Turkish steel pipe manufacturer Borusan Birleşik Boru Fabrikaları Ticaret A.
Ş. (Borusan Boru) announced that its American subsidiary Borusan Berg Pipe has signed new sales contracts worth about $742 million after commercial negotiations in the United States.
According to the company, it is expected that most of the contracted large-diameter linear pipes will be manufactured and shipped during 2027. Production and deliveries of the remaining orders are scheduled to be completed during the first quarter of 2028.
Expected significant contribution to revenue
Borusan Boru stated that based on the current delivery schedule, it is expected that most of the orders will contribute to the company's consolidated revenue during 2027. The remainder is expected to be reflected in the financial results during the first quarter of 2028. The Company noted that the timing of revenue recognition may vary depending on the progress of the project and the normal conditions of the commercial market.
