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...