Dynamic Materials' DynaEnergetics Business Commences Commercial Shaped Charge Production at New Facility in Blum, Texas
(firmenpresse) - BOULDER, CO -- (Marketwired) -- 09/17/13 -- Dynamic Materials Corporation (DMC) (NASDAQ: BOOM) today announced that DynaEnergetics, DMC's global oilfield products business, has commenced commercial production at its new shaped charge facility in Blum, Texas. Shaped charges are key components in DynaEnergetics' perforating gun systems, which are used in the completion of oil and gas wells.
The Blum facility will supply 16 DynaEnergetics distribution centers in the United States, Canada and South America, and will augment production at DynaEnergetics' flagship facility in Troisdorf, Germany. DynaEnergetics also is building shaped charge and perforating gun production facilities in Siberia, Russia, which are scheduled for completion by May 2014.
"We recently conducted trial manufacturing runs at Blum, and are extremely pleased with the performance of the production equipment and test charges," said John Biggs, vice president and general manager of DynaEnergetics Americas. "Customers throughout the Americas can be certain that the manufacturing, safety and product-performance standards at the Blum facility mirror those of our Germany-based operations. Moreover, these customers will now benefit from the logistical enhancements that will result from regional production."
Approximately 15 employees will initially staff the Blum operation, which is six miles from DynaEnergetics' perforating gun manufacturing center in Whitney, Texas. Michelle Dennis, who joined DynaEnergetics in June as plant manager, will oversee production operations at both the Blum and Whitney plants.
Ian Grieves, president of DynEnergetics' global operations, said, "The startup of this state-of-the-art facility expands our shaped charge production capacity by approximately 75 percent, and represents a key milestone in our long-range global growth strategy. With next year's completion of our plant in Siberia, we will have established major new manufacturing operations in two of the world's most active oil and gas regions. DynaEnergetics' three shaped charge plants will provide customers with a truly global production and distribution resource."
Based in Boulder, Colorado, Dynamic Materials Corporation serves a global network of customers in the energy, industrials and infrastructure markets through two core business segments -- Nobelclad and DynaEnergetics -- as well as a specialized industrial service provider, AMK Welding. The Nobelclad segment is the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. DynaEnergetics is an international manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. AMK Welding utilizes various specialized technologies to weld components for use in power-generation turbines, and commercial and military jet engines. For more information, visit the Company's websites at and .
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Datum: 17.09.2013 - 12:00 Uhr
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News-ID 297301
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