CPI Oman to set up pipe make facility in India in 2013

By Satnam Singh
Correspondent

Published: October 26, 2012 6:00 am ET

Related to this story

Topics Construction, Pipe/Profile/Tubing

NEW DELHI (Oct. 26, 1:10 p.m. ET) — Composite Pipes Industry LLC Oman is entering India, with plans to set up a 5,000-metric-ton-per-year plant by 2013, with an initial investment of about $10 million. Officials said the company plans to select a site in the second quarter of 2013.

The company manufactures and installs composite pipes and fittings of glass-reinforced plastic, epoxy and vinyl ester.

CPI Oman is expecting a modest turnover of about $40 million by 2015 from its Indian operations and expects its first big order in India to come from the Oil & Natural Gas Commission. The plant also will serve Indian and South Asian companies.

According to Sheikh Saif bin Hashil Al Maskery, chairman of CPI LLC Oman, “The oil and gas exploration and production sector has been expanding rapidly in India and will attract enormous capital investment in future. As a more eco-friendly and cost-effective mode of transportation, composite pipelines are receiving growing attention.”

Demand for composite pipes from the oil and gas sector alone is expected to grow at a 9-10 percent compounded annual growth rate over the next five years.

CPI Oman has annual sales of $25 million. It started production Oman in 1999 and now has annual capacity of 10,000 tonnes.


Comments

CPI Oman to set up pipe make facility in India in 2013

By Satnam Singh
Correspondent

Published: October 26, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Interest in green building growing

November 14, 2014 1:14 pm ET

Interest in third-party certification for green buildings continues to climb, with 62 percent of respondents to a biennial survey by an international ...    More

Image

Polyflow opens Texas plant to make plastic pipe for Permian Basin

November 12, 2014 8:05 am ET

Polyflow LLC announced the grand opening of its new manufacturing plant in a renovated building in Midland, Texas, this morning.    More

Image

BASF study shows rapid payback for EPS residential insulation

November 12, 2014 8:53 am ET

There have been positive long-term economic and environmental benefits from an energy modernization project in houses at BASF SE's home base in...    More

Image

Vinyl extruders settle patent lawsuit

November 11, 2014 3:43 pm ET

A trade coalition of vinyl extruders and window manufacturers reached an out-of-court settlement in a patent lawsuit filed by J-Channel Industries Cor...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events