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The group's principal activity is to manufacture, remanufacture and distribute oil field products and services to the oil and gas industry. the group operates through three segments namely: the pressure control, the product and the distribution segment. the pressure control segment manufactures and repairs valves, chokes, actuators and other equipment. the product segment manufactures specialty bolts and fasteners, fabricates equipment and components for use in the exploration and production of oil and gas. the distribution segment distributes pipes, valves, stud bolts, gaskets and other ancillary products. during the year 2001, the group acquired a& b bolt & supply inc. pressure control accounted for 58% of 2001 revenues; Distribution, 34% and products, 8%. |