Turkey’s Borusan Mannesmann Begins Negotiations on Europipe’s US Subsidiary Acquisition
Turkey’s largest steel pipe producer Borusan Mannesmann’s US subsidiary, Borusan Mannesmann Pipe US Inc. has initiated negotiations with German steel pipe producer Europipe GmbH for acquisition of Europipe’s US subsidiary, Berg Europipe Holding Corp. Reportedly, a non-binding letter of intent was signed between the parties on March 2 and the necessary negotiations for a binding […]
Surya Roshni Limited Approves INR 75 Crore Investment for New 72,000 TPA Steel Pipe Plant
The Board of Surya Roshni Limited recently approved the setting up of a new steel pipe plant for GP and CR coil/pipe manufacturing at Hindupur, Andhra Pradesh. With an investment of INR 75 crore through internal accruals, the mill is projected to have a production capacity of 72,000 TPA and commissioning is scheduled by March […]
SeAH GSI brings USD 240 million, 20,000 TPA steel tube production facility
The upcoming facility will be the first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia, built on a 1,78,000 sq m area. The joint venture between Saudi’s industrial investments company Dussur and Korea’s steel manufacturer SeAH CSS is expected to begin operating in 2025. The SeAH GSI joint venture between […]
Steel Pipe Makers: Huge Stock Gainers as Govt. Encourages Infra Projects
The steel pipe manufacturers are all set to be greatly benefitted from the CAPEX investments by the central and state governments in the sectors such as oil & gas, petrochemicals, and so on. The steel pipe industry is amongst the top gainers in the stock market as there is huge demand generated by numerous sectors, […]
Venus Pipes and Tubes: Aiming to Expand Existing Capacity by Manufacturing Higher Diameter Welded & Seamless Pipes
Venus Pipes and Tubes Ltd. is one of the leading stainless steel pipe and tube manufacturers with a firm reputation. While growing in the field of innovations, Venus has expanded its wings of uncompromised services and products worldwide. In an interview with Tube & Pipe India, Mr. Arun Axaykumar Kothari, Managing Director and CFO, Venus […]
Borusan Mannesmann Secures Line Pipe Supply Tender in Denmark
The leading Turkish steel pipe producer Borusan Mannesmann has won the line pipe supply tender worth EUR 13.5 million. Turkey-based Borusan Mannesmann, a leading steel pipe manufacturer, has secured an order worth EUR 13.5 million line pipes tender. The tender was organised by Denmark-headquartered Evida Service and Energinet Teknik, as informed by Borusan Mannesmann. According […]
Tenaris Takes Over Steel Pipe Producer Benteler
The deal between Tenaris and Benteler is expected to be closed during the fourth quarter of the current year. Luxembourg-headquartered Tenaris S.A. is going to take over 100 percent of the shares of the US-based steel pipe producer Benteler Steel/Tube, for about USD 460 million. Benteler Steel/Tube, part of the group company – Benteler North […]
Saudi Steel Pipe Wins a Deal Worth USD 25.8 Million from Aramco
As per the statement by Saudi Steel Pipe, the duration of the contract, which is valued at USD 25.80 million, would be for ten months. The steel pipe maker expects the deal to have its financial impact in the first half of 2023. The Kingdom of Saudi Arabia (KSA)-based Saudi Steel Pipe Company (SSPC) has […]
