27 April 2001
27 April 2001
Petroplastic Argentina, a local company which imports and trades fibre glass pipes for the oil industry, created a joint-venture with the American company Ameron International to start producing these products in the country.
This joint venture will invest US$6mil in the construction of a factory in Neuquen province and will have an initial production capacity of 500,000 metres of pipes annually starting operations in the second half of 2002 creating 65 jobs. The industrial management will be in the hands of Ameron and Petroplastic will keep the trading and services management said Julio Costa Paz, President of Petroplastic Argentina. If the demand increases the two companies might invest another US$5mil in the plant in Neuquen. The local distributor has sales of between US$8-10mil annually and some of its customers are Repsol YPF, PeCom, Vintage and Chevron. Costa Paz said that the decision to create this joint venture was triggered by the US$8,000mil that Repsol YPF will invest in the gas field Loma La Lata in the next few years.
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