Sam Arnold / AICG Secures $65 Million in Funding for Oil Pipe Company’s Expansion

Songyuan Daduo Oilfield Accessory Industry Co Ltd. to use the funds to expand their business of refurbishing oil drill pipes with ceramic coating using a proprietary technology.
By: AICG
 
Nov. 18, 2009 - PRLog -- The American Independent Capital Group, Inc (AICG) and Sam Arnold have secured staged funding of US $65 million (442 million RMB) for Songyuan Daduo Oilfield Accessory Industry Co Ltd.  The capital is intended to be used by the company for business expansion by constructing and operating factories in new geographic areas.

Songyuan Daduo Oilfield Accessory Industry Co Ltd. is a four year old company located in Songyuan City of Jilin Province in the northeast section of the People’s Republic of China.  The largest oilfields in China surround Songyuan City.

AICG worked under an exclusive contract with Songyuan Daduo to assist in the translation of business documents, writing business plans, and preparing documents to support the Company’s investment position.  The entire project, from contract signing to capital acquisition, took approximately four months.

The company has developed a proprietary and patent protected process for coating the inside of 10 meter long steel drill pipes.  Daduo is the only company in the world possessing the technology to process pipes of this length.  The procedure may be used to both manufacture new pipes and to refurbish old pipes, thereby increasing their useful lives.  For example, Songyuan Daduo factories are located in the midst of the Jilin Oilfield, China’s sixth largest land-based oilfield.  In the Jilin oilfield, the current useful life of a conventional steel pipe is 8 years; following refurbishing by Daduo the pipes are expected to be useful for up to 80 years, resulting in obvious savings on replacement costs.

The process used by Daduo is the result of extensive product development efforts, and is protected by patents and other intellectual property rights.  The company has found that refurbishing old pipes is both more cost effective for their customers and more profitable for Songyuan Daduo Oilfield Accessory Industry Co Ltd.  Thus, the company has focused their resources in this area.

Due to high demand and limited manufacturing facilities Songyuan Daduo will use the capital secured by AICG to expand their business by constructing, over the next five years, several new manufacturing facilities at sites near their customers to save on logistical costs.

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About: Sam Arnold / American Independent Capital Group (AICG)

Sam Arnold / American Independent Capital Group (AICG) provides linkage between enterprises seeking capital and investors. With twenty-five years of experience in the financial services industry, AICG has a deep understanding of the needs of both investors and companies seeking an infusion of capital.

AICG has offices in Panama and the People’s Republic of China.

AICG also has the capability of providing a number of financial and business related services. AICG business consultants can conduct feasibility studies and market research, develop marketing strategies, and prepare comprehensive business plans.
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Source:AICG
Email:***@aicg.biz Email Verified
Zip:100102
Tags:Aicg, Sam Arnold, Energy, Oil, Oil Drill Pipes, Technology, Ceramic, Ceramic Coating
Industry:Energy, Financial, Technology
Location:Beijing - Beijing - China
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