GGICO acquires leading process equipment manufacturing co.
Gulf General Investment Co. PSC (GGICO) announced acquisition of Quality International Co. Ltd., the region’s leading Engineering company specialized in the manufacturing of Process equipments for the Oil & Gas, Petrochemical, Chemical & Paint, Power & Desalination, Water & Food Processing industries. Quality international Co Ltd is accredited with ISO 9001:2000 and also with ASME "U"& "S" Stamps and National Board “NB” and "R" certifications.
“This acquisition is part of our on-going growth and is in-line with the Board of Directors approval for acquisition,” commented Mr. Mohammed Abdalla Juma Al Sari – Managing Director of GGICO and the newly appointed Chairman of Quality International.
Quality International specializes in Design, Detailed Engineering, Procurement, Fabrication, Supply and Site Installation of process equipments like Pressure Vessels, Reactors and Columns, Heat Exchangers, Skids mounted packages, Piping system and Piping Spools and all types of Tanks and Tank farms. Construction materials include Carbon Steel, Stainless Steel, Duplex & Super Duplex, Alloy Steel, Clad Material, Inconel, Monel etc.
“Joining with a reputable leading group like GGICO helps us to attain our target to continue growing on a global scale,” added Mr. Shashi Ramakrishnan – Managing Director of Quality International.
GGICO is a Dubai Financial Market listed public shareholding company with widely diversified activities through its 30 subsidiaries and affiliates. The group has interest in manufacturing & industrial, investment & brokerage, real estate, insurance, retail, trading, transport, services and hospitality. GGICO has been rated by Fitch and Moody’s.