CALGARY, ALBERTA--(Marketwire - Oct. 1, 2012) - Flexpipe Systems Inc. has signed a Strategic Sales Agreement with Petroplastic S.A., a manufacturer and seller of composite pipe systems in Argentina. Under the Agreement, Petroplastic S.A. will be the exclusive sales representative for the sale of Flexpipe Systems' entire suite of products and services in Argentina.
"We are very excited about this partnership," said Mark Nowak, Vice President, Latin America Sales and Field Operations. "Flexpipe Systems has become one of the preferred suppliers of flexible composite pipe in North America, and is focused on expanding its international business in Latin America. With Flexpipe Systems' manufacturing expertise and Petroplastic S.A.'s deep understanding of the local market and sales and service support, we are confident to replicate that success in Argentina."
"The market in Argentina will rapidly shift toward reinforced spoolable composites due to the benefits of lower installation and operational costs versus steel. With this partnership, Petroplastic S.A is able to expand its product offerings and satisfy the unmet needs of our customers." said Miguel Szoke Urquiza, President, Petroplastic S.A.
The agreement will enable Flexpipe Systems to have local inventory and offer pipe and fittings at competitive prices from Petroplastic S.A.'s existing service center in Rincón de Los Sauces, Argentina. Flexpipe Systems will also provide Petroplastic S.A.'s engineers and field service technicians with technical support and training for installations.
About Flexpipe Systems
Flexpipe Systems Inc., a wholly owned subsidiary of ShawCor Ltd., is a leader in the development, manufacturing and distribution of composite pipeline solutions to the energy industry. Flexpipe Systems' flexible, composite pipeline system is used in applications where a corrosion-resistant, high-pressure pipeline is required. Flexpipe Systems manufactures three product lines: FlexPipe Linepipe, FlexCord Linepipe and FlexPipe High Temperature Linepipe. All products are based on a three-layer principle which include a thermoplastic liner, a helically wound reinforcement layer and an external thermoplastic jacket. Over 50 million meters of pipe and 60,000 fittings using Flexpipe Systems' patented pipeline technology have been installed throughout North America, Latin America and Australia.
About Petroplastic S.A.
Petroplastic S.A. is a manufacturer and seller of GRE pipe systems and a supplier to the leading oil companies in Argentina. Petroplastic S.A. has a state of the art manufacturing plant in Junín de los Andes, Neuquén Province, Argentina and its main service center is based in Rincón de los Sauces, Neuquén, Argentina. With over 20 years of experience, Petroplastic S.A. has become a leader in the design, engineering, production, distribution and installation of GRE pipe, production tubing and casing.