Turkey's Borusan Mannesmann Begins Negotiations on Europipe's US Subsidiary Acquisition

Turkey's largest steel pipe producer Borusan Mannesmann's US subsidiary, Borusan Mannesmann Pipe US Inc. has initiated negotiations with German steel pipe producer Europipe GmbH for acquisition of Europipe's US subsidiary, Berg Europipe Holding Corp. Reportedly, a non-binding letter of intent was signed between the parties on March 2 and the necessary negotiations for a binding agreement between the parties are ongoing.

20 Mar 2023

Borusan Mannesmann's fully owned US subsidiary,

Borusan Mannesmann Pipe US Inc., has reportedly begun negotiations with German steel pipe producer Europipe GmbH for acquisition of all issued and outstanding shares of capital stock in the US subsidiary of Europipe, Berg Europipe Holding Corp. According to a regulatory filing, a non-binding letter of intent was signed between the parties on March 2 and the necessary negotiations for a binding agreement between the parties are ongoing. “In the meantime, the necessary financial and legal studies within the scope of the process and the required procedures before the regulatory authorities are being carried out,” Borusan said.

Borusan Mannesmann has an ERW pipe mill in Baytown, Texas, has a 300,000 mt/year capacity. The company began investments last year to raise its US mill capacity to 400,000 mt/year with new lines. The company's Turkish mill capacities are 750,000 mt/year of ERW pipes and 300,000 mt/year of spiral pipes. The company's capacity to produce cold-drawn special pipe at its Vobarno plant in Italy is 28,000 mt/year. According to sources, fluctuations in raw material prices have been putting pressure on steel pipe producers' pricing.

MSS Steel Tubes USA to Setup Steel Tube Mill For Nextracker's Solar Tracking Systems

MSS Steel Tubes USA is set to commission a new Tennessee factory to manufacture lowcarbon steel components for Nextracker's solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment.

May 18, 2023

MSS Steel Tubes USA, a joint venture of

Metalogalva and Soufer, and Nextracker Incorporated, a global market leader in utility-scale solar trackers, have announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker's solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment. “We chose Memphis for our first U.S. plant to support Nextracker's utility-scale solar demand across the Southeast. Memphis has the transportation, infrastructure, and capable workforce necessary to support a solar manufacturing program like this.” said António Pedro Antunes, CEO of Metalogalva Group.

Nextracker's dedicated tube mill will feed projects in Kentucky, South Carolina, Virginia, Mississippi, and

Georgia. Tennessee-based, Silicon Ranch—which pioneered utility-scale solar in the Southeast—is developing many of those projects, having signed a supply agreement for 1.5 gigawatts with Nextracker last year, and another new 3 gigawatt supply agreement today. Nextracker's collaboration with MSS Steel Tubes USA underscores the Tennessee Valley's growth as a regional manufacturing hub for the Southeast. As more companies seek to locate their manufacturing capacity in the U.S., Nextracker has already delivered gigawatts of U.S.-made products to solar developers. Today's announcement shows that Nextracker stands ready for the next generation of utility-scale projects in the Southeast with products manufactured in the Tennessee Valley.