Borusan increases its production facilities in the USA to 4

With a sales price of 162 million dollars, the company is expected to become one of the companies that can compete strongly in the US pipe market, with investments made by Borusan.

It is stated that the company aims to become one of the important players in the North American energy pipe market with the acquisition. Borusan Mannesman has decided to purchase all shares representing the capital of Berg EUROPIPE Holding Corp. Necessary permissions were obtained and a share purchase agreement was signed with EUROPIPE GmbH on April 13, 2023, and it was reported to the Public Disclosure Platform that the share transfer transactions were completed. Borusan announced that the cost of share transfer transactions was 162 million dollars. Borusan informed that such an investment has been made in order to increase the company's presence in the global market.

While Borusan Group companies have been in existence since 1958, Borusan Mannesman has been present in Texas, USA since 2014. In addition, the company, which continues its production activities in Baytown, will increase the number of facilities in the USA to 4 with its latest investments. It is estimated that the total production capacity of the company in the USA will reach 1 million tons, and its total turnover in the USA will reach 1 billion dollars.