Torgy

What Torgy does

Torgy Group (legal entity Torgy Mek. Industri AS) is a family-owned Norwegian industrial manufacturer founded in 1954 by Tor Gyllensten in Tønsberg, specializing in customized steel pipe supports and isolation products for oil & gas, LNG, petrochemical, power, renewable energy, carbon capture, and processing industries. The company's core product portfolio comprises four lines: pipe supports (thermal insulated cryogenic PUF and high-temperature supports, clamped and welded pipe shoes, hanging supports, acoustic and anti-vibration supports, slide bearings, U-bolts, and pipe clamps manufactured to ASME B31.3, MSS-SP, BS3974, and NORSOK standards); subsea mechanical sub-systems (frames, brackets, ROV panels, ROV handles, umbilical sheaves, protection shields); custom metal fabrication services (engineering, cutting, bending, painting, welding, machining, surface treatment, and inspection); and ASEplas, a proprietary glass-reinforced composite material (formerly ATPLAS) with DNV type approval for cryogenic and high-temperature isolation applications.

Manufacturing capability is anchored in specialized welding across Titanium, 6MO, Duplex, Super Duplex, 316 Stainless, Incoloy, and Carbon Steel grades, alongside laser, plasma, waterjet, and hydroabrasive cutting up to 100mm, CNC-controlled polyurethane foam dispensing, and inspection by FROSIO Level II/III certified personnel. The group operates four wholly-owned ISO-certified facilities totaling approximately 12,000 m² of manufacturing floor space across Norway (Tønsberg HQ), Latvia (SIA Torgy Baltic, Ozolnieki, since 2005), the United Kingdom (Torgy Atlantic Ltd., Cardiff), and India (Torgy Mek India Pty Ltd., Coimbatore), employing approximately 110 skilled workers, managers, and engineers, with sales agents covering Saudi Arabia and Qatar.

The business model is enterprise B2B project-based manufacturing with quote-driven pricing tied to specifications, material grades, and complexity, executed through multi-year contracts with oil & gas operators (Equinor, Aker BP, TotalEnergies) and major EPC contractors (Linde, Reliance, KBR, CB&I, Technip, Fluor). Revenue is generated through one-time customized product sales and engineering/professional services. The company holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 3834-2/-5, EN 1090-1, Achilles pre-qualification, and DNV ASEPLAS type approval certifications across its entities, gating access to oil & gas and subsea supply chains. Torgy remains privately held under continuous family ownership for over 70 years, with no disclosed institutional investment or public listing.

Name

Torgy

Legal name

Torgy Mek. Industri AS

Website

https://torgy.no

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

101–250 employees

Short description

Torgy Group is a family-owned Norwegian pipe support manufacturer operating four ISO-certified facilities across Norway, Latvia, the UK, and India, producing customized steel and composite products for oil & gas, LNG, petrochemical, power, renewable energy, and carbon capture industries.

Ownership category

akta.pro rank

Product category

Industrial Pipe Support Manufacturing

NAICS

Fabricated Pipe and Pipe Fitting Manufacturing (332996), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210)

SIC

Bolts, Nuts, Screws, Rivets & Washers (3452), Metal Forgings & Stampings (3460)

akta.pro primary industry

Fasteners, Anchors & Connectors (Bolts, Weld Studs, Plates) (IMADACAJ)

akta.pro secondary industry

Seals, Valves & Auxiliary Components (for Pumps/Compressors) (IMAHANAH)

Keywords

• Pipe support manufacturing
• Custom metal fabrication
• Subsea equipment fabrication
• Cryogenic pipe supports
• Composite insulation materials

Headquarters

HQ city

Tønsberg

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Customized Steel Products Manufacturing: One-time product sales of customized steel and isolation products including pipe supports, subsea equipment, and custom metal fabrication. Manufacturing based on client specifications and project requirements.
2. Engineering and Services: Services including engineering and design, project management, metal operations (cutting, bending, painting, welding, machining), surface treatment, and inspection services.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels2 records

Core offering

Torgy Group manufactures customized steel and isolation products, primarily pipe supports, for the oil & gas, petrochemical, LNG, power, renewable energy, carbon capture, and processing industries. The company operates four ISO-certified manufacturing facilities in Norway, Latvia, UK, and India, and produces its proprietary ASEplas glass-reinforced composite materials for cryogenic and high-temperature isolation applications.

Product overview

Torgy Group is a pipe-support manufacturer producing customized steel and isolation products for the oil & gas, water, wind, and carbon capture industries. The company operates four main product lines: Pipe Supports (the core offering including thermal insulated cryogenic PUF and high temperature supports, clamped and welded shoes, hanging supports, acoustic supports, slide bearings, and U-bolts), Subsea products (mechanical sub systems including frames, brackets, ROV panels and handles for offshore markets), Custom Metal Fabrication services (engineering, fabrication, surface treatment, assembly, and inspection), and ASEplas (proprietary glass reinforced composite materials for high-strength isolation applications). Services span engineering and design through welding, metal sheet work, cutting (laser and water jet), surface treatment, and final inspection. Manufacturing operations across Latvia, UK, and India with integrated management in Norway.

