MNB Precision and Sigma Engineering Works Announce Joint Venture for Advanced Machining and API Services and Manufacturing
MNB Precision is the leading UK-based
manufacturer for supplying high complexity, high-value components. These
components are primarily for completion and downhole tools serving the upstream
sector of the oil and gas industry. Other industries MNB provides precision
services for include Nuclear, Power Generation, Rail, Automotive, and Aerospace
Sigma Engineering Works (a Mazrui
Energy Services Company) is the UAE’s leading Engineering Services provider
owned by the business leader – Mr. Abdullah Al Mazrui. Sigma Engineering Works
provides high-level technical services including fabrication, repairing,
certification, CNC machining, and API manufacturing for the energy sector.
MNB Precision and Sigma
Engineering have formed a joint venture to offer advanced Machining, API
Services and Manufacturing solutions in the UAE Market.
The signing ceremony for the
Joint Venture took place at the Sigma Engineering office in Abu Dhabi. Present
were the management teams from both parties. Luke Benton, the Managing Director
of MNB Precision, made the following remarks during the event:
“We are delighted to have this
joint venture with Sigma Engineering Works. It will allow us to significantly
develop the services we can provide to the Middle East region. Because of the
distinctive combination of our unique but broad range of services MNB and Sigma
will be able to create an unparalleled service offering in the Energy Market.”
“This joint venture with MNB,
enables us to provide better services to our existing customers and attract new
ones. In a fast-paced market like the UAE, it is of paramount importance to
continuously expand and develop our product offering”, said Olaf Grimm, General
Manager – Sigma Engineering Works.
For both MNB Precision and Sigma
Engineering the new partnership will elevate technical innovation and drive
forwards local manufacturing with great efficiency in the partners’ respective
supply chains expected. The joint venture will provide state-of-the-art
solutions to the Energy sector aligning itself with the UAE’s national strategy
to advance, strengthen and diversify the local economy.
The operations of MNB and Sigma joint venture
are planned to commence November 2021.
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