Technip to invest $85 million to modernize flexible pipe plant

11/13/2014

Technip to invest $85 million to modernize flexible pipe plant

LE TRAIT, France -- Technip has announced an investment over four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France.

Further strengthening Technip’s expertise and industrial capabilities at the site will reinforce its global position in the production of flexible pipes, for the development of offshore oil and gas fields.

This modernization plan focuses on the installation of new-generation machines and site optimization to fit 12 m diameter reels, on which flexible pipes are spooled. Increasing the reel capacity from 9.6 to 12 m in diameter will provide room for twice as much flexible pipes on each reel. Technip's investment will also create a new area dedicated to the testing of the world’s most sophisticated flexible pipes.

This investment amounts to $85 million (€68 million) and is part of Technip’s technological innovation and differentiation strategy.

"Our products have a high technological content based on decades of accumulated R&D and product know-how, which we will continue to enrich further. This investment reflects our confidence and determination to continue to make our four flexible pipe plants leading actors throughout the world,” Thierry Pilenko, Technip’s Chairman and CEO, said.

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