Friday, September 28, 2007

PAS Technologies and Cameron Romania sign services agreement

Source: OilOnline
Thursday, September 27, 2007

PAS Technologies Inc. has entered into a new multiyear agreement with Cameron Romania, a subsidiary of Cameron, to provide a turnkey on-site facility for industrial coating and finishing of oilfield components. The agreement includes plans for PAS Technologies to establish a facility within the Cameron Romania facility located at Campina in the country of Romania.

The new entity will be known as PAS Technologies Romania Ltd. The on-site plant will supply industrial coating and finishing for gate valve components manufactured in the Cameron Romania operations, and further strengthens PAS Technologies' capability to provide highly reliable service in the geographic region of Europe.

PAS Technologies will facilitate and operate the state-of-the-art coatings facility for start up in 2008. The on-site facility concept enables PAS Technologies to provide a lean manufacturing environment that minimizes turn-times, reduces waste and increases productivity for Cameron by eliminating the need for outsourcing these processes.

"Combining quality and industry-leading technology expertise with faster turnaround times for customers throughout this region is the mission of PAS Technologies," commented Jim Andrews, vice president acquisitions and ventures for PAS Technologies Inc. "This move is in line with our strategy to establish operations and ventures to support our customers in all regions of the globe."

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