The joint venture, established in 2007, is engaged in the construction of a new, dedicated vessel manufacturing facility within Al-Rushaid’s industrial complex in Jubail. The construction of the facility is expected to be completed by mid-2009. The Registration Certificate covers the production of pressure vessels including desalters, dehydrators, filters, hydrocyclones, and more for the upstream, downstream and petrochemical markets.
“This is another important step for the joint venture, as we pursue increased technology and process equipment deployment to the largest oil producing region in the world,” said NATCO Chairman and CEO John Clarke. “Our formation of NATCO Al-Rushaid Middle East Ltd., and the recent award of the Company’s Registration in the Kingdom cements an excellent working relationship with the Al-Rushaid Group, a prominent organization with significant capabilities in the Kingdom, including engineering, manufacturing, construction, and drilling.”
Sheikh Abdullah Al-Rushaid, Chairman of the Joint Venture and of the Al-Rushaid Group, added, “We are pleased with the progress of the construction activities of the facility. All equipment for the facility has been ordered, General Manager and key positions staff have been recruited. Our partnership with NATCO in the supply of technology and process equipment to the Kingdom of Saudi Arabian and Middle Eastern markets opens up many prospects for growing the business. The combination of NATCO Technology with local fabrication will create jobs in both the US and Kingdom of Saudi Arabia while delivering value to all our customers in the region.”