India-Based Welspun Tubular Expands Little Rock, Arkansas, Operations
11/18/2024
The investment will include the expansion and upgrade of the company's pipe portfolio. Production is scheduled for the first quarter of 2026.
“This investment will enable us to further expand our leadership position in the oil and gas segment in North American market by enriching our product portfolio. Our outlook for the USA market remains extremely positive,” said Vipul Mathur, Managing Director and CEO, Welspun Corp Limited.
Welspun Tubular LLC is a provider of line pipe solutions including High Frequency Welded pipe, Submerged arc Welded Helical pipe, internal and external coating, logistics and yard and project management services.
“Foreign direct investment is a key part of our economic development strategy in Arkansas, and it has paid off today with a significant investment from Welspun Tubular,” noted Clint O’Neal, Executive Director of the Arkansas Economic Development Commission (AEDC). “Thank you to the leadership team at Welspun for your investment and your confidence in Arkansas, we look forward to seeing your continued growth at the Port of Little Rock.”
“The Chamber maintains a decades-long relationship with Welspun, dating back to the work it took to land the company’s first investment in 2007,” added Jay Chesshir, President and CEO of the Little Rock Regional Chamber. “Welspun and its executives have become more than colleagues, they have become friends, and we thank them for this latest announcement, a significant investment that will impact hundreds of lives across our region.”
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