Joint Venture23 Dec 2024, 03:30 pm
Sealmatic India Establishes Joint Venture in UAE with HiTech for State-of-the-art Service Center
AI Summary
Sealmatic India Limited has acquired an Abu Dhabi Economic License (CN-5595547) for its joint venture with High Technology FZ-LLC (HiTech) to incorporate SEALTECH SEALS REPAIRS AND MAINTENANCE - L.L.C (SealTech LLC) in Abu Dhabi. This 50:50 joint venture aims to cater to the increasing demand for mechanical seals in the UAE region. SealTech LLC, located in the Musaffah Industrial Area, will be equipped with state-of-the-art plant and machinery and will provide world-class support and services for mechanical seals, addressing the needs of major customers like ADNOC, OEMs like KSB, Sulzer, Sundyne, Ebara, RuhrPumpen, and other EPCs such as PEG, Saipem, Maire Tecnimont, Worley, and Wood Group.
Key Highlights
- Sealmatic India Limited and High Technology FZ-LLC establish a 50:50 joint venture, Sealtech Seals Repairs And Maintenance - L.L.C, in Abu Dhabi.
- The joint venture will provide world-class support and services for mechanical seals, addressing the needs of major customers like ADNOC, OEMs, and EPCs in the UAE region.
- SealTech LLC will be situated in the Musaffah Industrial Area, equipped with state-of-the-art plant and machinery.
- Two experienced personnel from Sealmatic India will be transferred to SealTech LLC in Abu Dhabi to kick start the operations.
- The joint venture aims to cater to the ever-increasing demand for mechanical seals in the UAE region.