At the Expo Oil and Gas Colombia 2012 show last week in Bogota, Colombia, Corpac Group unveiled its CORPIPE and CORCOAT investment projects, which will vertically integrate the group's business units and strengthen its position in OCTG and steel services in the South American markets.
According to the Miami, Florida-based company in a press release Friday, it is actively building a state-of-the-art OCTG facility near Barranquilla, Colombia, that will have a production capacity of over 150,000 tons. The new CORPIPE plant will be capable of producing casing and tubing from 2" to 13-3/8" for the E&P energy markets. CORCOAT will be capable of coating line pipe up to 48", with a capacity of over two million square meters per year. Both facilities will be housed at Steel City, a 353-acre complex operated by the group. This strategically located hub with access to three major ports along the Atlantic Coast will provide Corpac's Colombian companies with access to the world.
Company leaders said the projects are part of Corpac's expansion plans in Latin America. "A key component of our global strategy is to focus on markets where our presence, global brand and superb local workmanship come together for a reliable domestic and regional solution for our customers," said Ivor Subotic, VP of Business Development. "