WSP Holdings Company Description
In a country that leads the world in steel production, WSP Holdings is hoping to carry its weight. The Chinese manufacturer, operating through various subsidiaries, produces seamless casing, tubing, and drill pipes. Referred to collectively as OCTG (Oil Country Tubular Goods), its products are used by the energy industry for oil and natural gas exploration, drilling, and extraction purposes. WSP sells domestically to leading Chinese oil companies, as well as internationally in North America, the Middle East, Africa, and Russia. Operating one drill pipe production line and eight threading lines, it produces 585,000 tons of seamless OCTG annually. Chairman Lonhua Piao owns just more than half of WSP.
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The Company Description provides a historical perspective of WSP Holdings's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of WSP Holdings's evolution in the marketplace.
