TPT March 2007

Industry News

Trumpf breaks ground on new laser building in Connecticut

Enventure acquires Triad Pipe & Steel Co

Trumpf Inc, USA, has begun construction on a new research and manufacturing facility that will be used to further develop new lasers. This high-tech facility – intended to expand the company’s production of laser resonators – will add 83,000ft 2 to the existing Trumpf premises in Farmington, Connecticut. The building will feature a new production hall designed for the manufacture of different types of CO 2 and solid-state laser

president and CEO of Trumpf Inc, “It is a concrete example of our long-term commitment to the community, the region, the market, and of course to our employees. The new building means new products, new markets, new jobs, and new opportunities for all of us.” Trumpf Inc is a subsidiary of the Trumpf Group, a privately-held company headquartered in Germany and recognised as a world leader in industrial laser production. In Connecticut, Trumpf manufactures

better fittings: from a leading manufacturer. Proven and used throughout the world. ERNE buttwelding fittings are made of alloyed and unalloyed steels, stainless steel and further materials. best connections: that means product availability, rapid response times and reliability in quality and delivery. Outstanding logistical capabilities and excellent service make ERNE FITTINGS a flexible partner for stockists/distributors and project specialists the world over. Enventure Global Technology, USA, has acquired Houston-based Triad Pipe & Steel Company, a supplier of specialty OCTG to the oil and gas industry. Owned by Shell Technology Ventures and Halliburton Energy Services, Enventure provides expandable tubular and drilling management solutions to operators worldwide. With the purchase of Triad, Enventure has recognised an opportunity to provide an added element of service to its customers. A leading provider of solid expandable tubular (SET ® ) solutions, Enventure say its customers will now have the same quick access to speciality pipe provided by Triad to its customers for over 25 years. Mr Robert Hinkel, president and chief executive officer of Enventure, said, “Triad took the conventional business of supplying oilfield tubulars and created a unique value proposition for its customers by offering outsourced supply chain services. Both companies’ cultures and product offerings complement each other, making this a great fit for our growth strategy.” Mr Gene Jorgensen, Triad’s president, claimed the acquisition would be mutually beneficial. He said, “Triad can now accelerate its growth beyond the Gulf of Mexico where we’ve been very successful. With access to Enventure’s established markets we will be better positioned. Additionally, Triad customers will benefit from the financial, technical and operating resources Enventure adds.” Enventure Global Technology – USA Fax : +1 281 552 2201 Email : info@enventuregt.com Website : www.enventuregt.com

precision laser cutting and punching machinery, and gas and solid-state laser resonators. With US sales revenue that grew to US$376mn in the last fiscal year, the company has invested US$15.1mn in local R&D in order to maintain a leading position in state-of- the-art laser technology. Says Mr Biekert, “This new building will help us maintain our leadership position in the laser industry, further expand our laser production, and stay at the forefront of laser research and development.”

› Trumpf management helping to lay the foundation of the new research and manufacturing laser facility in Connecticut

resonators, as well as a laser research lab and laser development department. The building will also house the company’s laser marking application and sales group and give the information technologies department a larger area for a state-of-the- art server room. “This new building means much more than just more space,” said Mr Rolf Biekert,

Construction of the new building is expected to be completed by the end of 2007, with an estimated cost of over US$20mn. The company hopes to open the building in early 2008. Trumpf Inc – USA Fax : +1 860 255 6424 Email : catherine.flynn@us.trumpf.com Website : www.us.trumpf.com

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M arch /A pril 2007