PDM Forms Alliance with Larsen and Toubro To Pursue Engineering and Construction Projects in India.HOUSTON--(BUSINESS WIRE)--Nov. 17, 1998--PDM Engineered Construction, a division of Pitt-Des Moines, Inc. (AMEX-PDM), has formed a strategic alliance with Larsen and Toubro for joint engineering and construction projects in India. Based in Mumbai (Bombay), Larsen and Toubro is one of the leading engineering and construction firms in India specializing in engineering, construction and steel fabrication. "PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and and Larsen & Toubro have worked together on several projects in the past," commented Luke Scorsone, president of PDM Engineered Construction. "This alliance with Larsen and Toubro will enable PDM to leverage our extensive capabilities in liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ), cryogenic storage and handling systems and to participate in the many LNG and LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. (liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. ) projects currently under development in India." Houston-based Pitt-Des Moines, Inc. is a diversified engineering and construction company, and a distributor and processor of a broad range of carbon steel products. The company reported 1997 revenues of $474.6 million from operations in its two business segments -- engineered construction and steel distribution. |
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