LEADING casing accessory and completion tool company Downhole Products has marked a new era in its ongoing global expansion with the opening of a $6million factory in China.
The 300,000 sq. ft. purpose-built factory in Xian, Central China includes research and development facilities and has brought more than 200 jobs to the local area, with a further 100 people to be recruited later in the year as new product lines are added.
The new factory will provide additional capacity for Downhole Products, working alongside existing manufacturing locations in the UK and US which also continue to flourish.
Commenting on the opening, Downhole Products managing director, Ian Kirk, said: “We have been manufacturing in China for six years and the decision to open the Xian factory is a strong demonstration of our commitment to the region.
“The Chinese factory will be a flagship in the development side of the business because it will help us to rapidly increase our product portfolio due to the high standard of service and technical ability on offer there.”
“The Middle East and Asia are growing areas for us and it is our philosophy to create products as near to the market as possible.”
Established in 1994, Downhole Products are world market leaders in the design, manufacture and supply of casing accessories and completion tools such as centralisers, reamer guide shoes and cable clamp protectors. Earlier this year the company announced that it had been awarded its second prestigious Queen’s Award – the UK’s highest accolade for business success.
For further information call Downhole Products HQ on (01224) 784411.
Issued on behalf of Downhole Products by Granite PR.