President of Wroclaw Agglomeration Development Agency inaugurates the facility

Abu Dhabi, June 4 2008:  Al Masaood Group has recently opened a new service centre in Wroclaw, Poland, through their partner Osborne Engineering LTD (OEL), providing high quality, repair manufacture, failure analysis and alignment services of white metal bearings for use in the Oil & Gas, Petrochemical and Power sector. The Service Centre was inaugurated by the President of the Wroclaw Agglomeration Development Agency Mr. Dariusz Ostrowski, with attending members from OEL and The Al Masaood Group.

Mr. Ostrowski commended Al Masaood for using the latest technology throughout the facility which will surely meet the demands and standards of the European market. He concluded his tour by thanking OEL and Al Masaood Group for choosing Poland as their first European facility and providing new job opportunities for the local laborers.

The new Service Centre will offer state-of-the-art equipment for the manufacture, and repair of all types of white metal bearings. The facility will also offer failure analysis and alignment services for white metal bearings for use in the Oil & Gas, Petrochemical and Power sector. A team of specialized professionals has been hired to ensure first-class quality management, and that international standards are carried throughout all procedures.

Outlining the strategic plan of the Al Masaood Group, His Excellency Masaood Ahmad Al Masaood, said: "We are currently implementing a strategic plan which seeks to strengthen our pioneering and distinctive role throughout the region as well as worldwide in order to consolidate our position as a leading commercial organization. Our outreach to the European market is a testament to that promise".

He added that the new service centre will occupy a space area of 2000m² and would enhance the Company's service portfolio by providing services used in various industries in addition to end-user consumers.   

H.E. added that Al Masaood Group chose Poland to establish the Manufacturing and Service Centre due its strategic geographical position, specialist local labour skills, and to meet the needs of the European as well as the international markets.

"Our proactive approach to our business means we continuously improve and adapt to market demands. Over the years, this has become obvious by our consistent search for diversity and changes," said Mr. Shukri Benfaied, Managing Director of The OEL Group.

Mr. Marek Dudzinski, General Manager of OEL S.P. Zoo said that they continue to hold a leading position in the industry to offer expert experience and knowledge to the Eastern European market and beyond.

-Ends-

The Osborne Group
Osborne is a part of Al Masaood Group and Osborne Engineering UK. Masaood Osborne Bearings specialize in the repair and manufacture of white metal bearings used in the Oil & Gas, Petrochemical, Power generation and Water utility industries. The company's manufacturing and production facilities are situated in the Jebel Ali Free Zone, Dubai, with Osborne Engineering UK providing full technical support and ongoing research and development.

Osborne Bearings LLC manufactures equipment including turbines, gear boxes, fans, electric motors, diesel engines, and pumps. The company is a reputed supplier to many original equipment manufacturers such Flender, Dresser and Siemens and is well reputed for producing quality goods and providing first-class services. Masaood Osborne Bearings prides itself on technical excellence and total customer satisfaction.

About Al Masaood Group
Al Masaood Group was established more than fifty years ago by the late Mohammed Bin Masaood and has remained a prominent business player in the United Arab Emirates ever since. Over the years, the Group has grown from a small trading house to one of the largest trading and commercial organizations in the Middle East with a turnover of $1.8 Billion. Al Masaood Group now has over 7,000 employees worldwide and is co-owned by H.E. Rahma Al Masaood, H.E. Abdulla Al Masaood and H.E. Masaood Ahmed Al Masaood. Al Masaood Group operates through 38 different business units in most sectors of the market including Automotive, Construction, Engineering Services, Manufacturing, Marine, Oil and Gas, Power, Real Estate, and Travel and Tourism. Al Masaood Group is one of the most established businesses in the UAE and have long standing business relationships with many internationally known companies such as Nissan, Renault, Bridgestone, Harley Davidson, Volvo Penta, Air France, Lufthansa, Flour Corporation, Electricite de France, MTU and KSB to name a few.

For more information about the Al Masaood Group please visit our website, www.masaood.com.

© Press Release 2008