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Demand rising for diamond-tipped drill bits

04.02.2010

Demand rising for diamond-tipped drill bits
Marc Haddock - Deseret News

OREM -- An increase in the sale of synthetic diamond teeth for drill bits used to explore oil and natural gas reserves is good news for the economy, according to Rob Galloway, chief executive of US Synthetic. Officials at the company, the world's leading manufacturer of the long-lasting diamond inserts, say the industry has turned a corner, re-establishing a growth trend that was steadily increasing before the economy faltered in 2008.
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