Titan Production Equipment said that it has officially commenced its oil and production equipment business, following the acquisition of Exterran’s North American production equipment business.
Image: Titan Production Company's Columbus, Texas facility. Photo: courtesy of Business Wire.
The new company plans to scale up quickly, aiming to become the market leader in the design, engineering and manufacture of oil and gas production equipment used to separate, process and treat hydrocarbon streams – including glycol regeneration dehydrators, as well as two- and three-phase separators.
Titan’s massive 210,000 square-foot Columbus, Texas production facility is one of the largest of its kind in the United States. With a capacity to manufacture more than 4,000 units a year, Titan’s plant features a fit-for-purpose layout designed for high-volume, complex manufacturing.
Titan Production Equipment CEO Chris Werner said: “With our acquisition complete, Titan is taking orders, serving customers, hiring employees and ramping up production.”
The oil and gas production equipment market is dealing with a lack of manufacturing capacity, explains Werner, leaving customers with long lead times, product quality issues and limited engineering support.
But Titan’s expansive manufacturing capacity puts the company in a unique position to relieve market constraints, says Werner. For customers with unique requirements, Titan features a veteran, in-house engineering team able to design specific solutions.
Titan’s acquisition also included what is considered an industry standard – Exterran’s portfolio of production equipment engineering designs and drawings.
Titan is continuing an oil and gas field legacy that began in 1927. The company began as Smith Industries, becoming Hanover-Smith and then Exterran before Castle Harlan, Inc., a private equity investment firm, acquired the company’s North American production equipment manufacturing assets and created Titan this year.
Werner said: “We’re excited to bring needed capacity to the marketplace.
“Over 80 employees have been hired, with plans to expand our team to 200 by year’s end. More than 90 percent of our team is part of the company’s legacy, bringing with them a rich skill-set of product and design knowledge.
“It’s what our Columbus facility is known for – delivering high-quality products on-time to our customers.”
Source: Company Press Release