TPT-January-2015

Industry News

Corporate ID and new web design underscore successful merging

After the acquisition of Seuthe, investments were made that included a complete in-house production facility on new premises. Tube and section welding lines are now exclusively manufactured in Germany. Knowledge collected across more than 115 years was brought to the latest technology, by new staff and a new manager – Mauritz von Reden. Reflecting the importance of the North American market, Asmag Group opened a subsidiary, Asmag USA, Inc, in Chicago at the beginning of 2014. Asmag’s robust design of straighteners and Seuthe’s sophisticated FCF cage forming tube mill technology have quickly found their place in the US market.

tube mills have been providing extensive know-how and engineering ability since the Austrian Asmag Group acquired Seuthe, Germany, four years ago. Asmag and Seuthe rarely sell off-the- shelf products, although they have more than 100,000 drawings in their archives. Most solutions are developed to the specification of, and in close cooperation with, the customer.

ASMAG and Seuthe are introducing a common corporate identity that is designed to visually demonstrate the fusion of the companies’ strengths and products. Both companies are available around the clock under the new design at their respective websites. The companies’ manufacturing ranges and their common strategic orientation as a one-stop equipment supplier for

Asmag and Seuthe’s new corporate identity on show at FABTECH 2014 in Atlanta

Asmag GmbH – Austria Fax: +43 7616 880144 Email: sales@asmag.at Website: www.asmag.at Seuthe GmbH – Germany Fax: +49 2372 506 111 Email: sales@seuthe.com Website: www.seuthe.com

Drill pipe market worth $1.7bn by 2019

recorded the largest market volume in 2013, at 171.74 thousand short tons. This segment is expected to grow from an estimated 179.09 thousand short tons in 2014 to 183.46 thousand short tons by 2019, at a CAGR of 0.5 per cent from 2014 to 2019. MarketsandMarkets is a global market research and consulting company based in the USA. It publishes strategically analysed market research reports and serves as a business intelligence partner to Fortune 500 companies around the world. The company also provides multi-client reports, company profiles, databases and custom research services. MarketsandMarkets – USA Website: www.marketsandmarkets.com

new well productivity, along with an increase in the rig count, have been the main drivers of the recent production growth in the US. The recent boom in shale gas could also promote a rapid expansion of the petrochemical sector. The US recorded the highest market size at a value of $490.2mn in 2013. It is expected to reach $828.2mn by 2019, from an estimated value of $560.3mn in 2014, at a CAGR of 8.1 per cent during the forecast period. The drill pipe market is segmented into two categories in terms of grade: API grade and premium grade drill pipe. TheAPI grade is based on specifications defined by the American Petroleum Institute (API) and follows the latest API specifications, 5D and 7. The drill pipe market for the API grade segment

THE report ‘Drill Pipe Market by Grade (API, Premium), Application (Onshore, Offshore) & Geography – Global Trends & Forecasts to 2019’, published by MarketsandMarkets, defines and segments the global drill pipe market with an analysis and forecast of the revenue. The report features 100 market data tables with 28 figures spread through 200 pages. The drill pipe market will grow from an estimated $1.17bn in 2014 to $1.7bn by 2019, with a CAGR of 7.9 per cent. The US market is driven by the major oil and gas exploration activities in major onshore areas, the Gulf of Mexico and Alaska. The US has experienced a rapid increase in natural gas and oil production from shale and other resources. High drilling efficiency and

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J anuary 2015