Visions - Spring/Summer 2013 - (Page 16)

UNCONVENTIONAL – BUSINESSES CONNECT TO OIL AND GAS NSI Crankshaft Finds New Business In Oil and Gas Exploration A car’s crankshaft has long served as the vehicle’s muscle, an automotive component that facilitates the propulsive connection between the engine’s firing pistons and the car’s turning wheels. In addition to toughness, it requires fine dimensional precision to operate in an engine with thousands of other components. Sumitomo Corporation and Nippon Steel & Sumitomo Metal Corporation joint venture Nippon Steel & Sumikin Crankshaft LLC (NSI) experienced success and a good reputation because of the company’s expertise — supplying precision manufacturing of steel machined shafts with multiple centers, and a history of success in diesel/gasoline engine crankshafts. With the recent need for crankshaft technology for hydrofracturing pump mechanisms that aid in shale oil and gas exploration, the company expanded its business to supply this market with crankshafts, which serve as a core part of the pump. The demand for fracture pump crankshafts emerged as production of shale gas/oil started growing around 2008, and there was a dearth of established machine shops for this specific component. NSI actively pursued this new business opportunity and expanded their business into this market. By early 2012, NSI established a production capacity of 2,500 pieces per year for this specific kind of crankshaft. Pump crankshafts for the oil & gas industry are an important part of our product portfolio. Maintaining our position as one of the major suppliers of pump crankshaft in the market, NSI is working closely with SC/SCOA’s strong network in the industry. Considering the cyclical nature of the market, monitoring the demand and studying any opportunity for business expansion is essential. By continuing to strengthen other parts of the portfolio – namely, engine crankshafts for trucks, automobile, marine vehicles, etc. – NSI continues to explore additional options for crankshaft use in various markets. Steel and Non-Ferrous Metal Group Supplies Offshore Drilling Operations G rowth in oil and gas offshore drilling has influenced areas outside of our tubular group. Our Steel & Non-Ferrous Metal Group continues to gain ground in providing high grade steel plates for building oil and gas offshore drilling/production facilities. This resulted in our steel plate and structural steel business experiencing significant demand. The specific products are the high grade steel plates and structural beams for offshore structures such as the jack-up rig, fixed platform, semi-submergible, tension leg platforms (TLP); spar platforms; and floating production, storage and offloading unit (FPSO), etc. High tensile, high toughness, welding capability and highly reliable steel are required for these structures. 16 v i s i o n s S p r i n g | S u m m e r 2 0 1 3 These fabricators purchase steel, with Nippon Steel & Sumitomo Metal Corporation, one of several potential suppliers. We also connect with oil companies who decide the project concept and operate these same facilities, as well as engineering companies who design these facilities. For business group synergy, our Steel & Non-Ferrous Metal Group keeps closely connected with our Tubular Business Group because we often have relationships with the same customers, the same suppliers and, sometimes even participate in the same projects.

Table of Contents for the Digital Edition of Visions - Spring/Summer 2013

Visions - Spring/Summer 2013
Contents
Meet our New President and CEO Kazuhiro Takeuchi
Bringing Global Expertise and Foresight to Tubular Market
Our Subsidiary OCTG Distribution Companies Earn Biggest Market Share
SCOA Teams Up with HOWCO for Oil Field Materials and More
SCGTS Creates Value Through Service Integration
Midstream and Downstream Services Business Serve Line Pipe & Specialty Tube Demands
Management Synergy & Coordination Helps Our New Oil & Gas Working Group Put All The Pieces Together
Shale Gas and Tight Oil Projects Look to the Future
NSI Crankshaft Finds New Business In Oil and Gas Exploration
Steel and Non-Ferrous Metal Group Supplies Offshore Drilling Operations
Unique Machine Prospers in Alaska
Construction Equipment Business Serves Oil Sand Project Needs
Pacific Summit Energy Experiences Energy Trading and Marketing Success
Analysis and Prevention are the Keys to Success for Tubular HSE

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