Asset Sale & IP Licence Agreement
Sydney, Australia – Tubi Limited (ASX:2BE) (Tubi or Company) is pleased to advise that it has entered an Asset Purchase Agreement with Mosaic Fertilizer, LLC (Mosaic), Hopetoun Corporation Pty Ltd (Hopetoun) and Tubi USA, Inc, a wholly-owned subsidiary of the Company, dated 24 March 2022 (ASA) to sell, transfer and assign the rights to two Mobile Plants, numbers 5002 and 5003, together with lab, Reeling & Stringing and other assets located in Bartow, Florida USA to Mosaic for US$10M (Mobile Plants). Mobile Plant 5003 is owned by Hopetoun. Mobile Plant 5002 together with the other assets are owned by the Company or its wholly-owned subsidiary.
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Tubi USA Inc. has launched a patented Mobile Modular Extrusion system which reduces logistics, installation, and handling costs for the manufacture and installation of high-density polyethylene (HDPE) pipe for the mining, oil and gas, irrigation, and…
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Tubi USA Inc. has launched a patented Mobile Modular Extrusion system which reduces logistics, installation, and handling costs for the manufacture and installation of high-density polyethylene (HDPE) pipe for the mining, oil and gas, irrigation, and municipal water and wastewater industries.
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The company Tubi USA Inc. has launched a patented modular extrusion system which reduces logistics, installation, and handling costs for the manufacture and installation of high-density polyethylene (HDPE) pipes for the mining, oil and gas, irrigation, and municipal water and wastewater industries.
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Breakthrough System Reduces Operational Costs for Mining, Oil and Gas, Water, Wastewater, and Irrigation Infrastructure Projects
DALLAS, November 2, 2020 –Tubi USA Inc. has launched a patented Mobile Modular Extrusion system which reduces logistics, installation, and handling costs for the manufacture and installation of high-density polyethylene (HDPE) pipe for the mining, oil and gas, irrigation, and municipal water and wastewater industries.
The breakthrough modularized production units operate at Tubi’s sites or each client’s site, directly reducing the cost of pipe transportation and ensuring a certainty of supply at each plant for exclusive client use or for other customers. These mobile extrusion plants can be packed onto flatbed trucks and hauled to project sites in 72 hours to manufacture HDPE pipe for a wide range of infrastructure projects. In the current pandemic, Tubi can move its modular plants where needed and operate at 100% capacity compared to traditional pipe manufacturers in permanent facilities who may face capacity limitations in a down market.
“Our game-changing modular technologies address the needs of an ever-increasing and far-spanning global community,” said Marcello Russo, Tubi CEO. “With our geographies widening, there is a real demand to utilize more efficient, flexible and sustainable methods of operation.” The new technology eliminates the risk of handling large pipe lengths while delivering sustainability advantages by reducing truck traffic. The mobile factories can be moved to strategic locations, thus providing increased flexibility compared to conventional brick-and-mortar plants.
Public road transportation is currently seen as the only viable way of delivering pipe, rendering the extrusion of long length pipe impossible, according to the company. Tubi’s modular extrusion plant offers unprecedented lengths of weld-free pipe produced directly on-site, reducing up to 95% of conventional weld joints. The plant can extrude 4- to 26-in pipe and has capability up to 48” in lengths of 500 feet or more. Each modular extrusion factory has 20 million lb of annual capacity.
Tubi – an accredited and certified pipe manufacturer – provides the highest quality standards which are directly integrated into this technology, with a world-class quality control unit incorporated within the modular design. The company utilizes inline x-ray and center wave technology processes along with the pipe standard requirements which yield high-quality HDPE pipe with a long service life and proven durability.
Tubi has established a new mobile manufacturing site in Bartow, Fla. with two plants that are now both fully commissioned and operational. The company won a large project and then leased space from the customer, Mosaic Co., which is the largest fertilizer producer in the world. Mosaic is using Tubi pipe for processing wastewater from phosphate mining. Tubi is producing the pipe in 500-foot lengths. “No one has done that on land before and Tubi also successfully produced 1,000-foot lengths of 16-inch pipe,” said Wes Long, Tubi COO.
The two new Florida plants have significant technological upgrades with production lines capable of the highest production rates and the most advanced quality control monitoring in the world. Previously, the Florida HDPE pressure pipe markets were geographically isolated from HDPE pipe manufacturing plants. The direct access to the new Tubi plants in central Florida reduces freight and installation costs, improves safety, reduces carbon emissions, and creates local jobs.
Tubi also currently operates a mobile extrusion plant in Odessa, Texas with plans to move a fourth new mobile extrusion plant to Tucson, Ariz. to serve the Southwest mining industry.
In New Zealand, Tubi’s mobile manufacturing unit produced 105 miles of HDPE pipe for irrigation of 50,000 acres of farmland. The logistics of delivering pipe in this rural area were significantly improved. The irrigation pipe was produced on-site in 100-meter lengths (328 feet). IPLEX NZ, an existing pipe producer in New Zealand, bought the plant from Tubi and operates it under license.
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About Tubi Group Tubi’s unique Mobile Modular Extrusion plant and exclusive Tubi Reeling System provides maximum project optimization at a minimal cost, delivering a world-class product with the guarantee of mobility, exclusivity, and flexibility. This patented technology is now responding to a broad stream of applications in an expansive and diverse world market. For more information, visit www.tubigroup.com.
Press Contact: Joseph Grande J. Grande communications Inc. 413.684.2463 joe@jgrandecommunications.com
Company Contacts:
Wes Long
214.490.4980
Jeff Sevario
225.290.4953
Read More... Publicly listed Tubi Group uniquely offers a high-density polyethylene (HDPE) pipeline extrusion plant that is truly mobile: it is fitted into shipping containers and can be moved to produce pipe anywhere in 72 hours plus travel time… Read the full article here
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When it comes to PET Resin, DAK Americas, an Alpek Polyester Business, is the One to Count On. From virgin PET Resins to integrated recycle content… our Laser+® PET Resins have been designed to meet the needs of today’s top consumer brands for Water, CSD, Heat-Set and Custom Containers for bottling and……
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As in virtually every aspect of the Permian Basin oil and gas industry, demand for pipe is exceeding the supply.
That has prompted Midland-based Milford to form a strategic partnership and distribution agreement with TUBI USA to deploy a mobile pipe production system throughout its operating area.
“Normally, you have a brick-and-mortar plant, but these can be moved in 48 hours,” Shawn Beard, Milford’s chief executive officer, told the Reporter-Telegram of TUBI’s systems.
He said they are designed to be deployed on the client’s…Read article here
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“Offering comprehensive solutions for the manufacture, logistics and engineering of on-site production and seamless stringing of high density polyethylene (HDPE) pipe systems through mobile extrusion plants, Tubi is your one-stop-shop for HDPE.
Tubi works at the highest standard of global industry testing to provide high-quality structured pipe in accordance with Australian/New Zealand and ASTM standards. It supplies long-length HDPE pipe in sizes ranging from DN/ID 90 mm to 3,500 mm, suitable for a magnitude of different pipe applications.
Clients that utilise these services include companies dealing with oil and gas, horizontal direction drilling (HDD), mining, contractors, pipeline, engineering, procurement and construction management (EPCM), water utility, irrigation, government bodies, and small distribution and pipeline construction companies.”
Extract from THE AUSTRALIAN PIPELINER | JULY 2017
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