The joint venture will supply high-performance polymer products for critical services in the Middle East and build a state-of-the-art manufacturing facility.
– Mohammed Abduldayem, CEO of EROG
HOUSTON, TX, UNITED STATES, December 7, 2021 /EINPresswire.com/ – CDI energy products, Inc. (CDI) has announced the formation of a new joint venture between CDI and its international partners Earth Reservoir for Oil and Gas Ltd. (EROG) and Sadeem Investment. The joint venture will operate with a mission to supply high performance, service critical polymer components to the Middle East. CDI will soon announce a location for the construction of a 4,400 square meter state-of-the-art manufacturing facility.
The new state-of-the-art, high-performance polymer products manufacturing facility will enhance CDI’s capabilities in the Middle East and support the transition into the global energy market. The facility will produce polymer products made from elastomers, thermoplastics and composites. Local manufacturing capabilities will include compression molding, advanced machining and turning, overmolding and gluing, enhanced by custom design, application engineering and materials labs. CDI will also support customers with on-site material testing and certification capabilities to ensure compliance with critical material specifications. Employing approximately 100 people when fully operational, the facility will provide improved distribution to its multi-market customers while reflecting CDI’s high production and safety standards that have been refined over more than four decades.
“The expansion into Saudi Arabia is part of our continued commitment to support continued market strength and global customer demand,” said Richard Stone, Managing Director of CDI Singapore. Stone oversees CDI’s initiatives in Asia Pacific and the Middle East and leads the development project as the company seeks to hire local talent for leadership and administrative roles. “Our Phase 1 strategy is to support the upstream, mid-range and downstream energy market with a focus on natural gas and products for rotating, pressure-containing and controlling equipment such as high-pressure seals. and temperature, valve stems, packing materials, wear rings, bushings and spring seals. Subsequent phases will focus on the global growth of renewable energy, power generation and distribution, and water treatment, as well as future growth targets in aerospace and other industrial applications.
CDI’s new facility will be located in the city of Dammam in Saudi Arabia, the epicenter of many new technological developments, infrastructure improvements and sustainability initiatives for the Middle East region. “We are delighted to see innovative projects taking shape under Saudi Arabia’s Vision 2030. We recognize the accomplishments of this multi-year mission and strive to play an active role in creating economic opportunities, healthier employment opportunities and long-term prosperity. for everyone, ”says Mohammed Abduldayem, CEO of EROG.
CDI is a long-time champion of sustainability with its existing manufacturing facilities powered 100% by renewable energy, with the goal of reducing its total environmental impact by 30% by 2030. The Saudi site will adhere to the high standards of CDI for safety and sustainability. , with a desire to minimize CO2 emissions, reduce water and energy consumption, increase recycling and reuse and reduce plastic waste.
“The opening of our new factory in the Middle East region represents a significant investment for CDI and demonstrates our commitment to regional manufacturing. As a global manufacturer, having local facilities allows us to better serve each of our customers with expertise that understands the critical demands of the region, ”said Ravila Moodley, Director of Finance, Advanced Sealing Technologies, Divisional Leadership for CDI. “We are excited to work with the world-class workforce in the Saudi Arabia region and support local communities with workforce development, training and more. “
The increase in production capacity will also enable CDI to provide cutting-edge solutions with reduced delivery times, thus strengthening its reputation as a reliable partner for customer projects in the energy market and beyond. In addition to employing local men and women, CDI will use smart manufacturing technologies and automation to improve efficiency and production capacity.
For more information on CDI’s full suite of materials science, custom engineering, and vertically integrated manufacturing capabilities, visit www.CDIProducts.com or contact Kari Schoeffler by email [email protected]
Earth Reservoir for Oil and Gas Ltd. (EROG) is a Saudi company specializing in the supply and services of the energy industry. Over the past 8 years, EROG has been a successful partner of many international oil and gas companies that have been introduced to the Saudi market. EROG continues to thrive and seek new business opportunities, technological advancements and know-how transfer in the Saudi Arabian market in accordance with Saudi Vision 2030. For more information on EROG, please visit www.erogholding.com or contact Alanoud Aleidi by email at [email protected]
Sadeem Investment is a private industrial investment firm based in Riyadh, Saudi Arabia. It focuses on investments that drive technology localization in Saudi Arabia and has a demonstrable track record of growth and return on investment across a range of the kingdom’s energy sectors. Under the guidance of local energy market experts, the company has built a diverse investment portfolio with international partners seeking to expand their markets by establishing an industrial footprint in Saudi Arabia and is ready to transfer its expertise into the region. For more information about Sadeem, please visit www.sadeeminv.com or contact Sami Albaqami by email at [email protected]