The facility will be comprised of two units: a 188,370-sq.-ft. pump repair, manufacturing and test facility (Quick Response Center) and a 32,290-sq.-ft. hydraulics training center. Total cost of this joint project will be approximately $14 million (U.S.). It will employ more than 100 people and be fully compliant with Saudisation requirements promulgated by the Kingdom of Saudi Arabia.
A key component of the facility will be the region's largest, most capable hydraulics test bed. Certified testing to API and international standards will be available for both horizontal and vertical pumps (including high-pressure applications) to more than 8,000 hp. This will cover approximately 90% of the region's installed base. The test bed will allow end users to verify equipment performance or diagnose and correct problems. Upgrades to existing pumps can also be recommended to improve efficiency and reliability.
Sheikh Abdullah Al Rushaid, Chairman, Al Rushaid Group, stated, "This joint venture will bring both extraordinary capabilities and benefits to our customers in the petroleum-related industries, the chemical processing and power generation sectors. To have this extent of pump service/repair, testing and training is truly an essential component in the growth of our most important industries." Sheikh Al Rushaid added that technical training for the Saudi youth is a social and national obligation to which Al Rushaid Group is committed.
Lewis Kling, President and Chief Executive Officer, Flowserve Corporation, explained that, "This new complex provides us with a solid foundation to serve and support our customers in the Middle East. We strongly feel this facility will enable customers to more sharply focus on their core production activities while outsourcing pump maintenance. The Arabian Gulf Region is a critically important geographical market for Flowserve as evidenced by this commitment and we are most pleased to partner with Al Rushaid Group to make this a reality."
Flowserve Corp. is a provider of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve Corp. can be obtained by visiting the company's website at www.flowserve.com.
The Al Rushaid Group of Companies is an international organization that offers and provides a diverse range of engineering and contracting services, facilities, and products, including but not limited to oil and gas, petrochemical, chemical processing and power generation industries. These services include design, engineering, construction and procurement as well as project management and maintenance for entire plant operations, storage tanks, and high quality prestigious buildings and environment services, and development of ports and terminals. It is ranked ninth among the top 100 Saudi companies. More information about the Al Rushaid Group of Companies can be obtained by visiting the company's website at www.al-rushaid.com