New Company Will Focus on Additive Manufacturing for Oil & Gas
Applications
Sintavia, LLC, the leading Tier One metal additive manufacturer for the
Aerospace & Defense industry, announced today that it had signed a term
sheet to form a joint venture with Howco Group in support of the
development of additive manufacturing within the Oil & Gas industry. The
joint venture would be branded under the Howco Group name and be
co-located at Howco’s North American headquarters in Houston, Texas. It
is expected that the joint venture will commence operations later this
year.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190521005062/en/
Brian Neff, Sintavia's Founder and CEO and David Preston, Executive Vice President at Howco Group, sign a term sheet to form a joint venture in support of the development of additive manufacturing within the Oil & Gas industry. (Photo: Business Wire)
“Many of the proprietary additive manufacturing processes that Sintavia
has developed for the Aerospace & Defense industry apply equally to the
Oil & Gas industry,” said Brian Neff, Sintavia’s Chairman and Chief
Executive Officer. “We are excited to work with Howco to deliver the
economic and technical benefits of AM to our joint customers in the Oil
& Gas industry.”
Howco, a wholly owned subsidiary of Sumitomo Corporation, is a leading
global distributor of raw material and manufacturer of turnkey
components for Downhole, Subsea and Surface equipment. The new joint
venture will focus on material common to both the Aerospace & Defense
and Oil & Gas industries, including nickel alloys and stainless steel.
Additional terms of the joint venture were not disclosed.
About Sintavia
Sintavia is the global leader for independent metal AM for the Aerospace
& Defense industry. With high-speed printers co-located alongside
precision post processing equipment, a full complement of mechanical
testing equipment, and a full metallurgical and powder laboratory,
Sintavia is able to optimize parameters, serially manufacture, and audit
quality parts for critical industries. Sintavia is committed to the
highest quality standards in the industry, and holds Nadcap, AS9100,
ISO17025, and ANAB accreditation, as well as being OASIS and ITAR
compliant. For more information visit www.sintavia.com.
About Howco
Howco is the largest independent supplier and processor of Low Alloy,
Chrome, Duplex, Stainless and Nickel based alloys to the oil & gas
industry. Howco manages the raw material supply chain using its
comprehensive global footprint to support customers in the Upstream Oil
and Gas sector. Our inventories are positioned strategically in North
America, Europe, Middle East, and Asia, and are tailored to meet the
needs of our global customers. Howco has subtractive machining, heat
treatment and turnkey manufacturing capabilities located close to our
customers offering the lowest total cost solution.
www.howcogroup.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190521005062/en/
Copyright Business Wire 2019
Source: Business Wire
(May 21, 2019 - 11:00 AM EDT)
News by QuoteMedia
www.quotemedia.com