RIO DE JANEIRO -- Technip's engineering group said it will
open a huge flexible pipe plant near Rio in December to meet
demand ahead of exploitation of Brazil's huge offshore oil
The plant is located at the Acu Superport, one of the
world's biggest port complexes.
Nelson Porchet, human resources chief at Technip's Brazilian
branch, said the factory would be inaugurated in the second
half of December and would aim to produce 120 km of flexible
pipes in the first year.
The plant, Technip's second in Brazil, will be built with an
investment of $272 million and aims to respond to increased
demand for developing the huge pre-salt oil and gas reserves
discovered in 2007 off southeastern Brazil.
Technip already has another flexible pipe factory in
Vitoria, in Espirito Santo state, where it has been operating
for 26 years.
Dow Jones Newswires