Differentiator

Problem solved

Functional benefit

Brands

• ASEplas: Proprietary range of high performance glass reinforced composite materials developed and manufactured by the Torgy Group, acknowledged as the industry standard for applications that require high strength isolation material. ASEplas materials prevent carbon steel embrittlement & ice build up in process piping or vessels in petro-chemical, Oil & Gas, LNG, Power and Pharmaceutical industries.

Products and services

• Pipe Supports Customized steel pipe supports for oil & gas (onshore and offshore), petrochemical, and power sectors. Includes thermal insulated supports (cryogenic PUF and high temperature), clamped and welded pipe shoes, hanging supports, line stops, acoustic and anti-vibration supports, slide bearings, U-bolts, and pipe clamps. Manufactured to international design codes including ASME B31.3, MSS-SP-58, MSS-SP-69, BS3974, and NORSOK Standards.
• Subsea Products Specialized engineering, fabrication, assembly, and testing of mechanical sub-systems for the subsea market. Audited and approved by Norwegian oil & gas companies. Typical items include frames/structures, brackets, ROV panels, ROV handles, counter weights, umbilical sheaves, protection shields and racks, guide posts, and pipe supports.
• Custom Metal Fabrication Custom fabrication services including engineering, fabrication, surface treatment, assembly, and inspection. Key strength is the ability to choose fabrication methods suited to project requirements, including welding, punching, drilling, milling, turning, and sawing. Production facility in Latvia operational since 2005.
• ASEplas Composite Materials Proprietary range of high-performance glass reinforced composite (GRE/GRP) materials developed and manufactured by Torgy Group. Industry standard for applications requiring high-strength isolation material, preventing carbon steel embrittlement and ice build-up in process piping or vessels in petro-chemical, Oil & Gas, LNG, Power, and Pharmaceutical industries.

Quantifiable outcome

• Over 50 years of continuous supply to Norwegian oil and gas projects on the Norwegian shelf

Named customers9 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Supplies Time Trading CompanycoreChannel Partner/ Reseller/ DistributorAuthorized sales agent for Torgy products in Saudi Arabia. Located in Dammam serving the Eastern Province market. Managed by Ibrahim Khan, General Manager.
• Desco Qatar (Doha Engineering Services Co. W.L.L.)coreChannel Partner/ Reseller/ DistributorAuthorized sales agent for Torgy products in Qatar. Located in Doha. Headed by R. Ponnulingam, Head of Business Development.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Stainless Pipe & Fittings Inc: Stainless Pipe & Fittings is an Indian manufacturer of stainless steel pipe, fittings, and supports serving petrochemical and process industries. Regional player overlapping with Torgy's Indian manufacturing footprint and similar exotic-alloy fabrication capabilities.
• ITOKI Group / ITOCHU Pipe Supports: ITOKI Group includes Japanese pipe support manufacturers serving Asia-Pacific LNG, petrochemical, and power projects. Regional peer with comparable engineered pipe support and cryogenic insulation capabilities targeting LNG and energy infrastructure customers.

Broad incumbents

• Aker Solutions ASA: Aker Solutions is a large Norwegian subsea and engineering EPC contractor serving oil & gas operators. Overlaps with Torgy on Norwegian continental shelf subsea equipment (frames, brackets, ROV hardware) and shares customer base (Equinor, Aker BP), but at much larger scale and broader scope.
• Framo (a brand of TechnipFMC): Framo is a Norwegian subsea systems supplier (pumping, swivels, manifolds) owned by TechnipFMC. Broad incumbent in the subsea equipment space where Torgy supplies mechanical subsystems (ROV panels, umbilical sheaves, protection shields) to similar offshore operators.

Direct peers

• Promation Engineering: Promation Engineering designs and fabricates subsea equipment including frames, skids, ROV tooling, and protection systems for offshore oil & gas projects. Directly comparable subsea fabrication capability to Torgy's subsea product line.
• Rilco Engineering Services: Rilco is a US manufacturer and supplier of pipe supports, pipe shoes, clamps, and engineered support systems for oil & gas, petrochemical, and power industries. Comparable niche industrial manufacturer targeting similar EPC and operator customers with custom-engineered pipe support products.
• LISEGA SE: LISEGA is the leading European pipe support manufacturer, headquartered in Germany, producing standardized and engineered pipe supports for power, oil & gas, petrochemical, and LNG applications. Most direct comparable to Torgy in product scope, customer base, and cryogenic/cryo-insulation expertise.
• Piping Technology & Products (PT&P): PT&P is a US-based manufacturer of pipe supports, snubbers, sway braces, and engineered support products for industrial and energy applications. Direct competitor with comparable engineered, project-based pipe support offerings and overlapping O&G and power customer base.
• Basic Engineers Pvt Ltd: Basic Engineers is an Indian manufacturer of pipe supports, pipe hangers, and engineered support systems serving oil & gas, petrochemical, and power projects globally. Directly competes with Torgy's Indian operation (Torgy Mek India) and offers similar fabricated and cryogenic support capabilities.
• Carpenter & Paterson Ltd: Carpenter & Paterson is a global manufacturer of pipe supports, pipe shoes, hangers, and engineered support systems serving oil & gas, petrochemical, power, and renewable markets. Comparable in product range and B2B project sales model to Torgy, with overlapping EPC contractor customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/torgy-group

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Torgy