Hydrasun Expands Middle East Presence
- Business & Finance
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy industry, has announced the launch of a new company and associated office and workshop facilities in the Middle East.
Hydrasun FZE, based in Dubai, UAE, has been formed to support the company’s growing number of customers in the Middle East. The new 1000m2 facility will establish a permanent presence in the region supplying Hydrasun’s complete range of products and added value services as well as facilitating the pursuit of new business opportunities.
Bob Drummond, Chief Executive of Hydrasun, said: “Launching Hydrasun FZE is a further significant milestone in our overall global expansion plan. We have seen strong growth in the Middle East and by having a permanent presence there, it positions the company well for future business development opportunities whilst fulfilling the needs of our customers in the region.”
Recent significant contract awards in the region include a £1.5million contract for Instrument tubing and Hose Assemblies for the Barzan Project in Qatar, a long-term supply agreement worth approximately £500k per annum with a leading oil services contractor in Dubai.
The new operation comes as part of the company’s growth strategy and will be headed up by regional manager Garry Kidd, who has previously worked as international business development manager for Hydrasun in Aberdeen.
He said: “I am very pleased to be a part of Hydrasun FZE, and the localised support our presence can provide to new and existing Middle East customers is a key part of our strategy. I look forward to further developing our offering and to working closely with our customers in continuing to build the business in region.”
Press Release, August 5, 2013