TSC Group Holdings Limited, a global product and service provider for onshore and offshore drilling, and a strategic cooperation framework agreement with Hebei Iron and Steel Group Wuyang Iron and Steel Co., Ltd. (referred to as Wugang).
According to the agreement, the two parties will make full use of Wugang's large-thickness high-strength steel plate production and research and development capabilities, TSC self-lifting pile and leg rack cutting ability, and cooperate in the self-lifting platform rack supply business to provide customers with one-stop service. The service forms the Wugang+TSC brand and provides the rack and pinion products with competitive advantages in cost performance for shipbuilding enterprises engaged in marine equipment manufacturing.
High-strength pile-legged thick steel plate is the key material for the production of pile legs in offshore drilling platforms. Due to the high technical content and difficult production, these seven-inch thick pile-legged steel plates are all dependent on imports. Only a few companies in the world can produce.
Therefore, this strategic cooperation between Wugang and TSC can solve a difficult problem of the jack-up drilling platform, and also reduce the cost of manufacturing the pile legs and enhance the competitiveness of China's marine engineering shipbuilding enterprises.
According to the agreement, the two parties will make full use of Wugang's large-thickness high-strength steel plate production and research and development capabilities, TSC self-lifting pile and leg rack cutting ability, and cooperate in the self-lifting platform rack supply business to provide customers with one-stop service. The service forms the Wugang+TSC brand and provides the rack and pinion products with competitive advantages in cost performance for shipbuilding enterprises engaged in marine equipment manufacturing.
High-strength pile-legged thick steel plate is the key material for the production of pile legs in offshore drilling platforms. Due to the high technical content and difficult production, these seven-inch thick pile-legged steel plates are all dependent on imports. Only a few companies in the world can produce.
Therefore, this strategic cooperation between Wugang and TSC can solve a difficult problem of the jack-up drilling platform, and also reduce the cost of manufacturing the pile legs and enhance the competitiveness of China's marine engineering shipbuilding enterprises.
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