[INDUSTRY NEWS]
Allseas Marine and our enlarged footprint in Malaysia. Looking ahead to FY2014, we will continue to actively look for opportunities to expand our operations into Asian markets through strategic acquisitions and collaborations,” reiterated Mr Teo. As part of these regional expansion plans,
the Group had entered into a framework agreement for the proposed acquisition of Lv Yang (Tianjin) Offshore Equipment Co. Ltd for S$3.5 million in March 2013. PRC- based Lv Yang is involved in the supply and manufacture of rigging and lifting equipment and provision of related services. Teo said, “Through Lv Yang, Gaylin
will gain a foothold in the PRC market. We are definitely excited about the potential business and growth opportunities that the company will bring.” As for its new facilities in Tanjung Langsat
in the State of Johor, Malaysia, the Group expects the full operations to commence within the second half of year 2013. y
WireCo Brazilian Subsidiary Enters into USD $20 Million Contract with SBM Off shore
> Lankhorst Euronete Brasil (LEB), a subsidiary of WireCo® WorldGroup based in Queimados, Rio de Janeiro, Brazil and specializing in the manufacturing of synthetic ropes for the offshore and maritime markets, has entered into a contract with SBM Offshore (SBM) to manufacture deep water mooring rope systems for their projects, FPSO Cidade de Maricá and FPSO Cidade de Saquarema. The approximate value of the contract is approximately USD $20 million. Both FPSO projects will be installed at the Lula field in the pre-salt region offshore Brazil. This contract follows LEB’s previous
success in agreeing to an approximately USD $80 million contract to supply Petrobras through 2015 for its projects. Rui Faria, Managing Director of
LEB, said, “We are honored to receive this order from SBM, which requires a fast track delivery. Our advanced product design, combined with our state of the art production technology, provides us an unmatched competitive edge for the benefit of our customers.” The supply contract includes about
150,000 meters of Cabral 512®, Lankhorst’s polyester deep water mooring rope, with 1,200 tonnes of minimum breaking load.
8 JULY-AUGUST 2013 WIRE ROPE EXCHANGE Jose Gramaxo, Chief Commercial
Officer of WireCo World Group, said, “We have become the market leader in supplying the important Brazilian offshore market with the world’s best deep water mooring synthetic ropes, and we see this as additional affirmation of our decision to establish production operations in Rio de Janeiro. y
Construction Underway for pewag’s North American Manufacturing Plant
> Thanks to the continued growth in North America, pewag chain has recently been able to re-invest in the USA and is currently building a new chain manufacturing plant in Pueblo, Colorado. Beginning in 2014, pewag will be the first European chain manufacturer to produce chain in the USA, bringing over 500 years of manufacturing experience to America! The plant will be constructed in two
phases over the next three years. Phase I will be comprised of approximately 30,000 square feet and phase II will be an expansion of the building to 50,000 square feet. Initially, pewag will manufacture traction chains used on cars, trucks, buses and heavy equipment. In the future, we plan to add additional product lines.
focused technical conference on the 21st May 2013, at the Grand Ball room, Mövenpick hotel Al Khobar, Saudi Arabia. The technical conference gave Bridon the opportunity to launch its partnership with Kanoo Machinery, its exclusive stockists of crane and industrial lifting products for Saudi Arabia, and firmly mark its position in the area. Bridon’s partnership with Kanoo
Machinery was launched publically at the conference with an introduction by Bob Jennings, General Manager, Kanoo Machinery, followed by an introduction by Steve Hodgkins, General Manager, Bridon Middle East. Bridon’s lead technical specialist, David
Hewitt, led the remainder of the event, conducting various training sessions over the course of the day. He covered key aspects of the steel wire rope industry, including design, testing, manufacturing and vital information on the best practices to ensure longevity of products and safety of personnel. Over 40 major drilling, steel, mining
pewag has been doing business in the
United States since 1975 and has built a strong foothold in the North American market over the years. Our customer’s support was a key catalyst in our commitment to build the new plant in Pueblo, Colorado. For more information, visit:
www.pewagchain.com. y
Bridon International Launches Exclusive Partnership with Kanoo Machinery at Customer- focused Technical Conference
> Bridon International, the global technology leader in the manufacture of steel wire and fiber ropes, hosted a customer-
and construction companies participated in the event, covering a broad spectrum of representatives from management to technical and ground personnel. The event proved to be an insightful and illuminating day and was well received by the customers involved. The customer interaction at the event also
gave Bridon a wider perspective of the market in Saudi Arabia. This provided the company with the understanding to recommend and supply unique specifications of its products to meet individual customers’ needs. David Hewitt, Technical Application
Specialist at Bridon, said, “The day was a success, with a really strong turnout. It was a great opportunity for us to further develop our in-depth understanding of our customers’ needs in this region, and to collaborate with them on tailor-made solutions for some of the toughest challenges they face.” In November 2012, Bridon opened a
£30 million state-of-the-art factory in the UK that is able to manufacture the largest
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