Abakan Contracts To Build Large-Scale Clad Pipe Plant In Brazil

摘要

Abakan Inc. announced it entered into a memorandum of understanding with Cone S.A. for construction of a manufacturing plant to suit large-scale, clad pipe manufacturing within the new Suape Export Processing Zone (EPZ) in Pernambuco State, Brazil. The planned four-line plant will be able to produce up to $200 million-worth of clad products annually. The decision to establish a plant in Brazil was driven by the requirements of Abakan's technology development partner, Petrobras, along with anticipated demand from other Brazilian energy and mining companies. The plant will be one of the largest metallurgical clad pipe manufacturing facilities in the world, according to Abakan, with the capability of quickly producing large quantities of corrosion- and/or wear-resistant clad pipe. Cone has formed a strategic alliance with FCL Builders, headquartered in Itasca, IL to bring its more than 35 years of industrial construction experience to this partnership.