Turkey targets refractories development
Published: Friday, 30 August 2019
Domestic R&D in Turkey will be a priority in the country’s latest economic plan for the years to 2023, with emphasis on refractories.
The Turkish government has pledged to support the
country’s refractories industry as part of its
11th five-year development plan, which was submitted to the
Turkish parliament on Tuesday July 9 following approval by
President Recep Tayyip Erdoğan.
Under the plan, which covers the period from 2019-23, the
government has singled out research and development (R&D)
and investment in Turkish refractory materials production as a
"supported special area."
The intention of the initiative is to reduce the
country’s dependence on imports for certain
products, including refractory ceramics.
The plan did not give details of what, if any, state
financial support will be allocated to the refractories
industry, but indicated that investment incentives for private
investors will form part of the scheme.
It is hoped that enhancing local production of
high-technology products will boost Turkey’s large
metal, cement and glass sectors, which are the main consumers
Turkey is the world’s eighth-largest steel
producer, with output of 37.3 million tonnes in 2018, according
to the World Steel Association.
Steel was not named as a supported special area under the
new development plan, but it did say that investment in the
production of high-alloy, high-value-added aluminium products
required for such sectors as aerospace, defense and the
automotive industry will be encouraged.
Exploration and exploitation of domestic mineral resources
will also be supported.
Turkey holds significant reserves of refractory minerals,
including bauxite, magnesite, olivine and kyanite, many of
which are already produced in industrial quantities, but have
the potential to be expanded.
Turkey’s latest five-year plan is intended to
raise the country’s gross domestic product (GDP)
to $1.08 trillion by 2023 from around $784 billion in 2018,
with exports of $226.6 billion versus $168.1 billion last