TPi April 2010

news business & market

Indian company unveils ERW precision tubes

The in manufacturing close tolerance tubes in the range of 19 to 80.1mm OD, with thickness range of 0.6 to 3.5mm, suitable for use in the automotive, light engineering, medical equipment, construction and furniture sectors. The company has installed high precision equipment from Germany to provide a complete solution for internal company specialises

fin scarfing. Grow Ever Steel can cater to customers’ specific requirements on an individual basis, and it also states that it can supply material within a maximum of 15 days from the date of order, of any size in the company’s range.

Grow Ever Steel manufactures ERW precision tubes (round, RHS and SHS) and tubular components, in a state-of- the-art factory located in Falta, India.

Grow Ever Steel (India) Pvt Ltd – India growever@groweversteel.com www.groweversteel.com

Greenville Tube reveals it has attained ISO 9001:2008 certification

system. The ISO certification shows our continuing commitment to providing our customers with the best.” Greenville Tube supplies a portfolio of stainless steel, duplex stainless steel, nickel, and super austenitic alloys for seamless and welded and drawn tubing with outer diameters (OD) as small as 3.18mm ( 1 / 8 "). Greenville can also custom manufacture tubing with OD ranging from 3.18 to 38.1mm, in various wall thicknesses, and lengths up to 18.3m.

Greenville Tube, a RathGibson company, is a manufacturer of small diameter, stainless steel and nickel alloy, seamless and welded and drawn tubing and pipe. The company’s ISO 9001:2008 management system certification acknowledges that Greenville has met and continues to meet a high standard of product development andmanufacturing. Along with the successful achievement of documentation management, effective

policies have been established to allow for streamlining all internal process steps, which lead to a better quality product. “Greenville employees are dedicated to meeting our customers’ needs for a high qualityproduct,”saidClintBlunier, general manager at Greenville Tube. “Along with industry leading quick turnaround times, all of our tubing is produced according to an ISO approved quality management

Greenville Tube – USA www.greenvilletube.com

Welspun Gujarat achieves $250mn capital market fund raising

Mr BK Goenka, chairman and managing director of Welspun, commented, “Successful placement of FCCB and QIP reiterates the trust and belief that the investors repose on us. This fund raising will pave way for the accelerated growth journey of Welspun and the company becoming one of the most respected pipe companies in the world.” Welspun Gujarat Stahl Rohren commenced activities in 1995, and has supplied pipes for prestigious projects including the world’s deepest pipeline project in the Gulf of Mexico, and other critical projects across the globe. The company’s plate and pipe plants are located in Dahej and Anjar in Gujarat, India. The company has also commissioned a pipe mill in Little Rock, Arkansas, USA. The manufacturing facilities incorporate hybrid JCO technology from Mannesmann Demag of Germany (SMS Meer).

Welspun Gujarat Stahl Rohren Ltd (Welspun), the line pipe manufacturer and flagship company of the Welspun Group, has successfully completed a US$250mn capital raising exercise. The capital raising was achieved by way of a $150mn Foreign Currency Convertible Bonds (FCCB) offering (placed in October 2009), and $100mn in the form of Qualified Institutional Placements (QIP) of equity shares, placed recently. The company’s largest ever capital market initiative was well received among domestic and institutional investors. The fundswill be used to invest for capital expenditure, retirement of high cost debt, investments in growth opportunities and other usage in accordance with applicable statutory and/or regulatory requirements. The new shares being issued under QIP will be listed on the Bombay Stock Exchange and National Stock Exchange, and the FCCBs are listed on the Singapore Exchange. JP Morgan has acted as the sole book- runner for both FCCB and QIP.

Welspun – India www.welspun.com

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April 2010 Tube Products International