Leading high performance sealing solutions company, Precision Polymer Engineering (PPE) has announced the formation of PPE International LLC in the Kingdom of Saudi Arabia (KSA).
The partnership, along with construction of a new 1152m2 production facility in Dammam, will provide a significant boost to high performance oil and gas sealing solution availability in the KSA and the Gulf Cooperation Council (GCC) region.
In addition to creating 45 high-skilled job opportunities over the next five years, the founding of PPE International will see the new facility boasting an innovative Manufacturing, Technical and R&D laboratory space of oilfield sealing components, as well as modern meeting and administrative space.
To bring local content to the region, the new operation will focus on Saudisation and the UKLTVA (In Kingdom Total Value Add) initiative.
Commenting on the new company, Omer Raoof, General Manager, PPE International, said, “PPE International LLC is an important step in establishing Precision Polymer Engineering as a major presence in the Middle East region, specifically in the Kingdom of Saudi Arabia as the first local manufacturing company for oil and gas sealing capability.”
Already holding valuable working relationships with supermajors, NOCs and oil field service companies in the region, Raoof sees this new facility as an opportunity for PPE to allow its service level to be even more responsive.
Continuing, he said, “We are excited to have the opportunity to strengthen and develop our business by investing in the Dammam production facility, and we are looking forward to it playing a major role in the future successes of Precision Polymer Engineering in KSA and the wider regional area.”
The new Dammam production facility is expected to be operating at full capacity by September 2021.