The company is exploring options to set up a joint venture with one of the leading SAW pipe manufacturers based in the Gulf coast.
We are evaluating all possible options of setting up a plant in the US. We are currently in talks with several companies and will come up with a decision soon, RC Mansukhani, chairman, Man Industries Ltd told FE. Setting up a new plant in US will give us a global presence, and help us cater to the requirement of the booming hydrocarbon sector throughout the world, he added.
Some of the leading makers in the US are SAW Pipes, Oregon, American Steel Pipes. That region has a thriving SAW pipe industry and Man can partner any one of them, said a Mumbai-based analyst. The Gulf coast is the world center for energy, with excellent access to port and rail facilities. The convenient access and transportation within the continent along with marine transport worldwide makes it a lucrative region for companies like Man Industries, said sources.
Man Industries, has been on an expansion spree even in the domestic market. The company has recently, bagged a Rs 1,000 crore order from Texas based Midcontinent Express Pipeline LLC.
Man Industry will supply 257 miles of LSAW and HSAW line pipes. At Present the company has an order book of Rs 2,200 crore for the next financial year receiving vendor approvals from oil majors in Malaysia and US.
The company is also in an advanced stage of adding three more production lines at its Anjar complex that is likely to be commissioned in 2007-08.
Man Industries manufactures pipes and coating systems, with a total installed capacity to manufacture over 2,500 kilometers of line pipe and over 5.00 million sq meters of coating systems every year.