PHOTO
Dubai, United Arab Emirates: FRISA, the global manufacturer of seamless rolled rings and open die forgings, announces the expansion of its footprint in the Middle East and North Africa (MENA) with the opening of its new office in Dubai.
As a part of its international investment and continued global expansion, the new office will further support the success of current and prospective customers as the company evolves and advances its forging solutions.
The MENA metal finishing market is estimated to witness a significant growth, at an estimated CAGR of over four percent through the course of the next five years, due to the increasing requirement for durable, wear-resistant, and long-lasting metal products. Infrastructure development and technological advances are primarily being focused on by the MENA region, smoothening the market entry for multinational players into the country.
The move comes at a time when the region experiences relaxed restrictions and projects are expected to move in full swing following a period of stalemate and marginal excess inventory resulting from transport restrictions brought on by the pandemic. The construction industry in the MENA area, especially in the UAE, has always been regarded as one of the most vital and dynamic sectors. Therefore, and in the light of COVID-19 impact, localizing availability of crucial material and adapting to newer technologies that eliminate the need for travel and imports or exports becomes of paramount importance. The company will help the market handle the steel orders to lead the recovery of the market. FRISA capabilities best positions its operations to overcome the slowdown of output and deliveries that the region has witnessed lately.
Commenting on the expansion, Carlos Garza, CEO of FRISA said, "The decision to establish FRISA’s regional office in the UAE is part of our strategic growth plan to support our customers not only in the steel industry but across other sectors under our portfolio including Oil & Gas, Power Generation and Aerospace, as they embark on recovery from the impact of COVID-19. Not only will we be closer geographically to many of our key clients and projects, we will benefit from access to clients in the Middle East and North Africa region. The UAE is well established as a regional business hub, and our presence here is a mandated requisite for FRISA’s growth.”
FRISA has a proven track record of working with internationally dominant brands, including Siemens, Rolls Royce, Caterpillar, General Electric, and Schlumberger, who have benefited from FRISA’s diversified and extensive offerings which includes, but not limited to, carbon, alloy and stainless steels, titanium and superalloys allowing for the service of a wide spectrum of industrial markets. Their world-class standards, strong commitment to quality, exceptional customer service and state-of-the-art manufacturing facilities have positioned FRISA as a strategic, reliable supplier among the world’s most outstanding OEM customers.
About FRISA
FRISA is a world leading manufacturer of seamless rolled rings and open die forgings. Established in 1971 in Monterrey, México as a small forging company, it supplied rings and blanks to local machine shops. Over time, the company started to expand its capacities and diversify its products in response to growing demand. With four facilities in Mexico and one in the US, FRISA is able to handle big volumes as well as one-piece jobs and provide worldwide door-to-door service, exporting production to the most demanding industries and markets on five continents. Forging evolution.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
