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13 May
01:00

Exports surge boosts Borusan Mannesmann revenue in Q1

Turkish welded pipemaker Borusan Mannesmann Boru (BMB) saw consolidated revenue increase 18% year-on-year to TRY 382 million ($144m) in the first quarter, driven by a rise in export shipments. Consolidated first-quality product shipments grew 11% y-o-y to 150,000 tonnes in Q1 15 as exports went up 31% to 93,000t – this more than offset the -11% decline in domestic sales to 57,000t, Kallanish learns from BMB. Exports thus accounted for 62% of …
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