Business · Companies · 7 hrs ago
Welspun Corp invests up to $350 million in US pipe plants
Welspun Corp is investing $300-350 million in two US plants to make pipes for oil and gas pipelines.
The company, part of India's Welspun Group, says one plant is already operating and the other is due by year-end.
It expects demand to rise as the US increases drilling and refining, energy use grows and investment in pipeline infrastructure expands.
The company says its US order book gives it nearly three years of visibility, longer than the usual four to six quarters in this business.
Welspun estimates it has a 30-35% share of the US oil and gas pipe market.
It also has manufacturing operations in India and Saudi Arabia, and is exploring a proposed facility in Jordan.
The company plans to focus on specialised, higher-value pipes rather than standard products.
Welspun Corp has invested $300-350 million in two US manufacturing plants to meet rising demand for oil and gas pipelines.
One plant has been commissioned, and the second is expected to be commissioned by the end of 2026.
Managing director and chief executive Vipul Mathur said the company expects increased drilling, energy consumption and pipeline investment to support demand.
Welspun says its US order book provides nearly three years of visibility.
The company is also pursuing expansion in Saudi Arabia and plans to establish an entity in Jordan.
- Who
- Welspun Corp, a line pipe manufacturer in the Welspun Group.
- What
- It has invested $300-350 million in two US manufacturing plants.
- When
- The article was published on October 20, 2026. The second plant is expected to be commissioned by the end of the year.
- Where
- The United States.
- Why
- To meet rising demand for oil and gas pipelines, which the company expects to be supported by increased drilling, energy consumption and infrastructure investment.
This story does not have two clearly opposing sides.
The Iran war began, after which crude oil prices climbed nearly 70% in a year, according to the article.
One of Welspun Corp's two US plants had been commissioned.
Welspun Corp expects to commission its second US plant.
- US investment
- $300-350 million
- US plants
- Two manufacturing plants
- Commissioned plant
- One of the two US plants
- Second plant
- Expected to be commissioned by the end of 2026
- US order-book visibility
- Nearly three years
What people are saying
We saw that the global supply chain was getting disrupted, and we felt it would be a good idea to invest in the US and be ready when the opportunity arises
We don't want to be a commodity player. We are interested in niche, value-added segment