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  • Sulzer to Acquire Majority of Saudi Pump Factory and to Establish Local Production Joint Venture Sulzer Saudi Pump Company (SSPC)
    édité le 03/02/2014 - Plus de news de "SULZER" - Voir la fiche entreprise de "SULZER"


Sulzer to Acquire Majority of Saudi Pump Factory and to Establish Local Production Joint Venture Sulzer Saudi Pump Company (SSPC)
On February 2, 2014, Sulzer signed an agreement for the acquisition of a 75% stake in Saudi Pump Factory with Nabil Al Hashim, the owner and founder of the company. The agreed purchase price for the 75% stake is CHF 33 million. Closing of the transaction is expected for the second quarter of 2014 and is subject to local regulatory approval.
Saudi Pump Factory, located in Riyadh, Saudi Arabia, with a workforce of 170 employees, achieved sales of approximately CHF 25 million in 2012.

This acquisition is in line with Sulzer’s focus on the oil and gas, power and water key markets as these are major sectors of Saudi Arabia’s fast growing economy. SSPC will be the first complete manufacturing facility in Saudi Arabia for a global pump manufacturer of API pumps, serving one of the largest oil and gas markets worldwide to achieve further profitable growth.

The 25,000 m² facility in Riyadh produces all types of centrifugal pumps to API and ASME standard and will be part of Sulzer’s global manufacturing network, focusing on the oil and gas, power and water markets. In addition, a pump test facility is available to test and confirm the highest product standard. This setup will enable Sulzer to serve its Saudi Arabian and Gulf Cooperation Council customers with products to highest Sulzer standards from a local base.

About Sulzer

Sulzer offers a broad range of products and services for a large variety of applications. Based on our deep understanding of industry needs, our long experience, strong technical competencies, and continuous innovation, we can provide you outstanding reliability and performance.
Experience how Sulzer helps to cover the global demand for oil and gas. Pumps for up-, mid- and downstream applications, separation and process technologies for downstream applications, as well as services for rotating equipment are key elements of our portfolio.


Origine : Communiqué SULZER

Voir la fiche entreprise de "SULZER"



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