...Port Bienville Industrial Park had the characteristics a growing pipe
manufacturer from India needed: proximity to customers, access to water, rail
and truck transportation corridors.
...For PSL Limited of Mumbai, India, setting up a joint venture with Indian
and American partners to establish a pipe mill in the United States made
sense. Little did they know how quickly it would pay off. Before the plant
was finished, it landed a multimillion-dollar project to supply pipe to Florida
Power Co.
...The India company’s U.S. operation, PSL North America in Port Bienville
Industrial Park, began production in January 2009 and is considered by its
parent to be the most technically advanced in the world.
...The plant makes, coats and internally lines large diameter pipe in diameters
ranging from 24 to 60 inches, wall thickness of a quarter inch to one inch and
lengths of up to 80 feet. Annual capacity will ultimately be 300,000 short tons.
The global vision
...PSL Ltd. is India’s largest producer of HSAW pipes with a production
capacity in excess of one million tons, with a target of 2 million by 2010. It
makes steel pipes, pipe mills and machinery as well as anticorrosive coating of
steel pipes. It is one of the largest pipe manufacturers in Asia with 12 mills.
...PSL Ltd. has over 30 years experience in spiral pipe production. In addition
to the plant in Port Bienville and a sales office in Houston, the company also
has a mill in the United Arab Emirates.
...But the international ties go beyond that. PSL Ltd. collaborates with
engineering firms in Germany and Italy, and the managing director of PSL
Ltd., Ashok Punj, received degrees from Illinois Institute of Technology in
Chicago.
...According to PSL Ltd’s Web site, PSL North America built the facility in
Mississippi as a joint venture with PSL Ltd. to supply U.S. demand for large
diameter line pipe for the natural gas industry.
...The company said the demand will continue to require more pipelines to
meet increased natural gas consumption, connect new natural gas sources
such as liquid natural gas terminals and replace existing pipelines. The plant
was located along the Gulf Coast to be close to market demand and minimize
overall freight costs. Access to several shipping methods at the 155-acre site is
one of the benefits.
...The plant is served by the Port Bienville Railroad, which provides it with
connections to various Class 1 carriers. PSLNA also has water access thanks
to a 1,200 foot barge slip. The site also has nearby access to Interstates 10
and 59 for truck shipments.
...Customers can be served by rail, barge and truck, as can incoming coil
shipments.
...Locating the plant in Bay St. Louis has already benefited the parent
company. While the plant was being set up, the first order from Florida Gas
Co., valued at $418 million, was landed.
...According to PSL Ltd.’s 2009-2010 annual report, the company invested
$20 million towards the equity capital of its wholly owned U.S. subsidiary,
PSL USA Inc., which was incorporated in 2006. That subsidiary owns 78
percent of the joint venture, PSL North America LLC. The report places the
value of PSL USA’s property, plant and equipment at $98 million.
...In a letter to shareholders on the company’s Web site, Punj said the
company had “readied itself for rapid globalization,” and the plants in the
UAE and in Bay St. Louis not only served to test the waters, but “earned for
themselves high RoI (return on investments) by bagging orders before
commercial production – a first for a first-time overseas venture of this
size…" - David Tortorano
October 2009
manufacturer from India needed: proximity to customers, access to water, rail
and truck transportation corridors.
...For PSL Limited of Mumbai, India, setting up a joint venture with Indian
and American partners to establish a pipe mill in the United States made
sense. Little did they know how quickly it would pay off. Before the plant
was finished, it landed a multimillion-dollar project to supply pipe to Florida
Power Co.
...The India company’s U.S. operation, PSL North America in Port Bienville
Industrial Park, began production in January 2009 and is considered by its
parent to be the most technically advanced in the world.
...The plant makes, coats and internally lines large diameter pipe in diameters
ranging from 24 to 60 inches, wall thickness of a quarter inch to one inch and
lengths of up to 80 feet. Annual capacity will ultimately be 300,000 short tons.
The global vision
...PSL Ltd. is India’s largest producer of HSAW pipes with a production
capacity in excess of one million tons, with a target of 2 million by 2010. It
makes steel pipes, pipe mills and machinery as well as anticorrosive coating of
steel pipes. It is one of the largest pipe manufacturers in Asia with 12 mills.
...PSL Ltd. has over 30 years experience in spiral pipe production. In addition
to the plant in Port Bienville and a sales office in Houston, the company also
has a mill in the United Arab Emirates.
...But the international ties go beyond that. PSL Ltd. collaborates with
engineering firms in Germany and Italy, and the managing director of PSL
Ltd., Ashok Punj, received degrees from Illinois Institute of Technology in
Chicago.
...According to PSL Ltd’s Web site, PSL North America built the facility in
Mississippi as a joint venture with PSL Ltd. to supply U.S. demand for large
diameter line pipe for the natural gas industry.
...The company said the demand will continue to require more pipelines to
meet increased natural gas consumption, connect new natural gas sources
such as liquid natural gas terminals and replace existing pipelines. The plant
was located along the Gulf Coast to be close to market demand and minimize
overall freight costs. Access to several shipping methods at the 155-acre site is
one of the benefits.
...The plant is served by the Port Bienville Railroad, which provides it with
connections to various Class 1 carriers. PSLNA also has water access thanks
to a 1,200 foot barge slip. The site also has nearby access to Interstates 10
and 59 for truck shipments.
...Customers can be served by rail, barge and truck, as can incoming coil
shipments.
...Locating the plant in Bay St. Louis has already benefited the parent
company. While the plant was being set up, the first order from Florida Gas
Co., valued at $418 million, was landed.
...According to PSL Ltd.’s 2009-2010 annual report, the company invested
$20 million towards the equity capital of its wholly owned U.S. subsidiary,
PSL USA Inc., which was incorporated in 2006. That subsidiary owns 78
percent of the joint venture, PSL North America LLC. The report places the
value of PSL USA’s property, plant and equipment at $98 million.
...In a letter to shareholders on the company’s Web site, Punj said the
company had “readied itself for rapid globalization,” and the plants in the
UAE and in Bay St. Louis not only served to test the waters, but “earned for
themselves high RoI (return on investments) by bagging orders before
commercial production – a first for a first-time overseas venture of this
size…" - David Tortorano
October 2009
Materials
Investment pays off early for PSL NA
Investment pays off early for PSL NA
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