AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Tosyalı, one of Turkey’s largest private steel producers, which has operations in three continents.
The MoU looks to establish the framework for AD Ports Group to collaborate with Tosyalı on a broad range of shipping, logistics, ports, and freight forwarding services, including potentially jointly investing in new port facilities to support its export operations.
With 30 manufacturing plants, including associates and joint ventures in Turkey, Algeria and Angola, Tosyalı has an annual manufacturing capacity of more than 10 million tons of steel, with significant volumes shipped to markets around the world. The company operates an organized industrial site at Iskenderun Port, Turkey, and is involved in the development of the new Erzin Port.
“AD Ports Group is pleased to sign this agreement with Tosyalı, which is the leading steel company in Turkey and the biggest steel producer in Africa. Our integrated business offering enables us to provide a full suite of shipping, logistics and port services for customers like Tosyalı, supported by innovative digital technology. We are grateful for the support and guidance of the UAE’s leadership that enables us to pursue global agreements of this nature.”
Mr. Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding Co., said that “As Tosyalı Holding, we aim to deploy shipping and logistics facilities that can bring our products to market quickly and efficiently, and contribute to the growth of our nation’s exports. We believe we have found a strong partner in AD Ports Group, which matches our international ambitions and provides a wide range of services and expertise supported by a world-class fleet.”