Turkish steel-pipe producer Borusan Holding announced that its U.S. subsidiary, Borusan Berg Pipe, has begun negotiations on a $550 million sales agreement to supply large-diameter pipes for a project in the U.S. The move was disclosed in a filing to Turkey’s Public Disclosure Platform (KAP).
Borusan first entered the U.S. market in 2014 with a $150 million investment in Houston. Its presence grew further in 2023 with the acquisition of Berg Pipe for $162 million, adding facilities in Florida and Alabama.
The company noted that the potential agreement, if finalized, would make a significant contribution to turnover in 2026.
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