The joint venture, established in 2007, is engaged in the construction of a new, dedicated vessel manufacturing facility within Al-Rushaid's industrial complex in Jubail. The construction of the facility is expected to be completed by mid-2009. The Registration Certificate covers the production of pressure vessels including desalters, dehydrators, filters, hydrocyclones, and more for the upstream, downstream and petrochemical markets.
"This is another important step for the joint venture, as we pursue increased technology and process equipment deployment to the largest oil producing region in the world" said Natco Chairman and CEO John Clarke. "Our formation of Natco Al-Rushaid Middle East Ltd., and the recent award of the Company's Registration in the Kingdom cements an excellent working relationship with the Al-Rushaid Group, a prominent organization with significant capabilities in the Kingdom, including engineering, manufacturing, construction, and drilling."
Sheikh Abdullah Al-Rushaid, Chairman of the Joint Venture and of the Al-Rushaid Group, added, "We are pleased with the progress of the construction activities of the facility. All equipment for the facility has been ordered, General Manager and key positions staff have been recruited. Our partnership with Natco in the supply of technology and process equipment to the Saudi Arabian and Middle Eastern markets opens up many prospects for growing the business. The combination of Natco Technology with local fabrication will create jobs in both the US and Saudi Arabia while delivering value to all our customers in the region.
"Natco Al-Rushaid Middle East Ltd. Director and Natco President Patrick McCarthy noted, "When the new facility is completed and started up in second quarter 2009, we expect that area equipment sales for new build and retrofits will be substantial. We will focus first on debottlenecking opportunities and sales of crude oil desalting and dehydration vessels, as well as equipment solutions for produced water treatment."
Natco Group Inc. is a leading provider of process equipment, systems and services used in the production of oil and gas. Natco has designed, manufactured and marketed production equipment and services for more than 80 years. Natco production equipment is used onshore and offshore in most major oil and gas producing regions of the world.
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Natco Al-Rushaid Middle East Ltd awarded a company registration certificate
- Saudi Arabia: Saturday, November 22 - 2008 at 14:21
- PRESS RELEASE
Natco Group Inc. announced today that its joint venture Natco Al-Rushaid Middle East Ltd, in the Kingdom of Saudi Arabia, has recently been awarded a Company Registration Certificate by the Ministry of Commerce & Industry in Dammam.
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For more information, please contact:About Al-Rushaid
Since our inception in 1978, the Al-Rushaid mission has been to provide a vehicle through which the most innovative professional companies in the world, could be responsive to the development needs of Saudi Arabia. To this date, our goal remains unchanged, in bringing the most successful and technologically advanced organizations together, to meet the demands of the Kingdoms economic growth. Their success is attributed to our unceasing strive for excellence, and to a dedicated staff determined in providing services that meet or exceed the expectations of our clients. Through our diverse manufacturing, service and investment companies the Al-Rushaid Group will continue to pioneer the energy strength of Saudi Arabia, and meet the future demands with foresight and careful planning that have established our well earned reputation. The Al-Rushaid Group of Companies offers a diverse range of manufacturing and service related operations to facilitate the demands of the fast growing Saudi economy.
About NATCO
NATCO is a leading provider of wellhead process equipment, systems and services used in the production of oil and gas. NATCO has designed, manufactured and marketed production equipment and services for more than 80 years. NATCO's production equipment includes: crude oil separators, dehydrators, desalters, produced oily water treatment, gas production treatment, water injection, hydrogen generation & hydrogen purification equipment and is used onshore, offshore, upstream and downstream in most major oil and gas producing and processing regions of the world.
NATCO Al-Rushaid (Middle East) Ltd
NATCO Al-Rushaid (Middle East) Ltd is a joint venture company between NATCO Inc and Al-Rushaid Group to buid, market and sell process equipment, technologies, systems and related services. NATCO Al-Rushaid is a leading provider of wellhead process equipment, systems and services used in the production of oil and gas.
NATCO has designed, manufactured and marketed production equipment and services for more than 80 years with its production equipment used in major oil and gas producing and processing regions of the world. The joint venture agreement includes the construction of a new, dedicated vessel manufacturing facility within Al Rushaid's new industrial complex in Jubail.
The manufacturing facility will have the capability to manufacture pressure vessels for the upstream, downstream and petrochemical markets and skidded packages incorporating NATCO production processing technologies.
Mamdouh Zackout | Office Manager | BPG Group
Level 5 Jamjoum Centre Al Hamra District | Jeddah KSA
T +966 2 6634546
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Posted by Nadeen El AjouSaturday, November 22 - 2008 at 14:21 UAE local time (GMT+4)
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