Hydrapower International Inc. awarded SMGT Ltd. press brake contract
Island, Fla.-based Hydrapower International Inc. has been
awarded a contract to manufacture a 3,000 tons x 44-foot press brake for SMGT Ltd.,
an investment group based in Singapore.
machine will be built in Hydrapower’s North American facility and shipped to
the SMGT new joint venture company located on the Mississippi River in Northern
Ltd has interests in developing technology in energy, transportation and
logistics. Hydrapower says SMGT has developed
a new method of efficiently shipping LNG in easy-to-transport energy modules to
undeveloped regions of the world. Specific details of their product will remain
confidential, Hydrapower says, until worldwide patent protection is in place. SMGT has designed a special tooling system,
which will also remain confidential, Hydrapower says.