Castolin Eutectic, Switzerland, has opened a new subsidiary in Saudi Arabia through a joint venture agreement with its long-term distributor, Tarek Nasser Al Akeel Co. Ltd (TACO). The new Saudi Arabian cooperation aims to offer wear protection and repair of bottom-hole assembly tools, similar to the services provided by the Castolin Eutectic Services facility in Dubai.
The previous Castolin Eutectic – TACO collaboration referred to product sales, on-site welding repairs, vertical roller mill refurbishment, and CDP wearplates. Besides growing existing branches, plans for 2015 focus on the cement, steel, and mining industries in Saudi Arabia, as well as expanding the CDP wearplates prepared parts and services business.
Phase two of the joint venture will center on growing the Castolin Eutectic OilTec business and supplying local oil manufacturers’ need for drilling equipment to be serviced within the country.
