IronWeaver Limited, manufacturers of flow control equipment is set to begin operation in Nigeria, The Nation has learnt.
The Managing Director/Chief Executive Officer of the firm, Ada Obua, said in Houston, Texas, United States, that when it opens shop in Nigeria, it will be the only such firm that offers such services and equipment. ‘When we commence operations, IronWeaver will be the sole local manufacturer of valves in Nigeria. A couple of multinationals such as Cameron/Schlumberger and Hy-Lok have some limited local assembly capabilities. A few local companies import their products,” she said.
“Demand for our products is strong. Nigeria imports over $380 million in valves per year. That number will be up by 2018 as the majors work through the backlog of liquid fuels and gas projects. Plus, there is the focus of public and private spending on refinery and power generation infrastructure. Furthermore, the NCDMB’s requirement that 60% of project valves be sourced from local manufacturers remains in place,” she added.
She also said: “IronWeaver manufactures and services industrial flow control equipment and related instrumentation in Nigeria. Our goal is to be a recognised leader in producing valves, actuators, positioners, pumps and related equipment. We leverage industry-standard technology to deliver reliable precision-engineered equipment in-country, and so support customers’ success with technical, economic and participation goals.”