Reported 3 days ago
Borusan Pipe announced a $68 million investment to enhance its manufacturing facility in Panama City, Florida, aimed at improving large-diameter steel pipe production. This upgrade will introduce advanced pipe-forming technology, allowing the production of smaller-diameter pipes and thicker walls, catering to the critical needs of the oil, gas, and renewable energy sectors. Scheduled to begin operations in 2027, the facility will be the only U.S.-based manufacturer using this specific technology, significantly expanding Borusan's product range and capabilities in the market.
Source: YAHOO