PTC to invest in seamless OCTG plant in Ky.

Aug 30, 2013 | 01:52 PM |

Tags  PTC Seamless Tube, PTC Group Holdings, seamless, OCTG, Hopkinsville, Kentucky, Gov. Steve Beshear, Peter Whiting Bradford Research

NEW YORK — PTC Seamless Tube Corp., a subsidiary of PTC Group Holdings Corp., is investing $102 million to establish a seamless oil country tubular goods (OCTG) facility in Hopkinsville, Ky., on the site of its idled mechanical tubular facility, confirming previous reports by AMM.

"PTC’s renewed focus on Hopkinsville represents a shift in the company’s operations from producing more traditional mechanical tubular products toward producing seamless steel tubes for the energy industry ... which include high-strength tube products used in oil and gas wells and certain other industrial applications," a statement on Kentucky Gov. Steve Beshear’s website said.....

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