Joint Venture & Partnership

Airtrust also has a number of key joint venture companies, outside of its subsidiary businesses:

Tubular Resources

A joint venture company between Tianjin Pipe International Economic & Trading Corporation (TPCO), Hunting and Airtrust, exclusively distributes into Southeast Asia oil country tubular products (OCTG) and line pipe manufactured by TPCO. Tubular Resources offers API and premium connections including Hunting's family of proprietary SEAL-LOCK(R) and TKC connections presently manufactured at the Tianjin facility. It will also have access to Hunting's expertise as a vertically integrated tubular system supplier, Hunting's network of 15 company-owned sales and service centers, and Airtrust's 30 years of hands-on experience and knowledge in Southeast Asia. Tubular Resources's exclusive market includes Singapore, Malaysia, Thailand, Vietnam, Myanmar, Australia, New Zealand, Philippines, Indonesia, PNG, Timor, Brunei, China Offshore, India and Taiwan.

Tianjin Huaxin Premium Connections Pipe Co. Ltd.

A joint venture company between Tianjin Pipe Corporation and Hunting Airtrust Tubulars Pte Ltd operates a premium connection threading facility in Tianjin, China. The facility is capable of manufacturing Hunting’s SEAL-LOCK and TKC family of connections. SEAL-LOCK BOSS, SEAL-LOCK HT, SEAL-LOCK HC and the API enhanced TKC threads are available from 4-1/2” – 10-3/4” OD in all API grades. All products are threaded under Hunting’s Quality Assurance System which aims for highest level of efficiency while complying with the requirements of API Q1, BS EN and ISO 9002.

TPCO Pan Asia Pte Ltd

TPCO Pan Asia Pte Ltd is a new steel pipe business set-up jointly by TPCO, Airtrust and other private investors. It is in the process of constructing a pipe treatment plant in Batam, Indonesia.

Shareholding

Brian Chang / Yantai / Taisun Group

Airtrust has a presence in China through our associate, the Taisun/Brian Chang Group. In conjunction with China National Petroleum Corporation, Taisun/Brian Chang has set up an oil terminal Taichang Port, on the Yangtze River Delta, one of the richest areas in China.

Taisun/Brian Chang Group is the majority owner of Yantai Raffles Shipyard, the only shipyard in China to be foreign controlled and majority owned. The shipyard located on Zhifu Island, Yantai has more than 25 years of shipbuilding experience. It is working towards achieving ISO 9002 and GJB/Z9002 National Navy standards.