TPT-January-2015

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Industry News
8 January 2015
Corporate ID and new web design
underscore successful merging
ASMAG and Seuthe are introducing
a common corporate identity that is
designed to visually demonstrate the
fusion of the companies’ strengths and
products. Both companies are available
around the clock under the new design
at their respective websites.
The companies’ manufacturing ranges
and their common strategic orientation
as a one-stop equipment supplier for
tube mills have been providing extensive
know-how and engineering ability since
the Austrian Asmag Group acquired
Seuthe, Germany, four years ago.
Asmag and Seuthe rarely sell off-the-
shelf products, although they have more
than 100,000 drawings in their archives.
Most solutions are developed to the
specification of, and in close cooperation
with, the customer.
After the acquisition of Seuthe,
investments were made that included
a complete in-house production facility
on new premises. Tube and section
welding lines are now exclusively
manufactured in Germany. Knowledge
collected across more than 115 years
was brought to the latest technology, by
new staff and a new manager – Mauritz
von Reden.
Reflecting the importance of the
North American market, Asmag Group
opened a subsidiary, Asmag USA, Inc,
in Chicago at the beginning of 2014.
Asmag’s robust design of straighteners
and Seuthe’s sophisticated FCF cage
forming tube mill technology have
quickly found their place in the US
market.
Asmag GmbH – Austria
Fax: +43 7616 880144
Email:
Website:
Seuthe GmbH – Germany
Fax: +49 2372 506 111
Email:
Website:
Drill pipe market worth
$1.7bn by 2019
THE report ‘Drill Pipe Market by Grade
(API, Premium), Application (Onshore,
Offshore) & Geography – Global
Trends & Forecasts to 2019’, published
by MarketsandMarkets, defines and
segments the global drill pipe market
with an analysis and forecast of the
revenue. The report features 100 market
data tables with 28 figures spread
through 200 pages.
The drill pipe market will grow from an
estimated $1.17bn in 2014 to $1.7bn by
2019, with a CAGR of 7.9 per cent.
The US market is driven by the major
oil and gas exploration activities in
major onshore areas, the Gulf of Mexico
and Alaska. The US has experienced
a rapid increase in natural gas and
oil production from shale and other
resources. High drilling efficiency and
new well productivity, along with an
increase in the rig count, have been the
main drivers of the recent production
growth in the US. The recent boom in
shale gas could also promote a rapid
expansion of the petrochemical sector.
The US recorded the highest market
size at a value of $490.2mn in 2013. It
is expected to reach $828.2mn by 2019,
from an estimated value of $560.3mn in
2014, at a CAGR of 8.1 per cent during
the forecast period.
The drill pipe market is segmented
into two categories in terms of grade:
API grade and premium grade drill pipe.
TheAPI grade is based on specifications
defined by the American Petroleum
Institute (API) and follows the latest
API specifications, 5D and 7. The drill
pipe market for the API grade segment
recorded the largest market volume in
2013, at 171.74 thousand short tons.
This segment is expected to grow from
an estimated 179.09 thousand short
tons in 2014 to 183.46 thousand short
tons by 2019, at a CAGR of 0.5 per cent
from 2014 to 2019.
MarketsandMarkets is a global market
research and consulting company based
in the USA. It publishes strategically
analysed market research reports
and serves as a business intelligence
partner to Fortune 500 companies
around the world. The company also
provides multi-client reports, company
profiles, databases and custom research
services.
MarketsandMarkets – USA
Website:
Asmag and Seuthe’s new corporate identity on show at FABTECH 2014 in Atlanta