Nickel alloy specialists Corrotherm International have expanded their global reach further with the recent opening of a new office in Perth, Australia. This is the fourth branch that has been set up by the company in the past twelve months.
With a head office is based in Hampshire, UK, and further longstanding offices in USA, Dubai, South Africa, and Korea, Corrotherm announced their expansion into South Korea, Abu Dhabi and Saudi Arabia during 2012, as well as the relocation of their American offices to Houston, Texas.
Through the new Australian office, Corrotherm will provide super alloys to a number of industries in the Asia-Pacific region, such as those in aerospace, automotive, chemical, marine, oil and gas, mining and petrochemical environments; these will be supplied in a number of forms including nickel alloy pipe, fittings, flanges, plates, bars, and welding consumables (as well as small quantities and bespoke one-off items made from nickel alloys).
“We have been expanding to maximise our opportunities in the market place and continue to grow as a company,” says Corrotherm’s CEO Jan Ward. “The Asia-Pacific region is our biggest growing market, and an Australian base ensures that we will be able to respond to, and effectively meet, the demands of our clients in this area,”
Jan is currently in Perth, overseeing the start up of the new operation and is very pleased with the response of the marketplace to their Australian presence. “We have been very lucky in that we have been able to put together an incredibly strong team with over 45 years of industry experience between them,” she added, saying: “Opportunities like this don’t come up often.”
Working from offices in St George’s Terrace in Perth, Corrotherm International, Australia comprises of Managing Director, Martyn Nuttall, Phil Lambert (Sales Manager ) and Marian Dias (Project Manager); all of whom will be entirely responsible for the Asia-Pacific operation, with the full support of the UK office.
To find out more about Corrotherm’s global operations, and its new office in Australia, visit the company’s website at www.corrotherm.co.uk
Magnetic Analysis Corporation (MAC) will be at this year’s Tube Southeast Asia show at Stand P35. MAC, now celebrating 85 years of manufacturing NDT systems for the metals industry, will be co-exhibiting with its Thai representative, Siam Charn Co., Ltd.
Featured equipment will include the MultiMac® Eddy Current test system, widely used to inspect non magnetic and magnetic tube for ID, OD and surface defects and the Echomac® FD-5 ultrasonic test system, designed to meet more demanding specifications.
Important applications for the MultiMac include detecting surface cracks, pinholes, and seam type defects in copper water tubing, and weld zone defects in seamless and alloy tube. The Echomac® FD-5 system detects longitudinal, transverse, and oblique defects in heat exchanger tube, heavy wall OCTG and other critical applications. MAC’s ultrasonic rotaries allow testing at high throughput speeds.
Both instruments include MAC’s high resolution, real time graphic presentations of test signals, thresholds and settings. Information will also be available on MAC’s auxiliary mechanics that provide proper positioning and handling of the test product, and on networking software for test result follow up and quality assurance.
MAC test systems are installed in major tube manufacturers world-wide and sales and service are provided in most areas by MAC’s Field Engineers and experienced Representatives.
EVRAZ North America announced Board approval of its plan to expand heat treat and threading capacity at its Calgary, Alberta, tubular facility. The multimillion dollar project, which will commence next month, includes expanding heat treat capacity by over 150 percent and threading capacity by about 40 percent. Work is expected to be complete in the fourth quarter of 2014.
"The Calgary expansions will allow us to offer a more comprehensive product portfolio to meet growing needs for premium OCTG products," said Tigran Atayan, Executive Vice President–Tubular Products Group for EVRAZ North America. "This project, as well as the premium threading line expansion already underway at our Red Deer facility, demonstrates our strong commitment to customers in Western Canada."
EVRAZ tubular facilities manufacture a wide range of oil country tubular goods, including carbon and alloy products and premium connections, as well as small and large diameter line pipe, all of which meet or exceed standards set by the American Petroleum Institute (API). In addition to Red Deer and Calgary, EVRAZ operates pipe-making facilities in Regina, Saskatchewan; Camrose, Alberta; Portland, Ore.; and Pueblo, Colo.
A California-based company announced it will expand its operations and build a new facility near Cheyenne.
