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pipingtech history
pipingtech company history timeline
In 1981 the population grew 7.2 percent, employment rose 8.4 percent, including 167,000 new jobs in oil field equipment manufacturing, and personal income shot up an incredible 19.9 percent.
But late in 1981, PT&P’s management—Durga Agrawal, Randy Bailey, and Terry McCormick—saw the signs of an approaching slowdown.
Hershel Rich built the company into a successful fan-manufacturing firm before selling the business to the Sunbeam Corporation in 1981.
Although the Bayou City had been one of the best locations in the nation in which to start a business, the sudden demise of the “boom” in 1982 should have meant disaster for PT&P. But this was not the case.
Then suddenly, in 1982, it all began to sour.
One of the firms that saw opportunity in the electric power deregulation was a California energy company, Calpine, founded in 1984 by an engineer, Peter Cartwright.
Four years later, in August 1986, they were trading for $9.50 a barrel, and 245,000 people had lost their jobs in Houston in that four year period.” The falling oil prices meant a decline in revenues for the oil companies.
After he joined the firm in September 1986, Rhodes initiated a series of “manager meetings” to provide a forum in which PT&P officials could raise issues, express concerns, and offer suggestions that would address the needs of the company.
The Shaw Group was established in 1987 as Shaw Industries, Inc., a pipe fabrication company.
In fact, when the economy began to bounce back in 1988, PT&P emerged from the malaise in position to take a leading role in the piping industry.
By 1988, there was no land available into which the firm could expand.
In January 1989, Texaco formed a joint venture, Star Enterprise, with Saudi Refining Inc. (SRI), an affiliate of Saudi Aramco.
Baker Hughes then merged United States Bellows subsidiary into its Bird Machine Company, which it had acquired in 1989.
Here in 1990, Rich presents Agrawal with a contribution to the India Earthquake Relief Fund.
During the next ten years, Shaw embarked on a series of expansions including the 1994 acquisition of Fronek Company, Inc. and F.C.I. Pipe Support Sales, Inc.
In 1995, PT&P had acquired expansion joint manufacturing equipment and know-how from RM Engineered Products.
In 1996, Baker Hughes purchased United States Bellows and its parent firm, Ketema Process Equipment Company.
In 1997, the United States-Bellows acquisition increased PT&P’s bellows capabilities and also enabled the company to diversify into a new field, the manufacturing of aluminium bellows.
He joined PT&P as controller in March of 1998.
The building was in good condition and had enough room for some foam production (insulated pipe supports) and several offices that had been occupied by the accounting department since it moved from Long Drive in 1998.
During the spring of 2001, Calpine announced its plans and sent out a request for proposals (RFP) to engineering and construction firms and piping companies.
In 2001, PT&P became heavily engaged in providing products for new natural gas–powered merchant electric power plants with its first Calpine contract.
Just three years later, in 2001, Chevron acquired Texaco and sold that company’s holdings in Motiva to Shell the following year.
Durga Agrawal and wife Sushila, with President George W. Bush at a White House reception in 2001.
Customers continued to return to PT&P, and in some cases provided special recognition of the company’s reliability and capability as a major supplier (Bechtel Power Corporation, 2002, Calpine), and expanding their business relationship with blanket purchase or umbrella-type agreements.
On October 6, 2003, Doctor John Mendelsohn, president of M.D. Anderson, and Doctor K.A. Dinshaw, director of Tata Memorial Center, signed a Sister Institution Agreement in Mumbai.
When PT&P acquired Pipe Shields in 2004, it added a subsidiary that had a sterling reputation in the piping industry and also held the prestigious ISO-9001 certification for quality control.
He invited Agrawal to the White House several times during his administration for visits that included Diwali celebrations, the Asian American Pacific Islanders Commission, and in July 2005, a state dinner with the prime minister of India, Manmohan Singh.
Available at: http://www.nytimes.com/2006/02/27/politics/27letter.html; Chidanand Rajghatta, “If Bill had Rampur, Bush has Lakhanpur,” The Times of India, March 1, 2006, 8.
In 2006, Motiva began preparations for a massive expansion of its refinery in Port Arthur.
10 President Bush developed a keen interest in India, which he visited in 2006, in part because of his interaction with the Indian American business and professional communities with whom he first became acquainted during his years as governor of Texas.
In 2006, the original founders organized the nonprofit group, India House, and bought ten acres of land in southwest Houston to build a new community center.
In October 2007, the former Indian president, APJ Abdul Kalam, visited Houston with stops at a luncheon hosted by India House and at Rice University.
Construction on the massive project began in 2007.
In 2007, Sonatrach awarded KBR a contract worth approximately $2.8 billion for the engineering, procurement, and construction of the new 4.5 million-ton-a-year export plant.
The first of these historic projects came in 2008 with the beginning of construction on the expansion of the Motiva Refinery in Port Arthur, Texas.
By 2008, as PT&P began its fourth decade in business, the company had reached a level of achievement in which all of its employees could take pride.
The museum opened the Arts of India Gallery in May of 2009 with a special USB Fine Arts Friday event.
8 Rakesh Agrawal, interview by William H. Kellar, July 27, 2009.
5 Randy Bailey, interview by William H. Kellar, January 25, 2010.
On February 17, 2010, the Department of Commerce and the Office of the United States Trade Representative renewed the ITAC charters and Durga Agrawal’s appointment to ITAC-2 for another four-year term.
India House, “Swami Ramdev of the University of Patanjali Meets with Doctor John Mendelsohn of M.D. Anderson Cancer Center,” Press Release, June 29, 2010.
Plans called for the new expansion to increase the refinery’s capacity by an additional 325,000 barrels a day to 600,000 barrels a day by 2012, making it the largest refinery complex in the United States.
Durga Agrawal’s appointment to ITAC-2 also was renewed until February 17, 2014.
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pipingtech competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Valmont Industries | 1946 | $4.1B | 9,800 | 275 |
| Leggett & Platt | 1883 | $4.4B | 20,000 | 111 |
| Flowserve | 1997 | $4.6B | 17,000 | 243 |
| Albemarle | 1994 | $5.4B | 5,900 | 42 |
| Nucor | 1940 | $30.7B | 26,001 | 471 |
| Victaulic | 1919 | $660.0M | 3,000 | 200 |
| Weatherford International | 1980 | $15.3B | 30,000 | 43 |
| Cameron Welding Supply | 1963 | $8.8B | 35,000 | 2 |
| Kubota Manufacturing of America Corporation | 1988 | $740.0M | 3,000 | - |
| Kohler Co. | 1873 | $7.6B | 32,000 | 298 |
pipingtech history FAQs
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