Dril-Quip 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 14, 2009
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (713) 939-7711
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
On October 14, 2009, Dril-Quip Asia Pacific Pte Ltd., a wholly owned subsidiary of Dril-Quip, Inc. (the Company), entered into an agreement with Lum Chang Building Contractors Pte Ltd (LCBC) for the construction of a new manufacturing facility in Singapore on approximately 11.2 acres of land leased to Dril-Quip Asia Pacific Pte Ltd. through 2037. The agreement, which is effective as of October 16, 2009, is valued at approximately SGD46.5 million and has an expected construction term of 16 months, followed by a maintenance term of 12 months. Upon completion, the facility will support a variety of functions including administration, finance, sales, service, engineering, manufacturing, fabrication, assembly and warehousing. LCBC was selected based on a competitive bid process conducted by Dril-Quip Asia Pacific Pte Ltd.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 20, 2009