BURSA, Turkey Borusan
Mannesmann Boru Sanayi ve Ticaret AS, Turkeys largest
steel pipe producer, will spend $150 million to build a plant
in the United States.
The investment will be made
through sister company Borusan Mannesmann Pipe U.S. Inc. The
company said it aims to start production by the second half of
2014, targeting $500 million to $600 million in annual revenue
at full capacity.
The mill will produce drilling pipe and small-diameter line
pipe primarily serving the shale gas and oil industries.
A version of this article was first
published by AMM sister publication Steel