January 2010 Vol. 237 No. 1

Projects

EagleBurgmann Strengthens Position In Saudi Arabia

To meet the rising demand from the oil and gas, petrochemical and other industries, EagleBurgmann Saudi Arabia Ltd. has expanded its production capacity in the region.

Sales, production and a service center have been set up in Al-Khobar, 30 km from the most important air and seaport in the eastern province.

“The opening of this center confirms our long-term growth strategy for this region and our confidence in the strength and future of the Saudi economy,” said Christoph Mosmann, CEO EagleBurgmann. EagleBurgmann Saudi Arabia is a joint venture between EagleBurgmann (85%) and Gas Arabian Services (15%). The two partners have worked together since 1997. Sales growth in the last four years ranged from 20-40% as market share grew from 8-15%.

The company aims to increase its share of the mechanical seal market to 30% by 2015. It plans to double the workforce to 30. The long-term goal is to open other service centers in Saudi Arabia to ensure even greater proximity to the customer and to cover all existing market segments.