Searing Industries, based in Rancho Cucamonga, Calif., will construct a new 200,000-square-foot building in the Swan Ranch Rail Park. Workers there will make welded steel tubing.
The rail park, located southwest of Cheyenne and west of Interstate 25, is a Granite Peak Development industrial park.
The plant will have some of the latest equipment like a state-of-the-art tube mill. It converts raw steel material in coil form to round, square and rectangular tubing.
About 50 people will work there at first. A few key employees will come from the California operation, but the company plans to hire local people for jobs in maintenance, for the office and shipping areas, in forklift operations, and as electricians and general laborers, company President Lee Searing said Friday.
Richardson Construction of Cheyenne, the project’s general contractor, has started to build the new facility. Work should be done in August or September.
“We think this a really good thing for Cheyenne, and we’re very pleased,” said Randy Bruns, chief executive officer of Cheyenne LEADS. The private, not-for-profit group is the economic development arm for the city of Cheyenne and Laramie County.
Cheyenne LEADS partnered with Granite Peak Development to create an incentive package to help Searing Industries with its expansion.
The facility will be about two-and-a-half stories tall and about the size of Sierra Trading Post, which is located in the Cheyenne Business Parkway on the east side of town, Bruns said.
The steel tubing company’s products can be used on such things as motorcycles and the framework of an office building.
The late Richard Searing and sons Lee and Jim Searing created Searing Industries in 1985.
The elder Searing was one of the first employees to run a tube mill in the United States, dating back to 1948. He owned three tubing operations before he and his sons started Searing Industries. When he died in 1998, the company continued with the brothers’ leadership.
“We look forward to the opportunity to expand into the Cheyenne community and continuing to service clients from the Cowboy State,” Lee Searing said in a news release.
The company did not disclose how much the facility will cost.
Searing Industries is one of the country’s most respected and sought-after manufacturers on the West Coast, according to a news release from Cheyenne LEADS.
The new facility is being built on land served by rail lines. BNSF Railway operates a rail service there now, and Union Pacific Railroad will do so in the future.
Searing Industries would not have come here without access to rail service and without Granite Peak Development, Bruns said.
Company officials had considered other sites, Lee Searing said Friday. He agreed that access to rail service is a big plus.
“We are extremely excited about the opportunity to grow Searing Industries,” Searing said.
Construction of the steel tubing facility is “a whole package of good things,” Bruns said. “Any time we get capital investment and new jobs, it’s good. But beyond that, this is a very good company.”
The heavy manufacturing company will help diversify the area’s economy, Bruns said. Heavy manufacturing jobs, in particular, are very good jobs and create a lot of spinoff economic activity, he said.
“This is a family-run company, and they’ve got a strong set of business values and ethics,” Bruns said.
Coil Tubing Technology, Inc. (OTCQB: CTBG), a leading provider of enterprise-class coil tubing products and services, announced that the Company has filed its Form 10-Q with the Securities and Exchange Commission reporting results for the 1st quarter 2013.
The Company's financial condition and results of operation are as follows:
We had total revenues of approximately $1,804,000 for the three months ended March 31, 2013, compared to total revenues of $2,265,000 for the three months ended March 31, 2012, a decrease in total revenues of $461,000 or 21% from the prior period. Total revenues included $1,760,000 of rental revenue for the three months ended March 31, 2013, compared to $2,215,000 for the three months ended March 31, 2012, a decrease in rental revenue of $455,000 or 20% from the prior period. The decrease in rental revenue was mainly due to a decrease in customer demand. We anticipate that the demand for our rental tools will be less for the next quarter based on current oil and gas drilling data in our service areas and an increase in competitive pricing to maintain our market share.
We had gross profit of approximately $950,000 for the three months ended March 31, 2013, compared to gross profit of $1,389,000 for the three months ended March 31, 2012, a decrease in gross profit of $439,000 or 32% from the prior period. Our gross profit was 53% of revenue for the three months ended March 31, 2013, compared to 61% for the three months ended March 31, 2012.
