TPi January 2018

business & market news

New Victrex CEO to execute growth strategy Jakob Sigurdsson joined Victrex in September 2017 as CEO-designate, and became CEO on 1 October, succeeding Dave Hummel, who retired after 24 years as CEO. Driving polyetheretherketones such as Victrex™ PEEK into new applications in a range of key industries, including automotive, aerospace, electronics, energy, manufacturing and engineering, and medical has seen good progress over the past 24 years with Dave Hummel as chief executive.

Mr Hummel said, “Jakob joins Victrex at a good time for the business as we continue to perform well.” Mr Sigurdsson commented, “It is a privilege to become the chief executive of such a highly regarded global company. “I look forward to executing on growth opportunities over the coming years for Victrex, as well as for our partners and customers.” Victrex plc – UK customerservice@victrex.com www.victrex.com

Victrex, headquartered in the UK, deliv- ers a wide range of high-performance polyaryletherketone (PAEK) polymer- based materials and technologies, from new polymers to product forms such as film, piping and UD-tape, as well as selected parts for applications that include gears and dental discs. Chairman Larry Pentz said, “I am delighted that Jakob has joined Victrex. With his track record of making markets and delivering growth, the board believes he is a strong fit for Victrex, as we focus on executing our polymer, forms and parts strategy over the coming years.”

Jakob Sigurdsson Photo credit: © Victrex

Teletest business transfer to Eddyfi opens new opportunities

very happy to welcome a fourth brand and the guided wave science to Eddyfi Technologies. In particular, this high- end yet proven and established science will nicely complement our Lyft ® pulsed eddy current platform to improve our corrosion solutions portfolio. “In addition, we believe that access to the global Eddyfi Technologies sales network, as well as significant investment in R&D and new product development, will deliver new possibilities for Teletest for the benefit of our customers and the industry.” Plant Integrity staff involved in the product portfolio acquired by Eddyfi Technologies have transferred to the new Eddyfi Teletest business unit and will relocate to a new site in Cambridge, UK. Staff in the USA will relocate to Eddyfi Technologies’ office in Houston, Texas. Eddyfi Technologies – Canada www.eddyfi.com

instruments, WaveScan software and transducer rings, including rental, calibration and repair, together with CSWIP LRUT training and support, will be provided by Teletest as part of Eddyfi Technologies. The long-range ultrasonic inspection services activities of TWI and Plant Integrity, including collaborative and industrially sponsored projects, are not included in the business transfer. Plant Integrity will continue to deliver inspection, consultancy and R&D services worldwide. TWI director of technology Aamir Khalid commented, “This transaction completes the story for TWI. TWI developed the Teletest guided wave equipment and now passes it to a reputable industry player to productise it further and realise the full potential of the science that we developed.” Martin Thériault, president and CEO of Eddyfi Technologies, said, “We are

With effect from 13 October 2017, Plant Integrity Ltd – a wholly owned subsidiary of TWI – sold its Teletest ® equipment business to Eddyfi Technologies, a specialist in advanced non-destructive testing solutions. Plant Integrity and TWI have developed, manufactured and commercialised the Teletest guided wave ultrasonic testing system for detecting corrosion in pipes and pipelines over the past 20 years. The business transfer is a result of growing demand for the Teletest suite of equipment, and an opportunity to substantially expand its application. It will offer clients continued service, while allowing accelerated Teletest product development to meet growing and complex industrial need. The new Teletest business unit created by Eddyfi will design, manufacture, sell and service guided wave equipment globally. Sales and service for Focus

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TUBE PRODUCTS INTERNATIONAL January 2018

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