Welspun Corp. Approves $100 Million Investment to Enhance U.S. Pipe Manufacturing and Coating Capabilities!

By Ashutosh Arora


Tuesday 3 September 2024, 6:39:44 PM


Welspun Corp. has announced a $100 million investment to upgrade its high-frequency induction welding pipe manufacturing and coating facilities in the United States. The investment, which will be executed through Welspun’s wholly owned subsidiary, Welspun Pipes Inc., is designed to expand the company’s product offerings and strengthen its position in the U.S. oil and gas sector.

The investment will be deployed over the next 18 months, funded through a mix of local debt and internal accruals. This upgrade will enable Welspun Pipes to produce larger pipe sizes, with an outside diameter of up to 24 inches and a wall thickness of 0.750 inches, thereby expanding its manufacturing capabilities.

Welspun’s strategic move is intended to reinforce its leadership in the U.S. market, particularly in oil, liquids, gas, and distribution sectors. The enhanced facilities will also position the company to tap into the growing market for hydrogen and carbon capture applications across North America.

The company has expressed optimism about the U.S. line pipe market, citing strong demand from active drilling operations in the Permian Basin and the ongoing need for new pipelines to transport gas to the Gulf Coast.

Welspun Corp. Ltd. is a global leader in the manufacturing and supply of high-quality steel pipes and related products, serving critical industries such as oil and gas, water, and infrastructure. With state-of-the-art facilities in India, the United States, and Saudi Arabia, Welspun is recognized for its innovative solutions, sustainability focus, and strategic global partnerships, making it a trusted partner in delivering durable infrastructure solutions worldwide.



    Want to know more?

    Whether it's extra details on this article or information about MTD's services, fill in this form and we'll get back to you.

    Get the Latest Industry Insights


    Sign up to receive the latest news, insights, and exclusive content from the world of manufacturing — straight to your inbox.

    Sign up for exclusive news & offers

    Get updates, promotions and insights.

    Join Thousands of Professionals Staying Ahead with MTD

    Sign up to receive the latest videos, insights, and exclusive content from the world of manufacturing

    Let's Get You Connected