TPi October 2011

business & market news

$97mn in orders from Venezuela and Ecuador Wuxi Seamless Oil Pipes Company Limited (WSP China), a subsidiary of WSP Holdings Limited, a Chinese manufacturer of API and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction, has received $97mn in new orders from oil companies in Venezuela and Ecuador. these, non-API casing pipe accounts for $48mn, or 60% of the total. The company expected to complete delivery of these orders by the end of September 2011.

Mr Longhua Piao, chairman and CEO of WSP Holdings. “This speaks to the high performance characteristics of our API and non-API products and ability to compete in the global OCTG market. Once the hot-rolling lines in our Thailand plant and the heat treatment line in Houston begin commercial production in the third quarter of 2011, we expect to see an increase in sales to North America. On the whole, we expect our international market share to increase as brand awareness of our products in North and South America and other parts of the world continues to expand.”

In addition, WSP China received a new purchase order from Petroamazonas EP, a state-owned oil corporation in Ecuador. The purchase order is for a total of 9,063 tonnes of API casing pipe and 1,110 tonnes of non-API tubing pipe, worth approximately $16.4mn. The company expected to complete delivery of this order by the end of July 2011. “We continue to make inroads into South America by securing these sizable orders in Venezuela and Ecuador,” said

WSP China received 22 new purchase orders for API and non-API casing pipe, API tubing pipe, line pipe and connectors from PDVSA Services BV, a state-owned hydrocarbons company in Venezuela. The new purchase orders are for a total of 37,705 tonnes of API and non-API casing pipe and API tubing pipe and 4,600 tonnes of line pipe, worth approximately $81mn. Among

WSP Holdings Limited – China info@wsphl.com www.wsphl.com Titanium piping distributor extends range

Titan works together with renowned manufacturers worldwide who specialise in these materials. The company supplies through its extensive stocks, or for larger quantities and longer deliveries through major titanium and nickel manufacturers.

and engineering companies as well as direct supply to the major oil and gas industries. Titan has an extensive stock range of titanium metal plates, rods, sheets, strips and welding rods in CP grades as well as in Ti6Al4V grades. Its supply range includes nickel, Inconel, Monel, Incoloy, extruded aluminium fin-tubes, heat exchanger tubes and MMO coated titanium anodes.

Titan Engineering Pte Ltd is a Singapore-based stockist and distributor of titanium metal and alloy materials to various industries, including aerospace, marine, oil and gas, chemical processing factories and precision engineering companies. Complete packages of titanium pipes, flanges/forgings, plates, bars and fittings are supplied to the fabrication companies, contractors

Titan Engineering Pte Ltd – Singapore

sales@titanium.com.sg www.titanium.com.sg

Crane Co acquires WT Armatur Crane ChemPharma Flow Solutions™, a provider of highly engineered products for fluid handling applications, has announced its acquisition of German valve manufacturer WT Armatur Gmbh & Co KG (WTA). Founded in 1978 and located in Maxdorf, Germany, WTA specialises in the production of bellows sealed globe valves and speciality change-over valves. commented Tom Pozda, the company’s president. “The addition of WTA’s bellows sealed globe valve complements our existing product offering of low fugitive emission valve technology and aligns directly with our objectives of providing solutions for demanding chemical and petrochemical applications. We are excited to offer WTA products worldwide leveraging our combined global sales networks.”

sleeved plug valves, lined valves, high performance butterfly valves, aseptic and industrial diaphragm valves, actuation, lined pipe, fittings and hoses, and air operated diaphragm and peristaltic pumps. The company’s fluid handling solutions are designed for demanding corrosive, erosive, and high purity applications within the chemical, biotechnology and pharmaceutical industries.

“This acquisition expands the Crane ChemPharma Flow Solutions product portfolio of highly engineered valves for the global chemical industry,”

Crane ChemPharma Flow Solutions designs and manufactures a variety of high performance products, including

ChemPharma Flow Solutions – USA www.craneflowsolutions.com

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Tube Products International October 2011

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