Forterra (FRTA) Reports Definitive Ag...

by tubelinks on 06/26/2017 - 05:32 pm
Tag: Press Release

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Forterra, Inc. (NASDAQ : FRTA) today announced it has entered into a definitive agreement to sell the U.S. concrete and steel pressure pipe assets of its Water Pipe and Products business segment to Thompson Pipe Group. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017. 

Under the terms of the agreement, an affiliate of Thompson Pipe Group will acquire assets related to five Forterra manufacturing facilities and a fittings facility. Forterra will receive approximately $23.2 million in cash, ex ...

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"Make Algoma Tubes Great Again" Hats ...

by tubelinks on 06/26/2017 - 05:16 pm
Tag: Press Release

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'Trump's message resonates with working class people,' says union president

United Steelworkers Union Local 9548, representing employees of Tenaris Algoma Tubes, have made hats that read: 'Let's Make Algoma Tubes Great Again' They look like those red Donald Trump-supporting ‘Make America Great Again’ ball caps, but instead of America they say, ‘Algoma Tubes’.

In March, the Tenaris Algoma Tubes United Steelworkers Union Local 9548, made up boxes of the ‘Let's Make Algoma Tubes Great Again’ hats in preparation for ...

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Enbridge to start construction this s...

by tubelinks on 06/23/2017 - 11:10 am
Tag: Projects

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Construction will start this summer on Enbridge's 1,700-kilometre Line 3 replacement pipeline, the largest project the company has ever undertaken.

Several pipeline projects have been proposed to pass through the Prairies, though this will be the first to proceed. The $7.5-billion Line 3 replacement from Hardisty, Alta., to Superior, Wis., was approved by Justin Trudeau's Liberal government last fall, at the same time as the Trans Mountain expansion.

Equipment is already being assembled in Hardisty, 200 kilometres southeast of Edmonton, where work on the Line 3 replacement ...

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Sigma invests USD$1m in facilities

by tubelinks on 06/23/2017 - 10:46 am
Tag: Press Release

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Sigma Components has invested over USD$1m in its manufacturing facilities in the UK and China to increase capacity and meet growing customer demand.

The investment includes specialist equipment to boost the aero-engine and airframe applications components manufacturer’s fabrication and pipe manufacturing capabilities. It has also led to the creation of over 50 jobs in Nuneaton, Hinckley and Farnborough.

Mark Johnson, founder and CEO of Sigma Components, said: “Our sites across the UK and China work hand in hand to offer a high-quality, local source for customer ...

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