AMPO POYAM Valves has announced a partnership agreement with Nigeria Machine Tools to establish a local subsidiary to design and manufacture highly engineered valves for the energy industry in Nigeria.
The company made the announcement in a statement posted on its website on Tuesday.
Alex Eizmendi, Strategic Director of AMPO POYAM Valves, said the company was excited about its partnership agreement with Nigeria Machine Tools, based in Oshogbo, Osun state.
“As the world leader in highly engineered valves for the power industry’s harshest applications and services, we are excited to partner with a leading manufacturer in Africa to bring our wide range of tailor-made valve solutions to the West African market.
“The agreement aims to further consolidate AMPO POYAM Valves’ position in the region while emphasizing the company’s commitment to the African continent.
“We look forward to a long-term partnership that can serve as an appropriate model of support for our West African clients,” he said.
According to him, it will also support Nigeria’s national economy of world-class global technology and know-how for the African market.
“This association also shows our full faith in Nigeria’s industrial infrastructure,” Eizmendi added.
Speaking about the deal, Mr. Norbert Chukwumah, Vice President of Nigeria Machine Tools, expressed optimism that the deal would boost Nigeria’s manufacturing capacity and the nation’s economy.
“Since our establishment in 1980, we have remained passionate about providing solutions to the industrial needs of Nigeria and later the continent, as well as transferring global technology and know-how to the local market.
“This partnership is aimed at boosting not only the West African market, but the continent as a whole, creating job opportunities, improving our resources and fostering technology transfer.
“As part of the partnership agreement, we will provide state-of-the-art facilities, resources and the latest technology and equipment available for the development of highly engineered AMPO POYAM valves for the energy sector.
“We thank the Nigerian Content Development and Monitoring Board (NCDMB) for creating an enabling environment that facilitated this agreement,” he said.
Furthermore, Yomi Ademefun, Director of AMPO POYAM Valves Nigeria, said that the scope of the agreement would focus on the manufacturing, testing, painting and service of highly engineered valves for the oil, gas, petrochemical, chemical, mining and energy sectors.
Ademefun said that the company had been in Africa since 2003 and had supplied more than 15,000 valves for strategic projects in different African countries.
He said that some of the projects include Dangote Refinery and Petrochemicals Project, Lagos, Greater Tortue-Ahmeyim FLNG, Angola LNG, Midor Refinery Upgrade Project, and Damietta LNG.
He said they also included the Skikda LNG Terminal, the Coral South Development Project, the Algiers Refinery Rehabilitation and Adaptation Project, among others.
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