21
Jan
16:10
Borusan Mannesmann buys land to build Romania plant
Turkish pipe producer Borusan Mannesmann has paid €805,000 ($913,362) for a land plot in southern Romania, Ploiesti, where it plans to build a steel pipe plant.
The acquisition was made through the company's subsidiary in Romania, Borusan Tube Products, Borusan Mannesmann says in a stock exchange filing seen by Kallanish.
The company announced in June that it plans to build an $8 million pipe processing unit in Romania.
The investment will be Borusan…
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