9,078.43 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
62.41 USD Fossil Oil Fossil Oil
40.43 USD Silver Silver
4.69 USD Copper Copper
99.25 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,035.64 TRY Gold (gr) Gold (gr)

New investment from Borusan Mannesmann that will increase its the USA turnover

Borusan Mannesmann is preparing to expand its service area and increase its turnover to 600 million dollars in the USA with its pipe production and completion line investment. The investment is expected to be approximately 50 million dollars at the first stage.

New investment from Borusan Mannesmann that will increase its the USA turnover

Borusan Mannesman, one of Turkey's leading welded pipe manufacturers, plans to increase the capacity of the Borusan Mannesman Boru plant in Texas, USA.

Currently, the enterprise is capable of producing up to 300 thousand tons of oil and gas pipes (OCTG) per year. However, the company considers it necessary to complete the range of the plant with general purpose welded pipes used especially in the construction industry.

The company plans to dismantle one of the existing 100 thousand tons/year capacity pipe welding lines in its operation in Turkey, modernize its equipment and transport it to the United States for installation at the Borusan Mannesman Boru factory.

The cost of implementing this project is estimated at about $ 50 million, and the updated line is scheduled to reopen in the United States in 2023.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's automotive industry was the leader of exports in April

Friday, May 2, 2025

Türkiye's foreign trade deficit decreased on an annual basis in March, but increased in the first quarter

Wednesday, April 30, 2025

Minister Bayraktar's statement on the impact of the power outage in Europe on Türkiye

Tuesday, April 29, 2025

Türkiye's unemployment rate decreased to 7.9% in March

Tuesday, April 29, 2025

TÜİK announced April confidence indices

Monday, April 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now