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Kanoo Oil & Gas acquires Technical Contracting Company (TCC) YUSUF BIN AHMED Kanoo is one of the largest independent family owned multinational companies in the Middle East, with an extensive portfolio of complementary business units and strategic partnerships across a range of industry sectors. Established in 1890 as a family trading and shipping business, the company has now evolved into a diversified conglomerate with a dedicated workforce of over 4,000 employees. Kanoo Oil & Gas, one of the major operating divisions of the company, is the leading provider of products and services to the oil, gas and petrochemical industries in the Kingdom for more than five decades. Kanoo Oil & Gas in its pursuit to move more towards local value addition and thus providing value added services to the customers, has acquired 100 per cent shares of Technical Contracting Company (TCC), a Jubail based limited liability company, specialised in mechanical, electrical, instrumentation, industrial coating, contracting and maintenance services in the Kingdom of Saudi Arabia for the last three decades. TCC is an approved vendor with ARAMCO, SABIC, SEC, SWCC, Maaden, Royal Commission and other major clients in the Kingdom of Saudi Arabia. TCC skills showcase both implementation and operation, overseeing development to fit specific client needs. TCC’s management, engineers and manpower have proven functional and technical expertise combined with hands-on experience, ensuring that its clients receive the most effective and professional service. According to Khalid Kanoo, deputy chairman of Kanoo Group, the acquisition of TCC is a strategic decision for seamless integration of its business activities with its Oil and Gas Division to provide value added services to all its potential customers and

Kanoo Oil & Gas is a leading provider of products and services to the oil, gas and petrochemicals industries in the Kingdom

improve overall efficiency of the prevailing business in the Kingdom of Saudi Arabia. Ali Kanoo, country manager of the Kanoo Group, added that integration of the two companies will offer clients the same high level of service provided by Kanoo to all its existing customers. Yusuf Bin Ahmed Kanoo Company Ltd is exhibiting at Stand 212219 at the Exhibition of the SABIC Technical Conference

SABIC introduces new range of synthetic rubber products SABIC INTRODUCED ITS new range of synthetic rubber products, being manufactured for the first time in Saudi Arabia, at the K-Show Europe Exhibition in Dusseldorf, Germany, October 2016. Commenting on the pioneering Saudimade synthetic rubber products, Abdulrahman Al-Fageeh, SABIC executive

vice president, Polymers, said, “We are very proud to be pioneering producers of synthetic rubbers in the Middle East to support conversion industries for tires, automotive, building and construction. With our ideal location, we should be able to reach strategic global markets, particularly Europe, further

developing customer intimacy.” Sami Mohammed Al-Osaimi, vice president, Elastomers, PVC, PS, PET, PMMA and POM, said, “Europe is a strategic market for SABIC’s new rubber products that will be used mainly for automotive applications, such as tires, gaskets, hoses, and weather seals.”

Issue 7 2016


Profile for Alain Charles Publishing

Oil Review Middle East 7 2016  

Oil Review Middle East 7 2016