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Northwest Pipe Beats Estimates

by tubelinks on 03/22/2013 - 09:20 pm
Tag: Press Release

Welded steel pipe maker - Northwest Pipe Co. reported fourth-quarter 2012 earnings of 48 cents per share, topping the Zacks Consensus Estimate of 28 cents and surpassing the year-ago quarter's earnings of 15 cents. Profit propelled roughly three-fold year over year to $4.5 million on higher sales.

 

For full-year 2012, earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.52 and were higher than $1.35 a share recorded a year ago. Profit surged 28% year over year to $16.2 million as higher sales from Northwest Pipe's Tubular Products segment offset a decline in the Water Transmission unit.

 

Revenues jumped nearly 16% year over year to $136.2 million in the fou ...

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Tube 2014 Plastic tubing: Market Shar...

by tubelinks on 03/17/2013 - 07:23 pm
Tag: Press Release

Consisting of approximately 60 companies with an annual turnover of roughly EUR 3.7 billion and about 13,500 employees, the plastic tubing industry doesn’t represent a huge slice of the German economy. By way of comparison, the German plastics industry as a whole, including producers, processors and equipment manufacturers, realises annual turnover of over EUR 70 billion. However the plastic tubing industry plays an important role in the construction and maintenance of gas and drinking water supply systems, sewers and sewage pipes, as well as sanitary and heating  systems. Other significant application areas for plastic tubing systems can be found in chemical, pharmaceutical ...

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Benteler Steel/Tube Receives National...

by tubelinks on 03/17/2013 - 06:56 pm
Tag: Press Release

A leading national site selection magazine has honored Benteler Steel/Tube with one of its 2012 Corporate Investment and Community Impact awards. 

 

Benteler is the German-based company that’s building a $900-million hot rolling tube mill at the Caddo-Bossier Port. When fully operational, the mill is expected to create 675 new direct jobs paying an average annual salary of $50-thousand plus benefits. 

 

More than 400 projects from throughout North America were submitted for the Trade and Industry Development awards. 

Tianjin Pipe Mill Could Start Some Pr...

by tubelinks on 03/17/2013 - 06:52 pm
Tags: Press Release, Projects

Tianjin Pipe Co. expects to move into the first phase of its new mill near Gregory this summer, a company official said.

 

TPCO America, which now has just six full-time workers, is in the process of hiring up to 35 more for the initial phase of the $1 billion plant, Director of Administration J.J. Johnston said.

 

The first phase, occupying 185,000 square feet, will take existing pipe and remanufacture it. It could ramp up to 120 employees by the end of the first full year of production, Johnston said.

 

TPCO interviewed the top 60 job candidates from a hiring fair in November. A few of the positions are tough to fill, requiring employees with steel manufacturing exper ...

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OMK Opens Houston Pipe Mill

by tubelinks on 03/04/2013 - 11:58 pm
Tag: Press Release

Russia-based OMK (United Metallurgical Company) held a ribbon-cutting ceremony to open its new pipe-manufacturing facility in northeast Houston. The US$100 million investment was made in response to rising demand for oil country tubular goods (OCTG), especially by strong demand in North America’s shale plays.

The new pipe mill sits on a 75-acre property with access to rail, and is three miles from its sister company, Tubular Solutions Inc., which processes and finishes pipe tubes into OCTG.

 

The mill was built in record time, nine months. Starting in March 2012, construction was completed the following December. The facility’s first pipe run was December 19 last year, an ...

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Jiangsu Changbao Steel Tube Posts 10....

by tubelinks on 03/03/2013 - 11:49 pm
Tag: Press Release

Chinese steelmaker Jiangsu Changbao Steel Tube Co. Ltd has announced its financial results for 2012. Accordingly, in 2012 Changbao Steel Tube achieved an operating revenue of RMB 3.435 billion (USD 547 million), down 7.64% while its operating profit amounted to RMB 253 million (USD 40 million), down 22.58%, both on year on year basis. In addition, the company's operating expenditures (sales, management and financial costs) rose 26.72% year on year in 2012.

Changbao Steel Tube's net profit in the given year totaled RMB 206 million (USD 33 million), with a decrease of 10.1 percent compared to its net profit of RMB 229 million in 2011.

In 2012, the sales revenue and gross profit margin for oi ...

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