We had total general and administrative expenses of approximately $564,000 for the three months ended March 31, 2013, compared to total general and administrative expenses of $443,000 for the three months ended March 31, 2012, an increase in general and administrative expenses of $121,000 or 27% from the prior period. The increase in general and administrative expenses was primarily due to the increase in compensation expense of $113,000 for the extending the life of the stock options for key management personnel.
We had total selling and marketing expenses of approximately $473,000 for the three months ended March 31, 2013, compared to $519,000 for the three months ended March 31, 2012, a decrease of $46,000 or 9% from the prior period, which decrease was mainly due to decreases in sales commissions, automobile expenses and travel.
We had a net loss of approximately $66,000 for the three months ended March 31, 2013, compared to net income of $423,000 for the three months ended March 31, 2012, a decrease in net income of $489,000 or 116% from the prior period. The decrease in net income was attributable to a decrease in total revenue and an increase in operating expenses, principally a $113,000 increase in stock option expense, for the three months ended March 31, 2013, compared to the three months ended March 31, 2012.
As of March 31, 2013, we had total assets of approximately $8,454,000, which included total current assets of $3,365,000, consisting of $1,142,000 of cash, $2,157,000 of accounts receivable, net, and $66,000 of other current assets; and long term assets including $3,541,000 of rental tools, net; $535,000 of property and equipment, net; and $1,013,000 of intangible assets, net, consisting of our rights to the patents.
We had total liabilities of approximately $1,202,000 as of March 31, 2013, which included total current liabilities of $820,000, consisting of accounts payable of $485,000; accrued liabilities of $128,000; current portion of notes payable of $207,000; and long term liabilities consisting of $207,000.
We had net cash provided by operating activities of approximately $101,000 for the three months ended March 31, 2013, which consisted of non-cash items including $335,000 of depreciation and amortization, $113,000 of stock based compensation, and $18,000 gain on sale of equipment; offset by $66,000 of net loss, $388,000 of increase in accounts receivable, $8,000 of increase in other current assets, $78,000 of increase in accounts payable and $55,000 of increase in accrued liabilities.
We had $94,000 of net cash used in investing activities for the three months ended March 31, 2013, which included the purchase of $102,000 of rental tools and $50,000 of property and equipment; offset by $58,000 in proceeds from the sale of lost tools. Our principal recurring investing activity was the funding of capital expenditures to ensure that we have the appropriate levels and types of equipment in place to generate revenue from operations.
We had $18,000 of net cash used in financing activities for the three months ended March 31, 2013, which included $21,000 of proceeds from notes payable offset by $39,000 of payments on related party notes payable.
Mr. Jason Swinford, CEO of Coil Tubing Technology, Inc., commented, "During 1st quarter 2013, we experienced a downturn in the rental of our patented coil tubing products in the oil and gas sectors which in turn negatively impacted the Company’s overall results. We have adjusted our personnel and related expenses to better match our projected revenue stream as we anticipate that sales for our products will remain the same for the 2nd quarter of 2013 with upward movement in the 3rd quarter of 2013.”
Primary and fully-diluted net income per share for the 1st quarter ended March 31, 2013 was $.004. Primary and fully-diluted net income per share for the 1st quarter ended March 31, 2012, was $.03 and $.02, respectively.
Mr. Jerry Swinford, Chairman of Coil Tubing Technology, Inc., commented, "Our immediate plans are to continue our growth by meeting expected demand for our rental tool products in our current geographic markets and further expanding into international markets similar to what we accomplished in Canada during 2012. We anticipate entering markets in Mexico, the Middle East and Southeast Asia in 2013 and 2014. This approach to diversifying in new sales areas will improve our customer visibility and financial results.”
Mobil SHC 500 range of high performance hydraulic oils can help reduce energy consumption of equipment by up to 6.2%
Mobil SHC™ 500 hydraulic oils have been proven to offer maintenance professionals significant energy efficiency benefits in hydraulic equipment.
Compared to standard mineral alternatives, Mobil SHC 500 Series can help reduce hydraulic system’s energy consumption by up to 6.2 percent*, a saving marked by the ExxonMobil ‘Energy Efficiency’ logo on packaging. The Mobil SHC 500 Series are supreme performance hydraulic oils formulated from synthesised, wax-free hydrocarbon base fluids combined with a carefully engineered super- stabilised additive system. They are exceptionally high quality, wide-temperature, shear-stable hydraulic oils with controlled low-temperature pumpability properties and maximised anti-wear protection for high-pressure vane, piston and gear pumps used in steel plants.
