Radius Systems Enters Joint Agreement in Middle East
Market leading infrastructure plastic pipe systems manufacturer Radius Systems has struck a joint venture agreement with the highly respected Abu Dhabi-based Senaat Group.
The Emirates Conversion Industry LLC (Senaat) partnership is one of the emerging investment companies in Abu Dhabi. It has investments in various sectors, including metals, marine, infrastructure and petrochemical downstream developments.
The agreement will bring Radius Systems' manufacturing expertise to the United Arab Emirates and will lead to full-scale manufacturing in Abu Dhabi. It is part of a planned global expansion programme by UK based Radius Systems, which had a management buyout in 2008 from previous parent Uponor of Finland.
Initially, Radius Systems will introduce high-performance plastic pipes and fittings systems for potable and non-potable water, gas and telecommunications to this key growth area. By providing products -- and subsequently full production processes -- Radius Systems will bring the benefits of world-class products and expertise to companies operating in the Gulf region.
Senaat's investment objective is to develop industrial downstream projects. These will contribute significantly to the achievement of the Abu Dhabi government's Economic Vision 2030.
Radius Systems CEO Stuart Godfrey, said: "We were looking for a professional partnership to expand our international operations. The fit with Senaat was perfect, with our respective backgrounds in oil and gas derivatives."
Andre van Uffelt is CEO at Senaat, and he commented: "We are proud to have a partner like Radius Systems investing and delivering a commitment into our region. Based on the Economic Vision 2030 we aim to set up industries offering long-term, sustainable solutions for the Emirate of Abu Dhabi.
"With Radius Systems we have a partner offering technology, processing and application expertise. Furthermore, with their product portfolio, we are in a position to enhance and improve piping systems for oil and gas applications. It is becoming increasingly important to offer high quality systems for sewage and drinking water."
