MRC eyes international energy market
Feb 25, 2014 | 02:22 PM
| Thorsten Schier
NEW YORK Anticipated growth in the global energy market was a major factor behind energy tubular distributor MRC Global Inc.s recent acquisition of two international companies, executive vice president of supply chain management Gary A. Ittner told AMM.
"(We want) to position ourselves so that we can better service customers that are looking for more global solutions. We anticipate that roughly 75 percent of (capital expenditure) dollars (on oil and gas exploration and production) are going to be spent outside of North America, (and) were looking to position ourselves to participate in more of that activity," Ittner said.
In addition to the acquisition of Norwegian pipe, valve and fittings (PVF) distributor Stream AS and English pipe, flange and fittings distributor Flangefitt Stainless Ltd. (amm.com, Dec. 10), MRC also made the strategic decision last year to rein in its oil country tubular goods (OCTG) sales, particularly in the volatile spot market, and focus on large supply contracts tied in with other products.....
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