Tosyalı Holding, which acquired Zeljezara AD Niksic in Montenegro being one of the largest steel production facilities in East Europe last year,
established the largest iron and steel plant of Algeria in Oran city with a total budget of 750 Million USD including working capital. Annual turnover
target of the plant being the highest steel investment of Turkey abroad is 1 Billion USD. Tosyalı Iron and Steel Algeria Plant, completed within a short
timeframe of 19 months, is opened on 5 June 2013 by Prime Minister Recep Tayyip ERDOşAN and Algerian Prime Minister Andelmalek SELLAL. 900 thousand tonnes of rebar will be manufactured in the facilities in addition to its molten steel production capacity of 1 million 250 thousand tonnes.