Turkey’s leading steel pipe maker Borusan Mannesmann has reported that its sales was TRY 4.88 billion in April-June 2022 quarter up as compared to TRY 1.61 billion a year ago. Net income was TRY 277 million as compared to TRY 75 million a year ago. For the six months, sale was TRY 8.55 billion compared to TRY 2.89 billion a year ago. Net income was TRY 385 million compared to TRY 153 million a year ago. In the first half this year, the company’s premium quality product sales were up by 8% YoY to 338,000 tonnes. In the same period, 66% of the company’s premium quality product sales were directed to export markets. The company's turnover from sales of high value-added pipes which includes special and spiral pipes accounted for 67% of the total premium quality product sales turnover, while its turnover from high value-added drilling pipe sales accounted for 32% of the total premium quality product sales turnover. In the given period, the company's turnover from value-added spirally-welded pipe sales amounted to 8% of the turnover from the total sales of premium quality pipes. Steel pipe sales for the automotive sector in the first half increased by 12% YoY Borusan Mannesmann is the first industrial venture of the Borusan Group, one of Turkey's leading powers. It was founded as the company merged its activities with Salzgitter Mannesmann in 1998. With its 7 facilities in 3 continents and high sales volume, it is among the leading manufacturers in Europe and the world in the steel pipe industry.
Turkey’s leading steel pipe maker Borusan Mannesmann has reported that its sales was TRY 4.88 billion in April-June 2022 quarter up as compared to TRY 1.61 billion a year ago. Net income was TRY 277 million as compared to TRY 75 million a year ago. For the six months, sale was TRY 8.55 billion compared to TRY 2.89 billion a year ago. Net income was TRY 385 million compared to TRY 153 million a year ago. In the first half this year, the company’s premium quality product sales were up by 8% YoY to 338,000 tonnes. In the same period, 66% of the company’s premium quality product sales were directed to export markets. The company's turnover from sales of high value-added pipes which includes special and spiral pipes accounted for 67% of the total premium quality product sales turnover, while its turnover from high value-added drilling pipe sales accounted for 32% of the total premium quality product sales turnover. In the given period, the company's turnover from value-added spirally-welded pipe sales amounted to 8% of the turnover from the total sales of premium quality pipes. Steel pipe sales for the automotive sector in the first half increased by 12% YoY Borusan Mannesmann is the first industrial venture of the Borusan Group, one of Turkey's leading powers. It was founded as the company merged its activities with Salzgitter Mannesmann in 1998. With its 7 facilities in 3 continents and high sales volume, it is among the leading manufacturers in Europe and the world in the steel pipe industry.