The increased hydraulic efficiency potential of Mobil SHC 500 can result in an overall reduction in CO2 emissions, helping reduce the environmental impact of metallurgical operation
The increased hydraulic efficiency, impressive system cleanliness and durability offered by the Mobil SHC 500 can help maintenance staff decrease machine maintenance, extend oil drain intervals, and potentially reduce hydraulic system energy consumption by up to 6.2 percent*. Additionally, the increased hydraulic efficiency potential of Mobil SHC 500 can also result in an overall reduction in CO2 emissions, helping reduce the environmental impact of metallurgical operations. In addition, Mobil SHC 500 Series deliver outstanding low and high temperature performance, providing an extra margin of equipment protection above and beyond the capabilities of comparable mineral oil-based products. This benefit resonates with the steel industry that is subject to extremely high operational temperatures and, therefore, demanding sufficient heat-resistance from the lubricants in use. Also, at -400C Mobil SHC 500 is four times thinner than similar viscosity index conventional mineral hydraulic oils**, allowing it to circulate around the hydraulic system faster at start up, ensuring the lubricant is in place to protect machine components.
“Given the high operating temperatures and heavy loads, steel mills are a challenging environment for lubricants to operate in,” said Andrea Jacobsen, Industrial Marketing, Europe, Africa & Middle East, ExxonMobil Lubricants and Petroleum Specialties Company. “The benefits offered by the Mobil SHC 500 series are further proof of how Mobil Industrial Lubricants’ application expertise and portfolio of synthetic products can help steel mills worldwide reduce unscheduled downtime, increase productivity, safety and reduce costs.”
*Energy efficiency relates solely to fluid performance when compared with conventional reference oils of the same viscosity grade in hydraulic applications. The technology used is able to achieve up to 6.2 percent efficiency compared with the reference when tested in a hydraulic system under controlled conditions. Efficiency improvements vary based on operating conditions and application. ** Based on comparative -400C Brookfield, ASTM D2893 test results, between Mobil SHC 525 and Mobil Univis N 46.
Outokumpu has started a strategic review of its high performance alloys or VDM business unit. During this review, Outokumpu will evaluate strategic options for VDM and consider how best to drive continued growth and profitability for the business, within or outside of Outokumpu.
Says Outokumpu CEO Mika Seitovirta: “Given the challenging economic and market environment, we want to investigate strategic options for the VDM business unit with the aim of improving our profitability and strengthening our balance sheet while ensuring the realization of at least EUR 200 million of synergy savings enabled by the Inoxum acquisition.”
Outokumpu acquired VDM as part of Inoxum in 2012. VDM is a global leader in the market for corrosion and heat resistant high-performance materials, such as nickel, titanium and zirconium alloys. VDM serves a wide range of customers in the aerospace, energy, chemical and other industries. In 2012, VDM had sales of EUR 1.3 billion and approximately 2.000 employees.
During the review, the VDM unit will continue to operate within Outokumpu. The strategic review is expected to be finalized before the end of the year.
The design of fluid instrumentation systems for use in harsh and corrosive environments has been boosted by an optimised new grade of 6Mo tubing.
The mechanical characteristics of the new ‘Parker Grade’ 6Mo tubing have been optimised to ensure integrity of connections made using instrumentation compression type fittings from the Instrumentation Products Division of Parker Hannifin – the global leader in motion and control technologies. Parker’s long history in specialpurpose alloy tube fittings has enabled it to build up a wealth of expertise and knowledge about corrosion resistant materials such as 6Mo. The company has played a formative role in the industry take-up of the alloy, which is now the material of choice for many instrumentation tubing systems on new and refurbished North Sea oil and gas production platforms. Containing at least 6 percent molybdenum, 6Mo alloy is a super-austenitic stainless steel. The material is more resistant to chloride-induced pitting, crevice attack and stress corrosion cracking than standard 300 series or duplex stainless steel, making it ideal for offshore applications demanding durability and reliability in a hostile environment. Parker produces 6Mo versions of various types of instrumentation tube fittings, together with a series of 6Mo tubing clamps, and can also machine instrument valves and manifolds in the material.
