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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."
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