as part of the same initiative, on the day of the opening of the zinc smelting facility.
After eliminating terrorist elements in Turkey's eastern and southeastern regions, where the PKK terrorist organization had been conducting terrorist...
www.dailysabah.com