Many instrumentation system designers specify two ferrule compression fittings for the assembly of small-bore tubing, with the 6Mo version of Parker’s A-LOK design proving a popular choice for today’s offshore projects. As with all two ferrule fittings, the rear ferrule needs to be harder than the tube it is gripping so that it ‘bites’ into the tube material during assembly helping to create a reliable, pressure-tight seal. Parker hardens the rear ferrule of 6Mo A-LOK fittings using its unique Suparcase process, which provides marketleading corrosion resistance.
However, when ordering instrumentation tubing, customers often simply specify an ASTM standard to their supplier. These standards do not always guarantee an optimum material property for a high integrity tube and fitting combination. The result can be tubing that is harder than necessary, for example, and therefore less than ideal for use with twin ferrule compression fittings.
As part of its ongoing commitment to helping users improve the integrity and corrosion resistance of instrumentation systems, Parker ensures that all tubing stocked by the company and its distributors is fully compatible with its range of fittings. After exhaustive testing and analysis of 6Mo tubing, Parker has defined a stringent specification and tolerances for its manufacture that allows the material’s properties to be controlled very precisely.
By collaborating with its supplier and auditing the company to verify compliance, Parker is able to provide the new Parker Grade 6Mo tubing with mechanical characteristics that are optimally matched to the capability of its 6Mo instrumentation fittings. According to Paul Shaddick, Product Manager for Parker Hannifin’s Instrumentation Products Division, “Extending the reach of our quality control standards to encompass the manufacturing processes used by our supplier of 6Mo alloy tubing is a major step forward in our product development strategy. Our customers can now obtain all the 6Mo instrumentatio connection technology they need for an offshore project from a single source, secure in the knowledge that the components are compatible. This simplifies component procurement and distribution, helps speed installation, and eliminates potential leak paths in 6Mo compression fittings.”
Parker Grade 6Mo instrumentation tubing is available in a wide range of imperial and metric sizes up to 1 inch/25 mm OD, and its 6Mo A-LOK two ferrule compression fittings are suitable for the majority of topside applications involving pressures up to 413 bar/6,000 PSI.
A delegation from Mason Metals Ltd was fortunate enough to visit and receive a plant tour of Novelis UK’s aluminium can recycling facility in Warrington, Cheshire.
The main event was seeing the 26tn ingots produced entirely from recycled aluminium cans – before being sent to Germany to Europe’s only rolling facility; where the blocks are rolled into sheets and supplied to can makers in the UK to be re-manufactured into drinks cans. This model is the prime example of “closed loop recycling”. With around 65,000 cans in a tonne the blocks represent an astonishing 1.69 million recycled cans and a saving of 234 tonnes of carbon emissions. Mason’s sister company Halesowen Metals is one of a number of regional aggregation centres Novelis use to collect and grade aluminium cans before being melted at the Warrington plant. Currently handling 50 - 100tns of material per week – adds up to an eye popping 6.5 million cans. The delegation were shown the huge new shredding lines that have been installed at Warrington. These lines shred, sort and clean the cans ensuring they are free from contamination before removing the paint from the cans and finally transferring the molten aluminium into the furnace.
On a local level Mason Metals Ltd has been a “Cash for Cans” collector for over 20 years. The site has always been popular with charities, clubs, churches and schools who recycle cans to raise fun ds for their causes. Mr Woodall states “due to the cash ban on scrap metal purchases there is a worry that people would loose the incentive to recycle; especially fund raisers. Hopefully this won’t be the case and we still provide an instant payment on deliveries except by either cheque or bank transfer. We are still seeing the cans but were right behind ALUPRO when they tried to get an exemption for allowing the cash for cans scheme to continue”.
