Borusan Mannesmann to Build Pipe Processing Plant in Romania
Turkey's leading steel pipe producer Borusan Mannesmann has announced that it will make its second investment in Europe by building a new pipe processing plant in Romania at an investment of USD 8 million. Borusan Mannesmann has already established a subsidiary in Romania, Borusan Tube Products.
In 2001, Borusan Mannesmann acquired the Vobarno cold drawn pipe plant in Italy. The investment will be Borusan's second in Europe, after the one in Italy.
Part of the Borusan Group, Borusan Mannesmann merged its operations with European steel and technology firm Salzgitter Mannesmann GmbH in 1998 and operates seven plants across three continents.