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
May 21, 2019– 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. 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. “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.
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.
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.
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CONTACT: Carolyn N. Allan, +1 954.474.7800
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KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: Sintavia, LLC
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PUB: 05/21/2019 11:00 AM/DISC: 05/21/2019 11:01 AM