Lone Star, Welspun in line pipe venture
Dec 21, 2006 | 12:07 PM
| Sam Kusic
Lone Star Technologies Inc., Dallas, is entering the U.S. large-diameter line pipe business via a joint venture with India's Welspun Group.
The joint venture, to be called Welspun-Lone Star Tubular LLC, intends to produce 300,000 tons of spiral-weld pipe annually, ranging from 24 inches to 60 inches in diameter. It also plans to have best-in-class coating capabilities.
Under the deal, Lone Star will contribute $26.4 million for a 40-percent stake while Welspun Pipe Inc., a division of Welspun Gujarat Stahl Rohren Ltd., Welspun Group's steel pipe division, will contribute $39.6 million for a 60-percent stake.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.