For the first time, ASTM International has signed a memorandum of understanding (MOU) with the national standards body of China, the Standardization Administration of the People's Republic of China (SAC).
Calgary-based CE Franklin Ltd. has entered into a non-binding letter of intent with Smith International, Inc., to acquire all of the common stock of Wilson International, Inc., a wholly owned subsidiary of Smith, in exchange for common shares of CE Franklin issued from treasury.
Northwest Pipe Co. reported receiving a letter of intent from Garney Construction of Kansas City, Mo., for approximately $9 million of welded steel pipe for the Green Bay Parallel Raw Waterline Phase I and II, a project for the city of Green Bay. Delivery is scheduled to begin in the fourth quarter of 2004.
Industrial PVF prices have been so volatile this year, the biennial IPD Commodity Reports, published in July by the Industrial Piping Division of the American Supply Association exclusively for IPD members, was acknowledged by its authors to be largely out of date in the weeks it took from compilation to printing and distribution to the membership.