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(AMM) WSP pipe mill in Thailand may supply OCTG to US
April 20, 2010 - 23:06 GMT
WSP Holdings Ltd. isn?t letting a U.S. trade action against imports of oil country tubular goods (OCTG) from China get it down. In fact, it would appear that the Chinese pipe and tube manufacturer might now be using those very trade barriers as a marketing tool.
WSP Holdings boasts that a new Thai subsidiary, WSP Pipe Co.
Ltd., is due to come online in December 2010. The Chinese pipe
and tube manufacturer established the company "to supply green
pipe to international markets," it said in a recent investor
presentation. The facility, which will have two hot-rolling
lines and an annual capacity of 200,000 tonnes per year, will
thus make the duties on OCTG from China pretty much a moot
An improved outlook in North America could also
significantly boost the company's performance in the United
States, the company noted.
Green pipe can be upgraded into finished OCTG. That means
the Thai facility could prove essential in keeping WSP in the
U.S. OCTG market and should fit...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
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