YILDIRIM GROUP Launches ETI LOJISTIK INC.
ELAZIG, TURKEY, April 21, 2012 — In accordance with our commitment to building sustainable synergistic strength among our subsidiaries, we are proud to announce that Eti Lojistik Inc. has been launched to provide wagon transportation, mainly for Yildirim Group facilities based in Elazig, Turkey.
As the largest Turkish producer of hard lumpy chrome ore and high carbon ferrochrome, Eti Krom delivers more than 500,000 MT of material per annum, bound for exports via railway to Mediterrenean ports, Mersin and Iskenderun. With this move, the burden of transportation costs of Eti Krom will be decreased by around 40% to further improve Eti Krom’s efficient operational profile and to provide better control over the logistics of transportation operations.
Yildirim Group, a globally and industrially diversified conglomerate, also plans to build a coal-fired power plant in Elazig. In addition, Eti Lojistik will provide the coal needed on the return leg of the trip from these two ports for the proposed 200 MW coal-fired powerplant.
The estimated coal tonnage is approximately 600,000 MT, which will further contribute to the profitability of the power plant by controlling the transportation costs.
Eti Lojistik will also provide access capacity on its wagons to other interested parties and will establish Eti Lojistik as a bona fide successful Yildirim Group company.
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