10,208.65 TRY BIST 100 BIST 100
34.70 EUR EUR EUR
32.31 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.27 TRY Interest Interest
83.94 USD Fossil Oil Fossil Oil
26.74 USD Silver Silver
4.50 USD Copper Copper
117.55 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,402.11 TRY Gold (gr) Gold (gr)

Indian pipe manufacturer invests $35 Million in Louisiana for first US facility

Indian pipe manufacturer invests $35 Million in Louisiana for first US facility

Indian pipe manufacturer invests $35 Million in Louisiana for first US facility

An Indian pipe and tube manufacturing company, Global Seamless Tubes & Pipes, has chosen Louisiana as the location for its inaugural production facility in the United States. The firm has declared an investment of $35 million in northwest Louisiana, with plans to generate hundreds of employment opportunities in the region.

Hailing from Howrah, India, Global Seamless Tubes & Pipes specializes in exporting its products to industry clients across more than 10 countries worldwide.

The forthcoming Louisiana facility is set to feature state-of-the-art machinery capable of executing both hot-finishing and cold-drawn manufacturing processes. This strategic setup will enable the company to cater to the rising demand and establish a robust domestic supply chain, particularly for North American clients operating within the engineering, oil and gas, and power generation sectors, as per a press release.

It is anticipated that the establishment will create 135 direct job opportunities in DeSoto Parish. Louisiana Economic Development (LED) estimates that the project will additionally generate 251 indirect jobs, thereby presenting a total potential of 386 new employment opportunities in the Northwest Region.

Global Seamless Tubes & Pipes' investment in Louisiana underscores its commitment to producing carbon, alloy, and stainless-steel products specifically tailored to meet the needs of North American customers.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Slovenia's biggest project entrusted to Turkish company

Sunday, May 5, 2024

1 billion 360 million dollars of exports from EIB in April

Sunday, May 5, 2024

South Africa's manufacturing output increased in April

Sunday, May 5, 2024

SeAH CSS increases wire rod prices in response to the increase in nickel prices

Sunday, May 5, 2024

Steel prices in Vietnam bring the construction industry to the brink of crisis

Sunday, May 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now