TPi July 2009

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July 2009 Tube Products International 9
news business & market
Fabtech International &
AWS Welding Show
The FABTECH International and AWS Welding Show, including METALFORM,
will be held at McCormick Place, Chicago, 15-18 November.
35,000 visitors are expected to converge in both the North and South Halls of
McCormick Place, and this year’s combined event brings over 900 exhibits,
industry innovators, and hundreds of live equipment demonstrations among
pavilions dedicated to forming and fabricating, stamping, welding, tube and
pipe, lasers, and
thermal spray.
Attendees can also take advantage of a unified educational curriculum during
the 2009 event, featuring a variety of technical seminars, conferences and
professional programmes. From metal forming, fabricating, tube and pipe
and welding technology to economic, operation and management issues, the
programming at the event has been coordinated to provide the latest and most
up-to-date information needed to successfully operate in every aspect of the
industry.
Three days of free special event programming will feature keynote presentations
and drill down sessions covering topics ranging from workforce development,
diversifying operations, financing/credit and tax incentives to opportunities in
the wind, solar and oil and gas supply chain.
Additional show information, including a list of exhibitors, education programme
schedule, special events and more can be found at the event’s website, where
visitors can also save $50 by registering in advance.
Fabricators & Manufacturers Association International – USA
•
Brisk business
at the previous
Fabtech event
Logstor is a manufacturer of pre-
insulated pipes for the energy-efficient
transportation of gases and liquids for
district heating and cooling, oil and gas,
solar, marine and industrial purposes.
The company provides products that
contribute to reductions inCO2 emissions
and improved energy efficiency, and has
delivered more than 150,000km of pre-
insulated pipes to date.
Logstor continued its growth and
development plans in 2008 in Europe
and abroad. Turnover grew by 3% to
DKK 2.4 billion during the year, with
EBITDA of DKK 286 million. The results
demonstratethat,despitethechallenging
economic environment and investment
climate, Logstor continues to see a
growing demand for its environmental
and energy saving product solutions.
Preben Tolstrup, CEO of Logstor,
commented, “2008 has been a
challenging year for the Logstor Group.
We have presented a result reflecting
the difficult situation of the present
market and we have had to deal with
very volatile raw material prices and
fluctuations in exchange rates, which
have had a negative impact on our
results. In order to better meet the
difficult market situation we made
various structural adjustments to the
Group in October 2008.
“We have experienced an increased
confidence in that district heating and
district cooling energy distribution
solutions will greatly contribute to an
improvement of global energy efficiency
and consequently in a reduction of
CO2 emissions. The EU directive for
renewable energy, which was adopted
in December under the presidency of
France, specifically emphasised district
energy as an important contributor in
EU’s ambitious CO2 reduction target
for 2020. We are convinced that the
future energy efficiency initiatives and
programmes in Europe and around the
world will have a very positive impact
on our sales.
“As the Middle East is adopting district
cooling as its primary technological
solution to improve energy efficiency,
we believe that Logstor, via its current
investment in Dubai, will secure a
favourable position in that particular
Pre-insulated pipe producer
reports results
region as well. Another step in our
geographic expansion in 2008 was the
opening of an office in Russia in order to
position the company for the expected
high market growth following the market
entries by western energy and utility
companies into the power and heat
supply sector, where a large privatisation
process was completed in the middle
of 2008. ”
The Group’s two other divisions – Oil &
Gas and Industry & Marine – delivered
solid results for 2008, albeit experiencing
significant demand swings and changes
over the year.
The twodivisions areprepared for difficult
market conditions in 2009 and have
increased their product development as
well as intensified customer focus.
Logstor A/S – Denmark
photo courtesy of
Chicago Visitor Bureau