Pan Gulf Valves (PGV), one of the leading manufacturers of a comprehensive range of valves and accessories in Saudi Arabia, says a projected 15 per cent annual growth in the industrial valves market will help drive its business ahead.
The subsidiary of Pan Gulf Industrial Investment says business has remained consistent over the past four years and it has orders worth $100 million in the pipeline.
General manager Adil Sabri attributes PGV’s secure position to a healthy backlog, with the current dip in projects not having affected its revenues as yet.
PGV caters to the needs of a range of end-users across the industrial, infrastructure and public utility sectors including Saudi Aramco, Saudi Basic Industries Corporation (Sabic), Saudi Electricity Company (SEC), Ministry of Water and Electricity (MoWE), Saline Water Conversion Corporation (SWCC), and the National Water Company (NWC). During 2014-15, it won projects worth $20 million and currently has prospects marked to the order of $100 million.
Sabri says that even though demand for industrial valves has currently dipped, he believes the market will pick up and will grow at a rate of 15 per cent annually.
“Growth will be proportionate for all types of valves. The focus will be on more intelligent equipment with a stress on energy efficiency and alternate energy solutions for remote installations,” says Sabri.
Based in Dammam’s Second Industrial City, PGV has assimilated nearly four decades of expertise as a leading national manufacturer and supplier of valves and associated equipment for the oil and gas, petrochemical, industrial, water, waste water, power generation and desalination sectors in Saudi Arabia and the rest of the Gulf region.
The company, which has a sales and services network that spans across the kingdom and the Middle East and North Africa (Mena) region, has developed an in-depth understanding of its markets and the needs and preferences of its clients and end-users.
“Reflecting this, our designs and products have evolved over the years incorporating the most modern design innovations to deliver an unsurpassed level of quality and service to our end-users. Quality, reliability and expertise are not simply ideals – they are everyday words describing everything we do,” Sabri points out.
PGV’s range of product includes isolation, control and safety valves, firewater equipment and associated accessories as well as a special programme of engineered products and pipeline intervention equipment.
Looking ahead, the company plans to make a foray into the upstream segment of the oil and gas industry with the launch of a specialty range of products.
The company has invested recently in a new manufacturing facility which is currently prototyping high-pressure butterfly, ball and globe valves. The facility is equipped with an in-house product validation and research and development (R&D) centre. Among certifications, it has acquired the required ac-creditations such as API 6D, API Q1, ISO 9001-2008, WRc-NSF.
In addition, PGV has production facilities spread across 25,000 sq m with 8,000 sq m of covered production facilities; 1,500 sq m uncovered and a 13,000-sq-m warehousing and logistics centre. Its sales network operates out of its branches in Al Khobar, Riyadh, Jeddah, Yanbu and Bahrain.
Sabri says that PGV remains concerned by the continued fall in oil prices, and that a slowdown in infrastructure projects is expected. “Projects will be shelved or put on hold, demand will dip. Expenditure cool-downs will also affect operations through spending freezes. A slowdown for contractors and the retention and acquisition of talent will be other areas of concern,” Sabri says.