Borusan Mannesmann to supply pipes for energy project in Texas
ISTANBULBorusan Mannesmann has announced that it will supply pipes for a 449-kilometer-long natural gas liquids (NGL) pipeline project in Texas, United States, for a contract worth $130 million in a written statement to the Public Disclosure Platform (KAP) late on Dec. 11.
The pipes will be delivered in 2015.
“In line with a contract worth $130 million, we will be sending spiral-based steel pipes, which will be produced in our production facilities in the northwestern province of Gemlik, to the Houston Port in the U.S. Then the pipes will be transported to three different fields within the state of Texas,” said the statement.
This 449-kilometer-long pipeline will be the longest project to which the company supplies pipes, the statement added.
Borusan Mannesmann also said the construction of its plant in Houston was completed ahead of schedule with an investment volume of $150 million, as had been set earlier, in another written statement. The groundbreaking ceremony of the facility, which produces oil country tubular goods (OCTG) pipes to be used in petroleum and gas drilling wells, was in April 2013.
The company plans to gain $300 million in revenue from the activities at this facility, said the statement.
It also said Borusan Mannesmann has become a local producer in the U.S. with this facility and is now aiming at becoming one of the five largest producers in the country.