CHICAGO MesoCoat Inc.
expects to complete construction and equipment installation at
its Ohio clad pipe manufacturing facility in December and begin
commercial production in March after several months of trial
"The Ohio facility would be one
of the largest clad pipe manufacturing facilities in North
America, and we have plans to further expand production
capabilities," Robert Miller, chief executive officer of
Miami-based parent company Abakan Inc., said in a statement
The plant is expected to serve
customers in the mineral processing, power generation, and oil
and gas markets, including the shale gas production sector in
and around Ohio, where corrosion-resistant products are in high
demand, Miller said.
MesoCoat broke ground on the
Euclid, Ohio, plant last year and originally said the plant
would reach full-scale production in early 2012 (
amm.com, April 6, 2011). That timeline was later
pushed back, with the company saying earlier this year that it
expected construction to be completed by the second quarter of
amm.com, March 20).
A low-interest, $1-million loan
from the state of Ohios Innovation Ohio Loan Fund
provided the funding necessary to complete the Ohio cladding
plant, Abakan said.
Production capacity at the Ohio
operation is forecast to be between 15.5 miles and 18.6 miles
of clad pipe per year, generating revenue of between $60
million and $80 million, Abakan said. But the company cautioned
that actual production likely would be lower at first because
some output would be dedicated to qualifications and short-run
orders before the plant hits full production in 2013 and
Abakan said it has planned
four-line clad pipe production facilities in Canada, Brazil and
the Middle East designed to produce 74.6 miles of clad pipe per
year. The Ohio plant will have only one line, the company
In separate news, Abakan said it
had filed to be listed on the Nasdaq Stock Market. "Nasdaq is
the right marketplace for our shares to trade, given the focus
on technology-based companies," Miller said in a statement.