Company Updates

Prysmian Group announces the launch of its new organization and begins its integration with General Cable. The newly created Group is a world leader in the energy and telecom cable systems industry with global headquarters located in Milan, sales of over €11 billion (pro-forma as of 31.12.2017) and approximately 30,000 employees at 112 plants and 25 R&D centers in over 50 countries.

RAMCO, an international specialist in the care and maintenance of oil country tubular goods (OCTG), has signed a major contract with Equinor (formerly Statoil) for inspection and mobilisation of casing and tubing in Norway, worth more than $10 million USD a year to 2024.

Evac, a world leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, is to acquire Cathelco, a leading global manufacturer of equipment for ships and offshore installations. Cathelco customers include Evac’s current marine and offshore customer groups, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers.

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