Dateline: Thu, 23 Feb 2006
freeNewsArticles Story Summary: “HOUSTON, TX – Feb. 23 (SEND2PRESS NEWSWIRE) — Pursuant to the formal notice issued by the General Peoples Committee for the establishment of the 24,000 sq. ft. manufacturing and distribution facility in Misurata, Lyamec Corp announces that it has formally received the approval of Misurata’s free trade zone on January 16th, 2006.”
A R T I C L E:
HOUSTON, TX (SEND2PRESS NEWSWIRE) — Pursuant to the formal notice issued by the General Peoples Committee for the establishment of the 24,000 sq. ft. manufacturing and distribution facility in Misurata, Lyamec Corp announces that it has formally received the approval of Misurata’s free trade zone on January 16th, 2006.
In a statement by interim CEO, R.G. Raymond: “My sincere thanks to Mr. Mohamed Hagegh, head of the General People’s Committee for the Free Zone City of Misurata, for his acknowledgement and support to the benefits this project provides to the local communities.”
Current and future clients will benefit from a fully integrated “wrap around” facility with multidimensional quality and performance controls in submission, processing, manufacturing and distribution with delivery and oversight tracking on itemized product performance. The facility has been strategically preset for construction within close proximity (approx. 5 mile radius) to the Libyan Iron & Steel manufacturing facility located in Misurata.
Concurrently, Lyamec (The Libyan American Corporation) has also agreed to further expand joint venture applications in the Coil Tubing Technology (OTC Bulletin Board: CTBG). Lyamec is building on a ground breaking regional model application system including system applications on technical enhancements, branding & distribution, to quality control data applications.
About Coil Tubing Technology, Inc.
Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more that 25 years experience in the creation of oilfield tools.
Global Oil Tools (OTC Bulletin Board: GFCI) is ISO 9001 and A.P.I. Spec. 14A certified and Quality Assurance Program conforms to all specifications set forth in ISO 9001 (ANSI/ASQC Q91) and A.P.I. Spec. 14A. Global has strict quality control standards, starting with the purchase of raw materials, through the manufacturing process, the inspection process, and the shipping process. Global maintains complete traceability on every product manufactured.
Ref: GFCI.pk, GFCI.ob, CTBG.pk, CTBG.ob
###
Copyright © 2006 by The Libyan American Corporation and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Story Title: Misurata Free Trade Zone Paves Way for Global Oil Tools Libya Facility
• REFERENCE KEYWORDS/TERMS: , , , , Public Companies, , , .
IMPORTANT NOTICE: some content which is considered “old” or “archival” may reference an event which has already occurred; some content possibly considered “advertorial” may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (The Libyan American Corporation); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Thu, 23 Feb 2006 12:16:00 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.