WSP plans to sell US OCTG operations
Oct 02, 2012 | 01:50 PM
| Michael Cowden
Tags
WSP,
Houston OCTG Group,
Southern Tube LLC,
Nippon Steel & Sumitomo Metal Corp.,
divestiture,
China,
U.S.,
Houston
OCTG
CHICAGO — WSP Holdings Ltd. plans to sell its U.S. oil country tubular goods (OCTG) business for $43 million to Southern Tube LLC, an affiliate of Tokyo’s Nippon Steel & Sumitomo Metal Corp.
The deal includes all of WSP subsidiary Houston OCTG Group Inc., a U.S. spokesman for the Wuxi, China-based energy tubulars producer confirmed to AMM Tuesday.....
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