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EME Accounts 31 December 2007
21 April 2008
Edgen Murray Europe has reported another record year for turnover and profits during 2007. The company, which is headquartered in Edinburgh, has a staff of 130 and is a global distributor of speciality steel pipes, long products, plates, fittings and valves for the energy infrastructure industries. Current overseas office locations include Dubai, Shanghai, Singapore and Perth, Australia with further office locations planned for the coming year.
Turnover for the year to 31st December 2007 was £179.8 million, a growth of 13.6 percent on the previous year, with pre-tax profits growing by 17.4 percent to £24.2 million.
Ken Cockburn, the company’s managing director said: “Edgen Murray Europe has significantly expanded their product offering and geographic reach since being acquired from the Murray group, in December 2005, by management and Jefferies Capital Partners”.
Cockburn added: “Our results over the years have been very impressive and are a tribute to the staff we employ throughout the Company”.
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New Edgen Murray Divisional Organisation Structure
18 January 2008
To better define and position our company for additional growth we will adopt a new divisional organizational structure and better define our corporate function and responsibilities.
Craig Kiefer has been named Executive Vice President and General Manager Edgen Murray Western Hemisphere. Mr. Kiefer will have full responsibility for the profitability, sales, marketing, operations, procurement, strategy, planning and leadership development for the division and will continue to report to me in his new capacity.
Dan Keaton has been named Chief Financial Officer, Edgen Murray Western Hemisphere. Dan will be responsible to Mr. Kiefer for the accounting, budgeting, and finance of the division. Additionally, he will report to David Laxton, Executive Vice President and Chief Financial Officer of Edgen Murray in matters related to consolidated reporting, new initiatives and execution of company wide financial and accounting policies. All current corporate accounting, credit, collections, and accounts payable personnel will become part of the Edgen Murray Western Hemisphere staff.
Ken Cockburn has been named Executive Vice President and Managing Director Edgen Murray Eastern Hemisphere. Mr. Cockburn has full responsibility for the profitability, sales, marketing, operations, procurement, strategy, planning and leadership development for the division and will continue to report to me.
David Kemp has been named Finance Director, Edgen Murray Eastern Hemisphere and will be responsible to Mr. Cockburn for the accounting, budgeting, and finance of the division. Additionally, he will report to David Laxton, Executive Vice President and Chief Financial Officer of Edgen Murray in matters related to consolidated reporting, new initiatives and execution of company wide financial and accounting policies.
David Laxton Executive Vice President and Chief Financial Officer Edgen Murray will continue to be responsible for all consolidated reporting, new initiatives, and execution of the company’s financial and accounting policies, treasury and external reporting functions. Mr. Laxton will continue to assist me in strategy and overall business development of Edgen Murray.
Glenn Marcel has joined the corporate staff of Edgen Murray as Vice President and General Counsel responsible to me for the coordination and execution of all legal affairs and regulatory compliance.
Jerry Daly has been named Sr. Vice President of Administration for Edgen Murray. Jerry’s responsibilities include human resource administration and coordination, facilities management, risk management, safety, security, travel, quality system coordination and environmental compliance.
Bob Gilleland, Sr. Vice President Global Supply Chain will continue his current responsibilities and is working closely with Mr. Kiefer to integrate procurement systems and inventory control responsibilities in the Western Hemisphere.
Alan Jones, Sr. Vice President and Chief Information Officer will continue to be responsible for all of Edgen Murray’s technology needs, information systems development and integration.
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Quality, Health & Safety and Environmental Approva
21 June 2007
In keeping with our policy of continuous improvement and growth, Edgen Murray FZE will soon add to its existing ISO 9001:2000 and OHSAS 18001:1999 certification, the ISO-14001 Certification from DNV for Environmental Management Systems.
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Boiler Quality Plate Stocks
21 June 2007
EDGEN MURRAY FZE TODAY HAVE A COMPLETE RANGE OF PRESSURE VESSEL QUALITY PLATES IN THE THICKNESS RANGE 6mm TO 80mm ACCORDING TO ASME/ASTM/SA-516 GR-60/65/70 WITH EN:10204/3.2 (LlOYDS) CERTIFICATION FROM REPUTED WEST EUROPEAN MILLS.
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Alloy Stock Holding
21 June 2007
With the growth in Business in the UAE and the ambitious plans to stock a complete range of alloy (chrome-moly, nickel alloys and duplex stainless steel) Pipes and Pipe components, Edgen Murray will soon have a purpose built warehouse as an extension to the existing facility.
Orders have already been placed with Vallourec & Mannesmann for Chrome-Moly pipes and with Tubacex for Duplex Pipes. Before the end of the year our range of Pipes will include Chrome-Moly pipes in Grades P-5,
P-9,
P-11,
P-22 and P-91 with IBR( INDIAN BOILER REGULATION ACT) Certification;
and Duplex Pipes certified to ASME/ASTM SA A790 UNS31803/32205, EN:10216-5 TC1 Grade 1.4462 Latest Editions.
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