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Kardemir wins Algerian railway wheel supply tender-巨浪展览-Foundry Exhibition-The 27th China(Guangzhou) International Casting Products,foundry Industry Exhibition
7/28/2026 铸件展-铸造展会-casting expo-foundry exhibition |
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Turkish integrated long steel producer Kardemir Karabik Demir Celik Sanayi ve Ticaret A.S. (Kardemir) hasannounced that it has won the international tender launched by Algeria''s national railway operator, SocieteNationale des Transports Ferroviaires (SNTF), for the supply of railway wheels.
According to the company''s statement, the parties signedthe first purchase contract under a railway wheel supplyprogram worth approximately $27 million. Kardemir statedthat this agreement is the highest-value export contract ithas signed over the past five years.
Five-year supply program
Under the agreement, Kardemir will manufacture and deliver the railway wheels required by SNTF over a five-year period through batch-based purchase orders.
The company stated that being included in the long-term supply program of a national railway operator is animportant indication of the international recognition of its products and the confidence placed in the company.
Kardemir also noted that long-term export agreements strengthen its position in international markets whilecontributing to greater revenue predictability and sustainable value creation. The company added that it wilcontinue to expand the reach of the Turkish steel industry''s manufacturing capabilities into new markets through its export activities.
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