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.
Mr Alex Eizmendi, Strategic Director, AMPO POYAM Valves, said the company was excited with its partnership agreement with Nigeria Machine Tools, based in Oshogbo, Osun State.
“As a world leader in highly engineered valves for the most severe services and applications of the energy industry, we are excited to engage 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 emphasising 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 to our West African customers,” he said.
According to him, it will also support Nigeria’s national economy by the transfer of global top-tier technology and know-how to the African market.
“This partnership shows our complete faith as well in Nigeria’s industrial infrastructure,” Eizmendi added.
Speaking on the agreement, Mr Norbert Chukwumah, Vice Chairman, Nigeria Machine Tools, expressed optimism that the agreement would boost Nigeria’s manufacturing capacity and the nation’s economy.
“Since our establishment in 1980, we have remained passionate about proffering solutions to Nigerian’s and subsequently the continent’s industrial needs as well as transferring global technology and know-how to the local market.
“This partnership is set to boost not just the West Africa market but the continent’s at large, create job opportunities, up-skill our resources as well as encourage technology transfer.
“As part of the partnership agreement, we will provide state-of-the-art facilities, resources and latest available technology and equipment 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.
Also, Mr Yomi Ademefun, Director, AMPO POYAM Valves Nigeria, said the scope of the agreement would focus on highly engineered valves manufacturing, testing, painting, and servicing for the oil, gas, petrochemicals, chemical, mining and power sectors.
Ademefun said 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 Skikda LNG Terminal, Coral South Development Project, Algiers Refinery Rehabilitation and Adaptation Project, among others.