Yangzhou Chengde Steel Tube wins BHEL contract
Yangzhou Chengde Steel Tube has won the first contract from India’s leading boiler maker Bharat Heavy Electricals Ltd (BHEL) to supply about 4,000 tons of seamless steel pipes after completing the year-long rigorous vendor validation process. This is the first time that BHEL has successfully validated a Chinese large-diameter seamless steel pipe supplier for its entire product range from special alloy for super-critical boilers to carbon steel pipes. Yangzhou Chengde is China’s leading seamless steel tube manufacturer founded by Zhang Huaide and invested by Carlyle Asia Partners since March 2007.
Brian Lu, COO of Yangzhou Chengde said: “This marks the beginning of our expansion into South Asian markets, which will be a key driver of our future growth. We are grateful to The Carlyle Group for their assistance in the Indian market.”
Herman Chang, senior director of Carlyle Asia Partners said: “This is an excellent example of how Carlyle help our portfolio companies enter new markets by leveraging our global network. With its competitive products, Yangzhou Chengde is positioned to play a significant role in this segment.”
Yangzhou Chengde produces 200,000 tons of seamless pipes per annum for up to 1000 mm in outer diameter and 100 mm wall thickness. Yangzhou Chengde serves many industries such as power boilers, offshore oil and gas, refinery, heavy machinery and natural gas cylinders.BHEL is the largest engineering and manufacturing enterprise in India in the energy-related and infrastructure sectors.
The Carlyle Group is a global private equity firm with $84.5 billion of assets under management committed to 64 funds as of March 31, 2009.