Borusan Pipe will invest a total of USD 68 million in its Panama City facility between 2025 and 2026. This investment will fund the implementation of advanced technology for forming large-diameter pipes by progressively shaping flat steel plates into ‘J’, ‘C’, and finally ‘O’ shapes.
The investment aims to expand the product portfolio to include smaller diameter, thicker-walled pipes. The goal is to supply products for long-distance energy transportation projects, offshore pipeline projects, and renewable energy platforms.
The only local manufacturer in the US
Borusan aims to position itself as the only domestic manufacturer utilizing this technology in the US steel pipe market, targeting to increase its market share by benefiting from the advantages of local production and tapping into an additional market potential of 150,000 tons annually.
Scheduled to commence operations in 2027
The investment will become operational in 2027 and will focus on advanced forming technology used in the production of longitudinal welded steel pipes.
Comments
No comment yet.