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10 Sep
10:17

Turkey’s Özborsan Pipe enters bankruptcy

Bankruptcy proceedings have been opened against pipe producer Özborsan Pipe by the 3rd Civil Court of Karadeniz Eregli. The company, which produces 200,000 tonnes/year at its facility in the Eregli district of Zonguldak, has been in operation for over 30 years. Producing welded steel pipes and profiles, Özborsan exports 80% of its production to countries such as the UK, Ireland, Belgium, the US, Oman, Yemen and Iraq, Kallanish notes. In addition to …
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