--- title: "EUPEC International Group, Pipeline Coating Services Provider, Files for NASDAQ IPO" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/270351704.md" description: "EUPEC International Group has filed for an IPO on the NASDAQ Capital Market under the symbol EUPX, aiming to raise $5 million by selling 1,250,000 Class A ordinary shares at $4.00 each. The company provides pipeline coating services for energy and water infrastructure markets. Proceeds will be used for market development, R&D, and general corporate purposes. The IPO is led by R.F. Lafferty & Co., Inc." datetime: "2025-12-19T20:57:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270351704.md) - [en](https://longbridge.com/en/news/270351704.md) - [zh-HK](https://longbridge.com/zh-HK/news/270351704.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/270351704.md) | [English](https://longbridge.com/en/news/270351704.md) # EUPEC International Group, Pipeline Coating Services Provider, Files for NASDAQ IPO EUPEC International Group filed for an initial public offering on the Nasdaq Capital Market under the symbol EUPX. The company plans to sell 1,250,000 Class A ordinary shares at an assumed price of $4.00 per share, raising about $5.0 million before fees. EUPEC provides coating solutions for onshore and offshore steel pipelines serving energy and water infrastructure markets. **Business Description** EUPEC International Group provides comprehensive coating solutions that protect and extend the life of steel pipelines used in energy and water infrastructure. Its services include linepipe anti-corrosion coatings, thermal insulation systems (including MLPP foam), concrete weight coatings for subsea stability, custom coatings for bends and spools, field joint coatings applied during installation, and reel‑to‑reel coatings for small-diameter reeled pipes. The company serves oil and gas operators, EPC contractors, and pipe mills, and lists leading industry names such as TotalEnergies, ENI, Exxon, Petrobras, Shell, BP, McDermott, Subsea 7, TechnipFMC, Saipem and others among its past and present customers. EUPEC operates from strategically located plants in France near key European offshore basins, including a primary site in Dunkirk and additional facilities in Gravelines and Saint‑Pol‑Sur‑Mer. The company emphasizes quality (ISO 9001/14001/45001), in‑house innovation and process automation, and end‑to‑end project execution. It targets growth through geographic expansion (Africa and Middle East), expanded service offerings for deepwater and high‑temperature applications, increased R&D, and selective acquisitions. **Market Overview** - **Total addressable market**: Field joint coating valued at $2.1B in 2024, projected to reach $3.5B by 2035 (Wise Guy Reports, Aug 2025); global pipe coating market at $9.95B in 2024, projected to $16.84B by 2034. - **Market growth**: Field joint coating CAGR ~4.6% (2025–2035); pipe coating CAGR ~5.4% (2025–2034). - **Market position**: End-to-end coating provider across linepipe, custom, field joint and reel-to-reel, targeting complex projects in North Sea, Baltic, Atlantic Margin and Africa. - **Key competitors**: Wasco Energy, Tenaris Shawcor, Isopipe, CRC Evans CSS SA Group, RAE Energy Inc., CRTS. - **Industry trends**: Rising energy demand, water/wastewater infrastructure buildout, higher-performance coatings, hydrogen/decarbonization needs, and stricter environmental regulations. **Operational Metrics** - **Customers**: Past and present customers include TotalEnergies, ENI, Exxon, Petrobras, Shell, BP; EPCs such as TechnipFMC, Saipem, McDermott, Subsea 7; and pipe suppliers including Europipe, EEW, EBK, ITP, Equans, PMPiping. - **Locations**: Headquarters and main plant in Dunkirk, France; additional facilities in Gravelines and Saint‑Pol‑Sur‑Mer. - **Geographic presence**: Revenue primarily from France and other European countries; positioned to serve North Sea, Baltic Sea, Atlantic Margin, and Africa. - **Partnerships**: Established supplier relationships for epoxy, polyurethane, polyolefins and other specialty materials; ISO 9001/14001/45001 accredited. - **Orders/GMV**: Not disclosed. - **Other key metrics**: 41 full‑time employees as of the prospectus date; notable project concentration with ITP Interpipe contributing 61% of FY2025 revenue. **Financials Highlights** - **Revenue (current)**: $9,351,809 (FY ended June 30, 2025) - **Revenue growth**: Up 34.69% year over year - **Net income**: $1,286,819 (FY ended June 30, 2025) **Management** - **Jonathan Teik Cheh Chong**, Chairman and Chief Executive Officer - Over 35 years in oil and gas installations and pipeline services; founder and leader of related coating businesses; civil engineering degree from University of Technology Malaysia. - **Noridah Sahar**, Chief Financial Officer - Finance and accounting leader in oil and gas and engineering; prior roles at Citaglobal Engineering Services, Velesto Drilling and OAG; Bachelor of Accounting and CIMA member. - **Hassan Nilou**, Director - General manager of EUPEC with prior roles in sales, contracts, logistics and project management; Master’s in International Trade and Project Management. - **Joseph Tat Wah Yan**, Director - Over 30 years in accounting and auditing; senior partner at LKY China CPAs; serves/served on HK-listed company boards; multiple professional fellowships. - **Frederick George Markwell**, Director - 50+ years in oil and gas engineering; founder of TENSA Equipment and Roborigger; Chartered Civil Engineer. - **Viswanathan C Sankaran Unni Menon**, Director - 25+ years in regional sales and business management; executive roles in EV and technology consulting; holds BA from Kansas Wesleyan University. **IPO Structure** - **Issuer**: EUPEC International Group Limited - **Filing date**: December 19, 2025 - **Proposed ticker**: EUPX - **Exchange**: NASDAQ Capital Market - **Price range**: $4.00 (assumed) - **Offering size**: $5,000,000 - **Shares offered**: 1,250,000 Class A ordinary shares (plus 187,500 over-allotment option) - **Lead underwriters**: R.F. Lafferty & Co., Inc. (representative) - **Use of proceeds**: Market development, research and development, and working capital and general corporate purposes Original SEC Filing: EUPEC International Group Ltd - F-1 - Dec. 19, 2025 **Disclaimer** This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. 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