Borusan Group has ended its partnership with Salzgitter Mannesmann GmbH, with which it has been in partnership since 1998. Thus, the new name of Borusan Mannesmann, which Borusan Group established as its first industrial venture and in which it has long held majority shares, became Borusan Boru. In the international arena, the company was renamed as Borusan Pipe.
Borusan Group increased its 77 percent shareholding in Borusan Mannesmann Boru Yatırım Holding A.Ş. to 100 percent and parted ways with Salzgitter Mannesmann GmbH.
With the completion of the share transfer transaction, which will not lead to any change in the company’s structure and management, the company, which witnessed the development of the Turkish industry and transformed into a global manufacturer starting from Turkey, has a new brand identity.
From now on, Borusan Boru in Turkey and Borusan Pipe in the international arena will carry out production in 11 facilities on 3 continents and deliver its products all over the world.
In addition to its investments in Turkey, the company will continue to grow in the international arena with its strategy of becoming a local player in global markets. In 2024, the company will start production in Romania, where it will increase its claim in the field of automotive pipes, where it is the leader in the European market. The new pipe production line, which will serve the construction, general industry and energy sectors in the US market, will be operational in the coming months.