September 2010

LITTLE ROCK UPDATE

Little Rock, Arkansas

New area under development

New coil storage area

New site provides huge area for steel storage

Up to 350,000 tons of coil can be stored

Ideal hard surface for coil storage

Less than 1 mile from main Welspun facility

Both facilities on the same rail spur

Potential location for additional capacity – induction bends

Spiral Mill Performance

Continued excellent safety record

Completed pipe making for the Ruby Project.

Commenced the KXL Project and on target

Ongoing improvements

Additional welding line installation

Welding improvements, NDT upgrades, debottlenecking...

Production windows available now!

Coating Mill Performance

Productivity in the last two consecutive months…..

10% above original targets

Recent Improvements

ID coating curing chamber fully operational

New paint kitchen to reduce downtime

Outbound rack debottlenecked

SAP system upgraded and streamlined

New offline stripping station

Additional supervision

Coating repairs reduced to less than 0.5%

Storage, Loading and Shipment

800 acres of land available for storage

Have completed seven different projects – load out by truck,

barge, rail depending on final location

All loading of pipe undertaken by vacuum cranes

The facility is served by UP, BNSF and CN

Little Rock Port Authority undergoing expansion to allow

multiple unit trains to be built simultaneously