TPi September 2013

business & market news

Radius acquires pipe rehabilitation specialist

partner in Deloitte’s restructuring services team, said, “We are pleased to secure this deal. It will ensure that the services provided by Subterra continue, and helps protect the jobs of Subterra employees. This latest agreement means that the vast majority of jobs at Daniel and Land & Marine have now been safeguarded.” The UK business will trade as part of the RadiusPLUS service company, and the Subterra brand will continue to be used in connection with the pipe lining technologies.

Radius Systems by the Russia-based Polyplastic Group in February this year. Our new owners have had no hesitation in supporting this transaction, which is consistent with our agreed strategy to complement our core pipe and fittings business with closely associated products, services and technologies, and in so doing enhance our value added to our customer base. We are extremely pleased to add the Subterra technologies to our portfolio, and look forward to welcoming a skilled and dedicated workforce into the Radius/ Polyplastic family.” Bill Dawson, joint administrator of Daniel Contractors Ltd and Land & Marine Project Engineering Ltd, and

Radius Systems, a UK supplier of PE pipes and fittings to the gas and water utilities sector, has acquired the assets of the Subterra pipeline reparation business from the administrators of Daniel Contractors for an undisclosed sum. Subterra is a provider of polyethylene pipe renovation solutions including epoxy and polyurethane resins for the spray coating of metallic pipes and the Subline and Rolldown relining technologies. The company operates from two facilities in Dorset, UK. Radius Systems CEO Andy Taylor commented, “Subterra is our first acquisition following the purchase of

Radius Systems Ltd – UK sales@radius-systems.com www.radius-systems.com

Interpipe declares Iraq ambitions Steel pipe manufacturer Interpipe is establishing a local support team based in Basra, following approval from South Oil Company (SOC), one of the major fundamental formations of Iraq National Oil Company (INOC), as a preferred supplier for the country.

potential of Iraq will be realised over the next few years and Interpipe aims to contribute significantly to driving the Iraqi infrastructure, economy and development.” Andrey Burtsev, the company’s regional director of market development, said, “The approval from South Oil signifies Interpipe’s commitment to Iraq, which has the potential to reclaim its historical position as one of the most prosperous economies in the Middle East. With the National Development Plan well under way, we expect to see early signs of success in Iraq from our efforts in the latter half of 2013.” Interpipe has also appointed a local partner in Basra, Al Nukhba Oil Field Services, to provide company facilities and fulfil on-the-ground security requirements.

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Interpipe has appointed a new Iraq country manager with immediate effect, based in Basra. Following several meetings in Iraq with South Oil and a lengthy audit of its steel mill in Ukraine, the approval allows Interpipe to participate in local tenders. The meetings in Iraq also saw a tour of the oil fields due to the increasing need to provide a better service of transporting and stocking pipes from the ports. Duncan Pell, regional director for MENA and Asia, Interpipe ME, commented, “The development of Interpipe in Iraq is part of our overall growth strategy across the wider Middle East and Africa region. Whilst at the World Economic Forum in Jordan, it was clear that the

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Tube Products International September 2013

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