Novelis UK’s Metal Buyer for the Midlands Martin Essex said “ it was great to show the team from Mason’s around the plant. The new investments mean we have the capacity to recycle all the used aluminium cans within the UK. The current UK recycling rate for aluminium drinks cans is around 55% so we’ve got plenty to aim at. We purchase UBCs (used beverage cans) from local authorities, waste management companies and scrap metal merchants. Mason Metal’s does a great job in sourcing them through their network. One thing is for certain – we always need more!”
Mason Metals and Halesowen Metals are buying cans at approx 50p per kilo (around 65 cans). They can provide resources such as posters, recycling bags, promotional bins/boxes for schools/ offices etc and of course magnets to help recycle. If you are interested please call them on 01384 79841.
Luvata, a world leader in metal solutions manufacturing and related engineering services, is pleased to introduce MileonTM, the longest seamless hollow conductor available on the market today.
Hollow conductors are used in a number of applications including particle accelerators, MRI scanners, plasma research devices and induction furnaces. Unlike traditional hollow conductors, Mileon gives manufacturers the option for large continuous coils or the flexibility to specify the optimum length, reducing the amount of scrap and packaging materials required.
Mileon hollow conductors are completely jointless and produced in long continuous lengths now measured in hundreds or even thousands of meters. Made from high purity oxygen-free copper, Mileon delivers electrical conductivity of 101-102 %IACS and thermal conductivity of 390 W/Km.
The newest cancer treatment instruments are carbon-particle therapy instruments, which are used to direct a concentrated beam into a tumour without hurting the surrounding healthy tissue. These instruments use powerful, water-cooled resistive magnets wound with hollow conductors.
“Every joint in a magnet causes not only additional work, but they’re also a major risk for leaks despite very careful inspection of the joint,” indicates Paula Tappola Luvata Product Manager for hollow conductors. “In most cases a leak inside a magnet cannot be repaired and the whole magnet must be replaced with a new one, causing significant down time and substantial costs,” continues Paula.
Commonly requested dimensions and shapes of Luvata hollow conductor profile tools including round, oval, square and rectangle, can be found by visiting Luvata’s web site - hollow conductor tool list.
Mobil Vacuoline 100 and Mobilgrease XHP 461, part of ExxonMobil's comprehensive range of products for primary metals companies, have helped two Russian stell mills to increase productivity, reduce unscheduled downtime and significant financial benefits.
One Russian steel producer reported issues with its SKET 350 rolling mill, with bearing failures and unscheduled downtime occurring as a result of the lubrication in use. The poor water separation capability of the lubricant was causing the bearings in the rolling mill to rush and fail.
Following a recommendation from ExxonMobil engineers, the metallurgical plant switched to Mobil Vacuoline 133 to protect the bearing in its SKET rolling mill.33. This high performance circulating system oil contains high quality base stocks and additives that resist emulsion and sludge, contributing to cleaner systems and filters, as well as helping solid contaminants separate for easy cleaning by centrifuge, filtration or settling. Following the introduction of Mobil Vacuoline, the bearing life was significantly improved with the resulting savings in maintenance and replacement bearings helping to generate cost saving of approximately $222,000 USD. Alongside its range of high performance industrial oils, Mobil-branded greases have also helped to increase productivity and reduce unscheduled downtime. For example, a hot sheet steel rolling mill in Russia was experiencing problems with bearing failure in the roller bearings cages of its work rolls 2000.
Following an investigation by ExxonMobil engineers, they identified the bearing failures were occurring due to significant water washout of the grease in use, which was leading to corrasion attacking the bearings due to the lubricant being unable to sufficiently protect the bearings. To address the problem, ExxonMobil recommended switching to Mobilgrease XHP 461 due to the product's superior resistance to water washout, excellent rust and corrosion protection and good thermal stability. Following the switch over, lubricant-related bearing failures were eliminated and other benefits such as lower grease consumption were reported, helping cost control.
"With major international sporting events on the horizon, demand for primary metals in Russia has soared and local manufacturing facilities are constantly looking at ways to boost productivity", commented Kirill Chervyakov, Industrial Marketing Advisor - EAME, ExxonMobil Lubricants and Petroleum Specialities Company, a division of Exxon Mobil Corporation. "By switiching to high performance Mobil Industrial Lubricants operators can look to boost plant output and significantly reduce maintenance costs.