TPi July 2018

Business & market news

Strengthening partnership for distribution in Southeast Asia

group’s Tecninox and Petrol Raccord production plants. By expanding its stock availability to include welded pipes from Butting, Raccortubi will be able to broaden its offer in the Southeast Asian market for the supply of complete packages of fittings, flanges and pipes, both in seamless and welded execution. Customers in the area will be able to obtain pipes produced and accepted in accordance with ASTM A928 class 1, with short delivery times, in line with the two companies’ common goal of improving efficiency in fulfilling short- term requirements for welded pipes in the region through a reinforced local presence. Luca Pentericci, president of Raccortubi, stated, “Our presence in various markets supported by our own internal production is further enhanced by this partnership in a challenging and demanding market such as Singapore and the other ASEAN countries.”

initially feature duplex pipes – 10S and 40S wall thickness, sizing from 219.1 to 508 – to be exclusively available to customers from the Association of Southeast Asian Nations (ASEAN). It will also stock fittings (elbows, tees and reducers) in the same grades and dimensions, manufactured at the

Raccortubi has announced its partner- ship with Butting for the distribution of longitudinally welded Butting pipes in Southeast Asia. In particular, Raccortubi Singapore has been appointed as sole distributor of Butting pipes in the area.

Raccortubi stock in Singapore will

Raccortubi Group – Italy export@raccortubi.com www.raccortubi.com

Butting managing director Norbert Heinzle (left) and Luca Pentericci, president of Raccortubi

TechnipFMC and Magma Global in strategic collaboration for hybrid flexible pipe

adoption of carbon composites in full field developments, paving the way towards Magma’s long-term vision of an all-composite subsea infrastructure from the seabed to the surface. Ultimately we will deliver that by continuing to offer the unique benefits of Magma’s m-pipe to a wide range of industry players and applications.”

at TechnipFMC, stated, “I am pleased we have reached this agreement with Magma, which will further enhance TechnipFMC’s Subsea 2.0 product platform. The lighter, higher performance, and more cost-effective HFP solution will enable TechnipFMC to strengthen its leadership position in the flexible pipe business and address the new challenges of offshore deep-water fields.” Magma Global CEO Martin Jones said, “We are delighted to be working with TechnipFMC and believe that their vision for a hybrid flexible product provides a logical step for the increased

TechnipFMC has agreed the terms of a collaboration agreement with Magma Global Ltd to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications. HFP is expected to provide increased strength and fatigue performance, while also achieving weight and cost reductions, for subsea fluid transport applications. As part of the collaboration, TechnipFMC is purchasing a minority stake in Magma Global. Barry Glickman, president of engineer- ing, manufacturing and supply chain

TechnipFMC plc – UK www.technipfmc.com Magma Global Ltd – UK sales@magmaglobal.com www.magmaglobal.com

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TUBE PRODUCTS INTERNATIONAL July 2018

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