SOURCE: Business Review Australia

Business Review Australia

April 06, 2012 14:33 ET

Matrix Composites & Engineering: Leaders and Engineering Innovators in the Oil and Gas Sector, in Business Review Australia

SAN DIEGO, CA--(Marketwire - Apr 6, 2012) - Matrix Composites & Engineering is a manufacturer of engineered products for the oil and gas and resources sectors and has grown to become an international market leader across multiple industry sectors, products and technology. The latter includes syntactic and composites materials technology.

"We utilise advanced manufacturing technologies that come out of the automotive and aerospace industries," CEO Aaron Begley says. "I think that's probably the most interesting part of what we're doing. The fact that we're taking technology that is being developed for higher performance applications in other industries and applying those technologies to the oil and gas sector, well, I think that is exciting."

Matrix has five main product and service groups: drilling products, well construction equipment, upstream SURF ancillary products, downstream cryogenic insulation systems and offshore and site services.New buoyancy systems, including clamps for flexible risers and umbilicals, are about to be released in the AURF market.

Recently, the $80 million new plant in Henderson, Western Australia, was completed, which has doubledthe company's production capacity. This is the largest composites syntactic plant in the world, and is expecting nameplate capacity late 2012. The new plant has delivered a range of operational efficiencies, including waste reduction, which was a key factor when designing the plant.

"There are a number of products found in the oil and gas industry which have a historical 'accepted rate of failure,'" Begley says. "Matrix views these product groups as an opportunity to provide new re-engineered products that address the quality and reliability issues exhibited by these products."

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