SB American Tubulars

SB American Tubulars, LLC has entered into a financing arrangement with Boomerang Tube LLC whereby SB has purchased a new, state-of-the-art heat treatment line from F&D Furnaces and leased the equipment to Boomerang Tube. The gas-powered furnace will be operated by Boomerang Tube in its new OCTG mill in Liberty, Texas, and has an annual heat treat capacity of approximately 100,000 tons. The total cost of the project is over USD$20 million. This heat treatment line allows Boomerang Tube to produce high-quality, heat-treated OCTG casing for use in critical downhole oil and gas drilling operations.