New High-Strength Corrosion-Resistant Alloy Now Available from HOWCO INCOLOY(R) Alloy 945 Uniquely Suited to Oil and Gas Applications



    HOUSTON, June 11 /CNW/ -- HOWCO Group, a global supplier of hi-tech
materials to the oilfield services industry, has added a new
corrosion-resistant alloy (CRA) to its family of CRAs.
    INCOLOY(R) alloy 945 will be especially useful in sour well drilling and
deep water drilling projects.  The new alloy is suitable for applications
requiring high strength (125 minimum yield) and corrosion resistance in
extreme conditions.
    INCOLOY(R) alloy 945 has superior corrosion resistance to alloy 718, and
it was developed specifically for use in harsh environments with extreme heat
and pressure.  It is a specialized nickel hybrid of alloy 925 and alloy 718.
It offers the best of both alloys -- higher strength capability and excellent
corrosion-resistance.
    INCOLOY(R) alloy 945 is NACE MR0175/ISO-15156-3 approved for use in oil
and gas applications up to NACE level VI.
    "The drilling and exploration industry will welcome this new alloy when
they see its dramatic capabilities in the field," said Cliff Swift, Vice
President of Sales and Marketing for North America, HOWCO Group.  "Real world
experience tells us this is an important step forward."
    Special Metals Corporation, the developer of the new alloy, and HOWCO
Group have a complete range of bar, ingot, billet and heavy wall mechanical
tube products in supply, and are prepared to meet demand and support a fast
entry into the oil and gas arena.
    "We are fortunate to be aligned with Special Metals and we are ready to
meet the needs of our oil and gas customers," said Swift.  "There is a
significant demand for stronger and more resistant materials for extreme
environments, and we are prepared to meet that demand."
    The timely introduction of this new alloy could not have been more
appropriate given the current climate in the oil and gas sector.  Increased
demand for energy is projected to continue over the next decade.  Strong oil
and metals prices, increased exploration and production in the oil and gas
industry are certain to follow.
    Technological advancement in deepwater drilling and intelligent well
systems that function in hostile environments, create more demand for high
nickel products.  HOWCO has traditionally specialized in advanced high-nickel
materials.
    
    The HOWCO Group
    
    The HOWCO Group is a market leader in high performance metals.  With 30%
market share, HOWCO is a leader in high nickel products for hostile
oil-producing environments (such as deepwater drilling) and is a global
supplier for oilfield service, focusing on supply chain management, added
value processing and manufacturing.  With 14 locations, HOWCO operates
globally through subsidiaries in the U.S., Canada, Singapore, Europe and the
UK.  For more information visit www.howcogroup.com .
    
    Special Metals Corporation
    
    Special Metals Corporation is a world leader in the invention, production
and supply of high-nickel, high-performance alloys used for the world's most
technically demanding industries and applications.  Special Metals offers the
largest range of highly engineered nickel alloys in all standard mill forms
providing optimum heat resistance, high-temperature corrosion resistance,
toughness, and strength.  The company has manufacturing and research
facilities in the USA and Europe, and a distribution network including most of
the industrialized countries of the world.  For more information visit
www.specialmetals.com .




For further information:

For further information: Mr. John Mullane of Calumet Communications, 
+1-914-391-0943, for HOWCO Group Web Site: http://www.howcogroup.com         
        http://www.specialmetals.com

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