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Andria-based Socotherm Group makes pipe coating products that improve pipeline durability, mainly for oil and gas operators.
Founded in 1975 in Andria, Italy, Socotherm Group offers proprietary coatings including Plastykote, Powderkote, Innerkote, Thermapipe, Wetisokote and Concretkote, which address corrosion, buoyancy and thermal insulation. ShawCor Ltd acquired the company in October 2012 for approximately CAD 135 million. Its customers are in the oil, gas, water and corrosive fluids industries, with markets in Nigeria, Angola and Brazil. Reported 2023 revenue was CAD 73,964.40 mn, with EBITDA of CAD 2,315,907.
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