Turkish conglomerate Tosyali Holding says it has acquired Spain’s Baika Steel Tubular System (STS). The company manufactures helical welded steel (SAW) tube with different coatings and structural pipes, used mainly in the oil & gas sector, water transportation and for civil engineering applications.
“We have added a new milestone to our global growth,” Tosyali says in a note seen by Kallanish. “With this acquisition, the company has increased its global pipe production capacity to more than 3 million tonnes/year, reinforcing our position as the largest steel pipe producer in Europe.”
Although it does not reveal any details of the agreement, STS confirms that Tosyali will modernise its two plants in Alegría-Dulantzi, in the Basque Country. This will increase their annual production capacity from the current 150,000 tonnes/year to almost 240,000 t/y.
Todor Kirkov Bulgaria
