TMK IPSCO, the North American division of Russian-based pipe manufacturer OAO TMK, will build a 33,000 square-foot pipe threading and service facility in Edmonton, Alberta, Canada.
With U.S. headquarters in Downers Grove, Illinois, the company has manufacturing plants in Pennsylvania, Texas, Arkansas, Iowa, Oklahoma, Nebraska and Kentucky.
"This is a very exciting initiative for TMK IPSCO," said Piotr Galitzine, chairman of TMK IPSCO. "This new facility will keep our company at the forefront of technology, expand our local presence, and enable us to better serve our very important Canadian oil and gas customers."
As the Canadian market continues to shift towards unconventional gas and oil resources, proven premium connections will be in higher demand. To meet this growing demand, the new TMK IPSCO facility in Edmonton is ideally situated in close proximity to unconventional resources like the Horn River, Montney and Duvernay Shales. Served by rail and located just north of Sherwood Park, the site will enable TMK IPSCO to provide
quicker response times on drilling and completion tools, a company spokeswoman said. The amount of the planned investment in the new plant was not announced.
"This new facility is a testament to our company's innovation, growth, and commitment to our customers," said Vicki Avril, the company's president and chief executive officer. "We will be bringing to Canada high-tech products, improved, localized services and new jobs." An estimate on the number of direct and in-direct jobs was not immediately available
Alberta economic development officials note among incentives to building in the province is its skilled workforce and the fact that Alberta businesses have among the lowest business taxes in Canada
The state-of-the-art production equipment at the facility will thread a full range of connections from 4 1/2 inches to 13 3/8 inches. In addition, the site will offer a full line of accessories, services and repairs. The facility is expected to begin operating in late 2012.