Rotork has acquired the business and assets of Omag Snc, an Italian valve gearbox manufacturer based in Milan. The acquisition provides Rotork's Gears division with a manufacturing and sales base in the Italian valve market in addition to its current manufacturing and assembly sites in the United Kingdom, United States and The Netherlands.
Northwest Pipe Co. reported the highest annual sales and earnings in its history for 2005. Sales were $329 million, compared to $292 million in 2004, and annual net income was $13.4 million, compared to $12.4 million in 2004. Tubular Products Group sales were $80.7 million, compared to $102.5 million the previous year. The decline was attributable to exceptional sales in 2004 that were unsustainable.
Walter Industries Inc. announced on Jan. 31 that its Mueller Water Products subsidiary purchased the operating assets of CCNE, LLC for approximately $8.8 million. Based in Vernon, CT, CCNE is a privately-held contract producer and distributor of check valves used in water and wastewater treatment and distribution systems.
IPSCO Inc. announced record net income in 2005 of $585.8 million, compared to $454.9 million in 2004. The increased earnings are primarily attributable to higher average selling prices, increased margins across most product lines, and a stronger product mix due to record sales of energy tubular products.
A question was put to the PM Engineer (PME) staff (one of SUPPLY HOUSE TIME'S sister magazines) asking how nominal pipe size came to be. Here is the answer provided by PME Editorial Director Julius Ballanco.
IPSCO has received a commitment from Enbridge reserving IPSCO's large diameter pipe mills for two major pipeline projects. The order for approximately 166,000 tons of spiral-welded pipe will begin production in the second half of 2006.
Maverick Tube Corp. reported 2005 sales increased to $1.8 billion from $1.3 billion the prior year, including results from the acquisition of South America's Tubos del Caribe. Net income for the year dropped by $21.5 million to $172.3 million.