Welspun Corp Expands HFIW Pipe Manufacturing Facility in Arkansas

Welspun Tubular LLC, a subsidiary of Welspun Corp Ltd, recently celebrated the groundbreaking of its expanded HFIW pipe manufacturing facility in Little Rock, Arkansas. This $100 million investment aims to enhance the company’s line pipe portfolio in the U.S.

The expansion is part of Welspun’s strategic efforts to increase its production capacity for high-quality steel pipes, crucial for the oil and gas industries. With the completion of this expansion by March 2026, the company plans to produce pipes up to 24 inches in diameter and with thicknesses of 0.75 inches, ensuring a robust addition to its U.S. operations.

Job Creation and Facility Enhancements

The company stated that this expansion will create ~175 new jobs in Little Rock, contributing significantly to the local economy. Welspun Corp has a long-standing presence in Arkansas, having invested over $300 million in its operations since establishing a manufacturing presence there in 2007.

This latest upgrade is expected to increase the production capacity of the facility to 350 kilometres per year of HFIW pipes, making it a key part of Welspun’s global manufacturing operations. With its continuous investments in technological improvements and production capacity, Welspun Corp remains one of the world’s top manufacturers of large-diameter line pipes.

Commenting on this key milestone, the Chairman of Welspun World, Mr BK Goenka, said, “We are glad to be in Little Rock to announce the expansion of our plant here which we set up back in 2007, and have successfully maintained a relationship with the Arkansas region and its people. This capacity expansion will not just benefit our ongoing operations and cater to Welspun’s ethos of customer centricity, but also add to the job market to aid the local population residing here.”

The Governor of Arkansas, Sarah Huckabee Sanders, stated, “The Port of Little Rock is quickly becoming the centre of economic development for our region – and today’s groundbreaking is only going to continue that. I applaud the team that landed this announcement and will continue my administration’s work to make Arkansas a low-tax, pro-business state that welcomes companies like Welspun Tubular with open arms.”

On December 13, 2024, Welspun Corp share price opened at ₹797.40, touching the day’s low at ₹782.55, as of 9:40 AM on the NSE.

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