Kosan Crisplant strengthens its position in Middle East with new office in Riyadh, Saudi Arabia

KC Arabia, the newest member of Kosan Crisplant, which is owned by Bahrain-based Seera Investment Bank B.S.C., becomes the second office to be opened in the region and its 17th worldwide.

The opening of the Riyadh office reinforces Kosan Crisplant's commitment to its regional customer base by providing greater access to their full range of product offerings, including the recently launched, revolutionary LPG filling system (FLEXSPEED), which eclipses previous industry standard filling speeds by 300%, thereby increasing customer efficiency and reducing costs.

Kosan Crisplant is well positioned to assist LPG companies achieve their objectives, in terms of functionality, processing capacity and total cost of ownership.

Mr. Anders Anderson, Managing Director of Kosan Crisplant commented, "The Middle East has been our largest and strategically most important market over the last 30 years. This market continues to demonstrate strong demand for high capacity LPG filling plants, and given our leadership position in terms of market share, technological innovation and quality, we have an ambitious development plan to meet this need."

"The establishment of KC Arabia is further evidence of our commitment to actively develop and strengthen our presence in the Middle East, enabling our customers in the region to enjoy the full benefits of our comprehensive state-of-the-art filling and reconditioning systems, equipment, and on-site services programmes," he added.

Mr. Abdulla Janahi, Chief Executive Officer of Seera Investment Bank, commented, "One of our primary objectives since taking ownership of Kosan Crisplant in January 2008, has been to proactively assist the company's continued regional and global growth initiatives. We are pleased at this recent development, which further underscores the excellent future prospects of the company."

Mr. Claus Jensen, Sales & Service Manager, Kosan Crisplant - Middle East Region noted, "We look at the future with optimism and pride ourselves on establishing and maintaining close collaboration with our customers for the timely delivery of quality LPG solutions. We are confident that our strong commitment within this key market - through KC Arabia, KC Jordan and our Bahrain-based owners - combined with our unique product and service offerings such as FLEXSPEED and KC Facility Management further solidify our commitment to providing superior products and customer service and position Kosan Crisplant to take the LPG businesses in the region to the next level".

Kosan Crisplant's customers in the region include renowned corporations such as GASCO in the Kingdom of Saudi Arabia, ADNOC in Abu Dhabi, KOTC in the State of Kuwait, Emirates Gas in Dubai, NGC and Muscat Manufacturers in the Sultanate of Oman, YNOC in the Republic of Yemen, SCDG in the Syrian Arab Republic, JOPETROL in the Kingdom of Jordan and Ministry Of Oil in the Republic of Iraq.