Pentair to boost UAE presence
- United Arab Emirates: Sunday, December 16 - 2012 at 01:28
US-based industrial conglomerate Pentair has announced it plans to invest Dhs183m ($50m) to expand its regional operations in the UAE, Gulf News has reported. The expansion is part of a plan to increase turnover by $2bn to $10bn, of which $600m will come from the UAE operations, said Randall J Hogan, chairman and CEO of Pentair. "Our facility here is very good in sand casting and manufacturing industrial valves. However, we are looking at expanding facilities and investing in a new pumps-manufacturing facility" said Hogan. "We want to increase our $400m current turnover in the UAE to $1bn in the next five years, that will require a 50% increase in headcount from 1,100 currently to 1,650."
- Arabtec workers stage strike in Abu Dhabi, Dubai
- Emirates says A380 wing repair is behind schedule
- The new Mercedes-Benz E-Class debuts in Kuwait
- Kuwait confirms new swine flu case
- Dallas/Fort Worth International Airport to be...
- SKAI Holdings announces $1bn hotel project on...
- BBM coming to iPhone and Android this summer
- Omantel launches Samsung Galaxy S4 LTE smartphone
- Palm Jumeirah to get new $1bn hotel
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.