The office of Texas Governor Rick Perry has announced that the Texas Enterprise Fund (TEF) will provide Turkey's Borusan Mannesmann Pipe $1.6 million to close the deal on the steelmaker's $148 million investment in a pipe mill in Baytown, Texas. The Baytown facility will produce casings used to secure oil wells and tubing to extract gas and oil from the ground, adding 300,000 tons of manufacturing capacity.
"Texas continues to be a leader in energy production, supplying not just the oil and gas that fuel our cars, homes and businesses, but also the products and workforce necessary to support domestic drilling in the US," Governor Perry said.