| It was reported that Shasteel & Kingland Pipeline successfully passed the inspection of SAIPEM and became a qualified supplier in global purchase of SAIPEM.
SAIPEM is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex onshore and offshore projects in the Oil & Gas market.
The Company has distinctive competences in harsh environments, remote areas and deep water. Saipem provides a full range of services with turn-key EPC and EPCI contracts and has distinctive capabilities and unique assets with a high technological content. SAIPEM has been listed on the Milan Stock Exchange since 1984.
Zhangjiagang Shasteel & Kingland Pipeline Co., Ltd . Zhejiang Kingland Pipeline (the listed company, takes up 51%) and Jiangsu Shasteel Group (world top 500 enterprises, takes up 49%) expanded it into a company which is mainly engaged in Submerged Arc Welded Longitudinal Pipe manufacturing. It is adjacent to Jiangsu Shasteel Group’s medium and its heavy plate production line, thus has the advantage of integration of plate and pipe manufacturing.
The company plans to build a welded pipe manufacturing base with annual capacity 1 million MT. Until now, one large diameter SAWL line imported from Germany for OD406-1626mm and one 3PP/3PE/FBE outer coating line have been launched. One FBE internal lining line also is to launch later.
Its products are mainly used in transportation, including land/marine oil, gas, chemical, coal slurry, ore pulp and water etc., besides, also can be used in offshore platform, power plant, chemical industry, building, bridge, structure and so on.
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