Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Harvest Secures Funds for FRP Pipe Production Expansion

  • Thursday, 17th July 2008
  • 0 comments
  • Reading time: less than a minute

Hanwei Energy Services’ subsidiary, Daqing Harvest Longwall High Pressure FRP Pipe Co will expand its annual FRP pipe production from the 3,200 km to 4,600 km.

The expansion will include a total of up to eight new lines, as well as facilities to develop larger diameter high pressure FRP pipe to be used in a wider scope of potential applications including down hole oil field casing, petrochemical plants, and fire protection systems. The estimated budget for the additional lines, building, and facilities is RMB35 million (or approximately $5.2 million) with completion and commissioning expected in the third quarter of 2008.

The increased production capacity is being added to satisfy growing demand for Hanwei’s FRP products in China and Kazakhstan. The Company currently has over RMB170 million (or approximately $25 million) of confirmed pipe sales orders.

“”Demand for our FRP pipe continues to outpace our production capacity,”” stated Fulai Lang, President and CEO of Hanwei. “”With the funding in place for our expansion in Daqing and a very strong order book, we expect to meet or potentially exceed our 70% annual sales growth target for our FRP pipe business.””


For more information visit:


Share this article


Categories


More News


Comments (0)

Leave your comment