The company will invest a further $5 million in its fully owned subsidiary, MS&S, in Odessa, Texas which primarily focuses on the oil & gas industry. Having outgrown its current location, the bulk of the investment will finance the construction of a new $3.7 million building, which will bring MS&S up to the AESSEAL standard and further raise its profile in the oil & gas industry.
The increased productivity will mean that 85% of mechanical seals and support systems offered for sale by AESSEAL Inc will be made in the USA.
AESSEAL Inc CEO Pete Rouleau said: “This investment represents the confidence the company has in the opportunity for our products in North America and recognises the importance of our ability to manufacture in the USA. Our ability to manufacture locally will further improve what we already believe is the best customer service in our industry, which ultimately will be to the benefit of our customers.”
Chris Rea, group managing director of AES Engineering, said: “As our US business AESSEAL Inc has grown, the group has concluded that investment in the US market is essential to ensure that we continue to be true to our central goal of providing exceptional customer service.
“It is also a sign of confidence in the United States, which is the largest and most dynamic market in the world.”
AESSEAL www.aesseal.co.uk
