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WSP Holdings Ltd Investor Presentation - September 2010

November 03, 2010 – Comments (0) | RELATED TICKERS: WH

Full PDF presentation September 2010:

http://media.corporate-ir.net/Media_Files/IROL/21/216706/WSPPresentationSeptember2010.pdf

Highlights:

June -10: Commenced trial production of the threading line in Houston with capacity of 120,000 tpa
February - 10: Established WSP Pipe Company Limited in Thailand to supply green pipes to international markets
September-09: Started operation of the first inspection line in Houston OCTG Group, Inc.

Expansion Plans
Liaoyang Seamless Liaoyang, Liaoning Province:  1 hot rolling line    300,000 tpa    Q2 2010
WSP Pipe Thailand                                         :   2 hot rolling lines  200,000 tpa    December 2010
Bazhou Seamless Kuerler, Xinjiang:                  :  1 hot rolling line    500,000 tpa    December 2010
Bazhou Seamless Kuerler, Xinjiang                   :  3 threading lines   300,000          Q3 2010

Current capacity:

Pipe Finishing: 1,044,000 tpa (total planned pipe finishing capacity end of year 2010: 1,344,000 tpa)

Production and inspection lines: 450,000 tpa (Q4 2010: 1,450,000 tpa)

Steel Billet manufacturing: 900,000 tpa

Current P/B: 0,4, Current P/S 0,3. Current market cap 141 million, shareholder equity 387 million.