Borusan Mannesmann, Turkey’s leading steel pipe manufacturer, will invest $150 million to establish a steel pipe manufacturing plant in the U.S. to cater to the energy sector. Scheduled to start production by mid-2014, the plant is designed to produce the thick-walled and high-strength pipes suitable for state-of-the-art, advanced OCTG technology used in shale gas production. Texas and Oklahoma are the leading states to attract the investment through their incentive programs. The facility, with a planned annual production capacity of 300,000 tons, will be built on nearly 125 acres of land and create 350 jobs.
Turkish Steel Pipe Manufacturer to Invest in U.S.
January 2, 2013