BUZZ-Turkey's Borusan Boru gains on announcing $68 mln investment in US

** Borusan Boru BRSAN.IS gains ~6%; among top 3 performers on Istanbul's BIST-100 .XU100 index

** Pipe manufacturer announces $68 mln investment in U.S. over next two years

** Looks to capitalize on benefits of local manufacturing over imported alternatives; targets 150,000 tons of additional annual volume

** Seeks to establish itself as sole domestic manufacturer using modern manufacturing tech in U.S.

** Yusuf Dogan, Head of Global Markets Research at Info Yatırım, says logistical proximity, to reduce costs and delivery times, acting as positive multiplier for U.S. market

** Adds investment will increase BRSAN's market share, profitability and competitiveness

** Brokerage Halk Yatırım expects announcement to positively reflect on shares

** Stock set to snap six-session losing run

** YTD, BRSAN down 24.53%

(Reporting by Miraç Eren Dereli, Canan Sevgili)

((miraceren.dereli@thomsonreuters.com))