Friedman Industries announces the construction of the Pipe-Facility pipes facility

The company Friedman Industries, Incorporated acquired approximately 25 acres of land in Texas, in the immediate vicinity of the location of the branch of its company Texas Tubular Products (TTP). During the first quarter ending on March 31, 2014, the company expects to purchase another 15 acres adjacent to the recently acquired land.

The company has already begun to the initial stages of the construction of the facility on the acquired area. According to the company's management, the construction of the facility, including the improvement of courtyards, buildings and equipment, will cost about 9.2 million US dollars. The company plans to finance the project at the expense of internal sources.

The company plans that the PIPE-FINISHING FACILITS object will operate as part of the TTP, which currently has two trumpeters in its arsenal, which produce electric welding pipes in size from 2 3 /8 "OD 8 5 /8" OD. The company operates in two segments - composite rolls and tubular products. Friedman Industries, Inc is a wholesale distributor of sheets and plates made of hot rolled steel.

For all these transactions with the Earth, the Steel Corporation of the United States acts as sellers. One of the sellers of US Steel Tubular Products, Inc is also the main supplier of the material used in the production of pipes, and is one of the main customers of finished pipe products of the company, as stated in the company's periodicals.