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PTC Seamless Tube Corp. to Bring $102...

by tubelinks on 08/30/2013 - 06:13 pm
Tags: Press Release, Projects

PTC Seamless Tube Corp., a subsidiary of PTC Group Holdings Corp., plans to create up to 283 jobs in Hopkinsville, where the company expects to invest more than $102 million to establish a manufacturing operation, Gov. Steve Beshear announced.

“With 283 new jobs and more than $102 million in investment, PTC Seamless Tube Corp. will have a long-lasting impact on the Hopkinsville community and the commonwealth as a whole,” Gov. Beshear said. “Kentucky’s high quality workforce and ideal strategic location will play key roles in building a solid future for PTC in the commonwealth.”

PTC’s renewed focus on Hopkinsville represents a shift in the company’ ...

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Daewoo in Istanbul to Import SS Pipes...

by tubelinks on 08/29/2013 - 08:10 pm
Tag: Press Release

The Istanbul branch of South Korea's largest trading company Daewoo International Corporation has said that, following the antidumping duty order imposed by Turkey on stainless steel pipe imports from China and Taiwan, the company has decided to focus on importing stainless steel pipes to Turkey at the best possible prices in cooperation with South Korean producers. An Istanbul branch official said that the company is entering the Turkish market with three South Korean producers and that they will supply stainless steel pipes for a wide range of industries. In April 2012, the Turkish government initiated an antidumping (AD) duty investigation regarding stainless steel pipe imports from China ...

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Russian Pipe Firm TMK Posts Sharp Dro...

by tubelinks on 08/29/2013 - 08:08 pm
Tag: Press Release

TMK, Russia's largest maker of steel pipes for the oil and gas industry, posted a 53 percent fall in second-quarter profit from the prior quarter, citing foreign exchange losses, and forecast steady profit for the full year.

TMK, controlled by businessman Dmitry Pumpyansky, runs divisions in Europe and the United States, where weaker pipe prices took a toll on its balance sheet.

"Based on the activities observed through August, TMK reiterates its outlook for the full-year 2013 and, despite some usual slowdown in the third quarter, expects the financial performance for 2013 to approximately maintain at the level of full-year 2012 results," the firm reported.

TMK posted second-quarter net p ...

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Baosteel Supply Stable Batch of Varia...

by tubelinks on 08/29/2013 - 08:04 pm
Tag: Press Release

In the first half of this year, Baosteel variable wall thickness continuous oil pipe steel realized the steady supply quantity of more than ten thousand tons and all is exported to the foreign market. The variable wall thickness continuous oil pipe is mainly used in operation area of the oil field. Compared with the continuous oil pipe of the traditional equal wall thickness, the variable wall thickness continuous oil pipe can serve to increase the operating depth and improve the operating life. It is the main direction of the technical development of the continuous oil pipe. In 2011, after the users put forward the requirements, Baosteel made rapid response to give full play to the consiste ...

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JSW Steel Seeks to Sell US Plant as D...

by tubelinks on 08/26/2013 - 09:51 pm
Tag: Press Release

JSW Steel Ltd, India’s third- biggest steel maker, will consider selling its US mill complex to help reduce debt and boost earnings as a revival in the world’s biggest economy spurs demand.

“The company will start looking for buyers once the plant has turned around,” joint managing director Seshagiri Rao said in a phone interview. JSW Steel, 15% owned by Japanese steel maker JFE Holdings Inc., had Rs.21,690 crore ($3.4 billion) of debt as of 31 March, according to data compiled by Bloomberg.

 



“A sale will help chairman Sajjan Jindal lower liabilities and boost earnings margins. The boom in shale gas production and a consequent revival in economic gr ...

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Axis Pipe And Tube Breaks Ground On N...

by tubelinks on 08/26/2013 - 09:48 pm
Tag: Press Release

Nearly 300 new jobs are coming to Bryan soon as the biggest private manufacturer for Brazos County broke ground for a new steel mill in August.

A record big business is coming to Bryan as Axis Pipe And Tube starts construction on a state-of-the-art steel mill plant at Texas Triangle Park off Highway 6 and F-M 2818.  In the short term it means at least 285 jobs with upwards of 500 indirect and direct position within the next ten years.

"Axis will be producing 300,000 tons per year of ER-W pipe and tube basically for the oil and gas industry," explained Francisco Garza, who is the Vice President and General Manager for Axis Pipe and Tube as well as Prolamsa  Group.

They will be w ...

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Tenaris Profit Drops 5.6% as Tube Sal...

by tubelinks on 08/08/2013 - 07:48 pm
Tag: Press Release

Tenaris SA's second-quarter earnings fell 5.6% as the producer of steel casings and pipes for the energy industry reported weaker tube sales in North America and Europe.

The Luxembourg-based company has been benefiting as oil-and-gas exploration and production increasingly focused on deepwater and alternative shale-energy fields. Tenaris's sales trends had weakened in recent quarters amid commodity-price volatility.

Tube sales in North America--the biggest top-line contributor--slipped 22% from a year earlier to $986 million. European sales were down 24%, while South America sales jumped 21%.

Overall, Tenaris reported a profit of $429.6 million, or 71 cents per American depositary share ...

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TransCanada to Build Pipeline to Atla...

by tubelinks on 08/06/2013 - 07:42 pm
Tag: Press Release

Pipeline company TransCanada reported it will proceed with a $12 billion plan to pipe 1.1 million barrels of oil per day from Western Canada to the country’s Atlantic coast — moving enough oil to replace all imports in Eastern Canada and still have enough left for exporting crude overseas.

The announcement of the Energy East pipeline comes as TransCanada faces stiff environmental opposition to its proposed Keystone XL pipeline from Alberta to refineries in Texas. President Barack Obama’s initial rejection of Keystone XL went over badly in Canada, which relies on the U.S. for 97 percent of its energy exports.

The pipeline, the most expensive in TransCanada’s history, ...

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