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Hotels in Turkey | Hotels in Istanbul | Blue Voyage Yachting and Cabin Charters | Changes in Life-Style (1385 words) |
 | Karabuk, which in a way changed the destiny of Safranbolu, was a settlement of 13 to 15 households and a population of around one hundred in 1935. |
| The foundation of the Iron and Steel Factory was laid on the 3rd of April 1937 and it began to operate on the 1st of June 1939. |
| The increase of new-comers aggravated the problem between the former inhabitants of the sehir and this newly emerging social group; therefore those who were at the same time faced with economic difficulties did not hesitate to sell their houses and move to their second homes in the Baglar region. |
| The Washington Times - Turkey (621 words) |
| Karabuk was operated by the “General Directorate of Turkish Iron and Steel Works,” a State-owned enterprise, and remained the country’s sole steel production plant until 1965. |
| The results were surprising: In 1995, the plant made a profit of $5 million; in 1996, profits rose to $25 million; and, by 1997, profits rose to $45 million. |
| Sencer Imer, Chairman at Karabuk Iron and Steel Works, disagrees: “Although industrialized countries such as the U.S. and Germany have reached a saturation point (in steel production), Turkey is in full development and needs steel to continue building its infrastructure. |
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