AZZ Inc. and Abdulrahman Ababtain Co., Ltd. Announce Joint Venture Agreement
AZZ CGIT Arabia, Ltd. formed to meet the growing power generation needs in the Middle East
FORT WORTH, Texas - AZZ Inc. (NYSE:AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, and Abdulrahman Ababtain Co., Ltd., announced today a joint venture agreement to manufacture high voltage gas-insulated transmission line ("GIL") products within the Kingdom of Saudi Arabia.
Bill Estes, Vice President of AZZ Electrical Systems, commented, "We are pleased to be working with Abdularahman Ababtain. This joint venture is significant in that it establishes AZZ's first dedicated facility in the Kingdom of Saudi Arabia. AZZ's proven technology and engineering expertise will be a local resource for high voltage GIL products and services for the Middle East."
Expected to be finalized later this year, with joint venture operations to commence during first half of 2017, the facility will specialize in the manufacture of high voltage GIL and provide related services. AZZ's GIL product delivers economical long-distance power transmission with superior reliability and expected lifecycle. As the only North American manufacturer of GIL for use in high-voltage transmission and substation applications, AZZ has developed an optimal alternative to conventional cable systems and overhead lines. The joint venture provides AZZ improved access to local markets in the Middle East, and is consistent with the Company's strategic goals to enter into select joint venture agreements that will broaden the international scope of its business.
About Abdulrahman Ababtain Co., Ltd.
Abdularahman Ababtain Co., Ltd., commercial registration # 1010432165, is a Saudi company. The founder, Abdulrahman Ababtain, is an electrical engineer with an MBA and MS-Finance from the University of Tampa. Mr. Ababtain has extensive experience in high voltage power products and power substation automation, and has played a major role in constructing the first facility to assemble high voltage gas-insulated switchgear ("GIS") in the Kingdom of Saudi Arabia.
About AZZ Inc.
AZZ Inc. is a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world's infrastructure. AZZ Galvanizing is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ Energy is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.
Contact:
Paul Fehlman, Senior Vice President – Finance and CFO
AZZ Inc. 817-810-0095
Internet: www.azz.com
Lytham Partners
602-889-9700
Joe Dorame, Robert Blum or Joe Diaz
Internet: www.lythampartners.com
Contact:
Abdulrahman Ababtain, Founder and General Manager
+966 552244345
Abdulrahman Ababtain Co., Ltd.
AZZ CGIT Arabia, Ltd.
Source
AZZ Inc.
Web Site: http://www.azz.com
