Technomak Energy International, an integrated fabrication and erection company, is forging ahead with plans to cater to the entire Gulf region.

“Countries like Saudi Arabia and Kuwait are moving ahead with expansions and upgradations. We would like to be part of these projects,” said Haxer Ali, CEO, Technomak. “We are also expanding regionally with our own office in Saudi Arabia and we will be working in Kuwait through our partners. All these will be aside from our current ongoing projects in the UAE oil and gas sector, including long-term agreements with OPCO. The UAE market remains very promising and stable. We are also drawing up a roadmap to target Africa as well.”

Technomak has been having a good ride this year with order bookings standing strong. “We achieved almost 83 per cent of our target for 2015 by February and attribute this to the confidence of our customers,” said Ali.  Some of its key customers are Adma, Zadco, Petrofac, Mearsk Oil, South Oil Iraq and ONGC. Other clients it has worked with are: J Ray McDermott, Alstom, ECL, Drydocks World Dubai, Lamprell, Hyundai, Leighton, Emal and Dubal.

The company has been associated with projects in the Gulf, India and Canada. It accomplished fabrication work for the Kitimat alumium smelter modernisation project in British Columbia, Canada.

POSITIVE RESULTS

The company fabricated equipment for the Kitimat aluminium smelter modernisation

“We are certain that in the coming year we will see more positive results. In order to cater to major projects we are aggressively expanding our facilities. Additionally, we are on a hiring spree to fill vacancies of more than 600 specialised employees to handle the increasing inflow of projects. Our spending on capex has almost doubled to meet industrial demands. We are also increasing our investment in automation to keep prices competitive in an aggressive market,” said Ali.

“Last year the market was still facing some side effects of the last recession. Towards the end of year a lot of positive development came into the sector which helped us gain good traction. This year there still remains some level of uncertainty in markets due to many issues including political, the oil price drop and the liquidity crunch, but Techonomic as a group is well positioned despite fluctuations in the market.”

This year the company is targeting a revenue increase of 50 per cent over last year. Its strategy is to offer customers a diversified portfolio of services. Techonomak is well-known in the oil and gas, power and water, offshore and marine and metallurgy industries for its structural work and fabrication of  piping material, pressure vessels, skids and offshore structures such as top sides and jackets.

To increase its capabilities further, the company had earlier announced that it was building a $75 million state-of-the-art plant on a new 1.1 million sq ft plot at the Hamriyah Free Zone where it has its current facilities stretched across 1.3 million sq ft.

The new investment will help to strengthen Technomak’s position and expand its offerings to the oil and gas, power and water, offshore and marine and metallurgy industries worldwide.