WSP ramps up Thai output but cash bleed continues
Oct 01, 2012 | 10:06 AM
| Michael Cowden
Tags
WSP Holdings,
second-quarter results,
Longhua Piao,
OCTG,
steel pipe,
Michael Cowden
CHICAGO — WSP Holdings Ltd. spilled more red ink in the second quarter as the company finished construction of a new oil country tubular goods (OCTG) manufacturing facility in Thailand and started to ramp up production.
The Wuxi, China-based company, which has finishing and inspection operations in Houston, said the Thai facility’s two production lines, which have a combined capacity of 200,000 tonnes per year, began commercial operations in the first half and passed an American Petroleum Institute (API) audit in July.....
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