#United States #Investment #Panama City #Borusan Pipe

Borusan Pipe's Major Expansion in the U.S.

In a strategic move to solidify its presence in the U.S. market, Borusan Pipe, a notable industrial arm of the Borusan Group, has announced a remarkable investment of $68 million aimed at enhancing its operations in Panama City, Florida. This initiative backs their U.S. subsidiary, Borusan Berg Pipe Holding Corp., and is heralded as a transformative step towards improving its large-diameter steel pipe production facility.

Investment Overview

The funds will be funneled into upgrading existing operations by incorporating advanced pipe-forming technology that boosts manufacturing efficiency. Borusan's upgraded facility plans to utilize a sophisticated three-step process, which involves transforming flat steel plates into “J,” “C,” and “O” shapes. This modern enhancement will not only escalate production capabilities for larger diameter pipes but will also accommodate thicker walls, aligning with global production standards.

Expected to begin operations in 2027, the revamped facility will produce steel pipes ranging from diameters of 16 inches to 60 inches, with wall thicknesses reaching up to 2 inches. These capabilities position Borusan as a unique player in the U.S. market since it will become the only manufacturer focusing on this advanced technology. The applications for these pipes are vast, spanning industries such as oil and gas transportation and renewable energy projects, including offshore work in the Gulf of Mexico and wind energy infrastructure.

Driving Local Excellence

Zafer Atabey, the CEO of Borusan Pipe, articulated the significance of this investment, emphasizing how it underscores the company’s longstanding commitment to establishing itself as a robust local manufacturer within the U.S. market. “We entered the U.S. market with ambitious goals a decade ago. Our robust operations and dedicated team now mark our success,” he stated, highlighting that expanding the Panama City facility will reinforce Borusan's portfolio and its role in both traditional and renewable energy sectors.

Furthermore, Ugur Onbasi, President of Borusan Berg Pipe, stressed the investment’s potential, noting that it dramatically enhances their production capacities to meet the evolving needs of both onshore and offshore pipeline sectors. This commitment not only focuses on catering to current market demands but also illustrates Borusan’s engagement with the growing renewable energy sector.

A Decade of Growth and Innovation

Borusan Pipe’s journey in the U.S. commenced with a substantial $150 million investment in Baytown, Texas, marking the establishment of its first facility. Over the last ten years, the company has repeatedly been recognized for its excellence in the industry, gaining titles like