Schedule a Call Back
Welspun approves $100 million investment to boost US pipe manufacturing
Industry News- Sep 03,24
The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.
Welspun Corp.'s board of directors has greenlit a $100 million investment to upgrade its high-frequency induction welding pipe manufacturing and coating capabilities in the United States. This investment will be made through Welspun Pipes Inc., a wholly owned subsidiary, over the next 18 months. The funding will come from local debt and internal accruals.
The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness, according to the company's filing.
This strategic move is expected to reinforce Welspun's leadership in the U.S. oil and gas sector, enhancing its presence in markets for oil, liquids, gas, and distribution. Additionally, the upgraded facilities will enable Welspun to capitalise on the growing demand for hydrogen and carbon capture applications in North America.
The U.S. line pipe market is anticipated to remain strong, driven by active drilling in the Permian Basin and the ongoing need for new gas pipelines to transport Permian gas to the Gulf Coast.
(NDTV Profit)
Related Stories
Process Equipment
4 Low-VOC Industrial Paints That Deliver High Performance in Tough Environments
Volatile organic compounds (VOCs) - contaminating air and water - can affect health. In this article, Emily Newton explores four high-performance, low-VOC industrial paint options that reduce harmfu..
Read moreMachine Tools & Accessories
Boehlerit’s THETAtec 25N Feed tool system redefines high feed milling
High performance cutting brings productivity increases and measurable cost reductions at the same time. With the new THETAtec 25N Feed, Boehlerit now offers another high-end tool system for this mac..
Read moreAutomation & Robotics
India’s Construction Equipment Bestsellers
Lifetime honours for Anand Sundaresan, Ammann India and Person of the Year for Vivekanand Vanmeeganathan, Caterpillar among industry bestsellers
Read moreRelated Products
Programmable Controllers - Pcd-33a Series
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Pro-Med Instruments (P) Ltd offers a wide range of programmable controllers - PCD-33A Series.
Gasket Graphite Powder
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Arihant Packing & Gasket Company offers a wide range of gasket graphite powder.
Asahi Kasei expands 3D printing filament sales in North America
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Asahi Kasei, a leading resin and compounding technology provider, has initiated the sales of 3D printing (3DP) filaments in North America through Asahi Kasei Plastics North America (APNA). The soft la Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
