NEW YORK Turkish pipe and tube maker Borusan Mannesmann will receive $1.6 million from the Texas Enterprise Fund to help it build its planned oil country tubular goods (OCTG) and line pipe mill in Baytown.
Capital investment for the 300,000-ton-per-year mill, which is expected to employ 250 people, will total $148 million, according to a statement from the office of Texas Gov. Rick Perry.
The Istanbul-based pipe and tube producer previously said that the facility could have as many as 350 workers (amm.com, Jan. 2), but a company spokesman told AMM in an e-mail that the number was revised downward after details of the project were finalized.
"This investment is the beginning of a new era, not only for economic relations between the U.S. and Turkey but also for our steel sectors," A. Ahmet Kocabiyik, chairman of parent company Borusan Holding AS, said in the statement.
The official kickoff ceremony for the mill took place April 2, and production is expected to start in mid-2014.
Borusan is one of a growing number of foreign producers to build pipe and tube mills in the United States.