Turkey’s Borusan Mannesmann is investing in a new steel pipe processing plant in Romania. The first stage financing is estimated at $8mn. This would be the company’s second facility in Europe. Borusan previously invested in the Vobarno factory in Italy which primarily produces pipe products for the domestic automotive segment.
Borusan Holding, in collaboration with Germany’s Mannessman, prior to the merger, acquired the 25,000mt cold pipe drawing facility in Vobarno, Italy, in 2001 and renamed it BM Vabarno.
Other outside investments by Turkish firms include Kürüm Holding in Albania, Erdemir in Romania and Finland, Tosyalı Holding in Montenegro, and the Epaş Group in Latvia.