A report under section 125(4) Fair Trading Act 1973 on advice given on 19 May 2003 to the Secretary of State for Trade and Industry under section 76 of the Act
"Production riser buoyancy products The parties estimate that their combined sales of […]3 in 2001 in Europe and North America represented a share of supply of [60-70 per cent]4 for syntactic foam production riser buoyancy products (increment [less than 5 per cent]5), with competitors Cuming Corporation and Flotation Technologies taking estimated shares of 18 per cent and 10 per cent respectively. Third party comments, however, suggest that the parties may supply in excess of 90 per cent of production riser buoyancy products. This appears to be borne out in the UK where CRP won the majority of contracts each year from 1999 to 2001. Although Balmoral was bidding for contracts during this time, it was unsuccessful in winning any. Nevertheless, the parties argue that four other credible bidders remain in this segment; Cuming Corporation, the parties’ biggest competitor; Flotation Technologies; Resinex and Matrix. Available evidence of bidding history for recent contracts suggests that Balmoral may have been CRP’s closest competitor: but it is difficult to assess whether the loss of Balmoral would be significant. In particular, Cuming Corporation may be able to replace effectively Balmoral as CRP’s main competitor. It has won UK and other contracts and its US plant is sufficiently large to meet all global production riser (and drilling riser) demand alone. Any attempt by CRP to exploit its post-merger position might therefore result in Cuming Coporation winning a greater share of orders. The parties have indeed..
--more discussion of deep vs shallow drilling requirements at following link--
Here is the post by JoeSmith that mentions the Houston FT facility back in 2001-
Survey, Geophysical, Underwater Newsletter (Issue No.44, August 7, 2001)
Flotation Technologies Builds Inventory At Houston Facility With an avalanche of work projected in the G.O.M this year, Flotation Technologies has begun to stockpile products at its Houston facility. Transponder Floatation Collars are the latest line of products to be added to the inventory of Cable Floats, Marker Buoys and HardBallT Floats already in stock. The collars are 3000m rated, yield 28 Kg of buoyancy, and are sized to fit either a MK3 or MK4 CompattT Transponder.
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