July 3, 2007 -- Metal pipe manufacturer Welspun-Gujarat Stahl Rohren is planning to build a US$100 million manufacturing facility at Arkansas in U.S. and expects to start production by spring of 2008. The Arkansas facility, once completed, would be capable of 300,000 net tonnes of tubular steel pipes annually for use in the oil and gas industry and Welspun Gujarat would hire about 300 workers, the company said in a communique to the Bombay Stock Exchange. The facility would be adjacent to the Little Rock Port authority.
"We are happy to be here at Little Rock on Monday which has the advantage of a talented workforce, the right transportation opportunities and above all, the right geographical location. We look forward to a long and prosperous future as partners in Little Rock," Welspun-Gujarat Vice Chairman and Managing Director B K Goenka said.
With majority of its production exported to the United States, Welspun has a very strong presence in the U.S. It also supplies pipe foils to one of the world's deepest pipeline for the 'Independence Trail' project in the Gulf of Mexico. "Welspun could have chosen many other locations for their investments, and they chose Arkansas. Our workforce, infrastructure and the natural benefits of the Arkansas River convinced Welspun to become our partners in progress," Arkansas Governor Mike Beebe said. The company also has manufacturing facilities in Dahej and Anjar in Gujarat, India.
Source: Asia Pulse
Source: Factiva
