Issue 11 - Upstream's Upswing - Lockwood International

Lockwood’s New Upstream Home
Lockwood’s newest real estate acquisition. The class “A” office
building has 6,000 sq. ft. office space, with approximately 40,000 sq.
ft. in warehouse space. The facility houses Lockwood’s Upstream/
Automation Division and will make way for growing our Engineering
group. The office and warehouse space sit on over 18 acres of land
in Northwest Houston, so expansion will not be an issue. The facility
has easy access to Beltway 8, Highway 290 and I-45.
Phone: 713.670.5200
Email: upstream@lockwoodint.com
(continued from - Upstream’s Upswing cover)
The evolution of oil exploration and production has changed so
much that valve market requirements have shifted to higher pressure
classes, larger sizes and special materials. In addition, raw
material costs have rapidly risen over the past twelve months. The
capacity of forgings are filling up and the market appears to be back
to the “good ol’ days” of 2007 and 2008. Some forging mills have
already reported to be at capacity through 2011 and are receiving
orders for 2012. That momentum will continue to build as Lockwood
Upstream settles into their new facility and is now receiving their inventory
of Perar ball valves for the gas transmission sector. But the
question remains, “Can supply keep up with demand?”