Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA.
Husteel, part of South Korea’s Shinan Group, is a leading welded tube and pipe manufacturer. The company is investing USD 122 mln into a greenfield plant in Splendora, Texas.
Fives will provide engineering, manufacturing and supply of the complete solution to produce tube and pipe with a diameter of 60 to 114 mm and a wall thickness of up to 10mm for the oil and gas industry.
“The new plant in Texas will be our first facility in the United States. We are relying on Fives’ presence in the local market, its long-standing reputation as a supplier of reliable equipment, and their vast experience. We look forward to starting production in this new facility in 2025,” says Hoon Park, CEO of Husteel.
