wiredinUSA June 2014

INDEX

Andrew Norman , CEO of JDR

Cables in Brazil

Fastener acquisition

Subsea umbilicals and power cables provider JDR is opening a new service and maintenance facility in Brazil. The new facility, planned for the port city of Macaé, will be operational in the third quarter of 2014. JDR specialises in the design and production of steel and thermoplastic subsea production umbilicals, subsea power cables, and intervention workover control systems (IWOCS) as well as offering offshore and field services for the global oil and gas industry. Andrew Norman, CEO of JDR, said: “The addition of a Brazilian facility is a significant step toward achieving our global growth strategy and a significant milestone in the company’s development. “Our technologies have been at the heart of a number of significant subsea projects throughout the world and we believe that our expertise and our umbilical core competency lend itself to becoming a leading regional supplier of intervention and workover (IWOCS) products, production umbilicals and hydraulic flying leads (HFLs) that will be needed for pre-salt developments in Brazil.”

The German Würth Group has acquired US fastener distributor, Timberline Fasteners. Timberline has five branch locations in addition to its Commerce City, Colorado, head office. Würth Timberline will form part of the industry division as a sister company of Würth Industry of North America (WINA). The acquisition is a step towards Würth Group’s plans to double its US industry presence by 2020. The addition of Würth Timberline expands WINA’s presence in the western US and will extend market penetration and diversification. “As we implement our expansion plans, the geographical locations that Würth Timberline occupies will help us be a more complete supplier to our target customer base," said Marc Strandquist, executive vice president of the Würth Group.

EUROPE NEWS

wiredInUSA - June 2014

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