The company announced the completion of investments in pipe assets

Turkish pipe producer Borusan Boru (Borusan Group) has announced that it has completed investments in its subsidiaries Borusan Tube Products SA in Romania and Borusan Pipe US in the United States and has started trial production at these assets. This is reported by SteelOrbis.

The company in Romania is focused on the automotive industry. At the same time, the company has increased production capacity in Baytown (USA), which serves the energy sector, from 300 thousand to 400 thousand tons with the commissioning of a new production line. As noted, this will allow Borusan Pipe US to become a local manufacturer in the construction and general industrial market of the United States.

The investments in these two countries are expected to contribute to the turnover of these assets in Borusan’s consolidated financial statements in the second half of the year by approximately $8 million and $50 million, respectively. In addition, the company intends to reach sales of more than 10 thousand tons at the Romanian facility in 2026.

Türkiye’s Borusan Group will invest $1.4 billion (63 billion Turkish liras) in development over the next three years, $500 million of which is planned for the current year, said Erkan Kafadar, the group’s CEO. The largest share of these investments is aimed at increasing the capacity of the Borçelik plant in Gemlik. The company plans to invest TL 20.8 billion in new coated plate production facilities (500 thousand tons per year), which are unique for Türkiye.

As GMK Center reported earlier, Kardemir, a Turkish integrated steel producer, plans to invest $1.5 billion (TL 46.2 billion) over the next five years. Currently, the company’s steel production is at 2.5 million tons, and it aims to increase this figure to 3.5 million tons in the short term.