Borusan Mannesmann, who is one of the largest pipes in Turkey, announced the intention of his subsidiary of Borusan Mannesmann Pipe US Inc to invest $ 150 million in the construction of pipes for the production of pipes oriented on the needs of the energy industry.
The pipe manufacturer explains that the decision made has become a reaction to a significant increase in the volume of shale gas production in North America. The current situation was distinguished by the creation of the center for the production of oil pipe pipes (OctG). It is planned that the production capacity of the facility will be 200 thousand tons per year and will fully satisfy growing needs.
The industrial facility is planned to be commissioned in the second half of 2014. It is planned that the turnover will be 500-600 million dollars and in general will depend on the level of price for steel. Currently, the company's turnover has reached $ 800 million. Borusan Mannesmann now owns 2% of the total US pipes of the OCTG oil pipes and, as a result of investment investments, expects to double its shares.
Borusan Mannesmann will invest $ 150 million in the Octg Center in the United States
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Azovpromstal® 24 December 2012 г. 00:01 |
