TPi July 2009

news business & market

Pre-insulated pipe producer reports results

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 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 inCO 2 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 CO 2 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 CO 2 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

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. ”

Logstor A/S – Denmark logstor@logstor.com www.logstor.com

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.

Brisk business at the previous Fabtech event

photo courtesy of Chicago Visitor Bureau

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 information@fmafabtech.com • www.fabtechexpo.com

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July 2009 Tube Products International