A comprehensive development plan targeting the company’s facilities and equipment and building the latest training center for employees in the sector to keep pace with market developments
Conclusion: EVACO is the first Egyptian company to enter the Iraqi market directly with the Iraqi Ministry of Oil and not through companies and we seek to be in the Libyan market
Conclusion: Reinforcing contracts has a positive impact on the company’s results by achieving an increase in the volume of revenues amounted to 65 million pounds against 38 million pounds last year and the target of reaching 100 million this year
Conclusion: Next week we will meet the leaders of Petrojet Company to enter into a series of new projects to be implemented by the company
Power News – Walid El Bahnasawy Optimistic statements made by Eng. Ahmed Al-Khatam, Chairman and Managing Director of the Egyptian Valves Company (EVACO), after the company emerged from the bottleneck thanks to the efforts of the current administration. Iraqi company after being approved and officially approved by the Iraqi Ministry of Oil. He concluded that EVACO was crowned with the shield of the Iraqi Oil Ministry on the sidelines of the company’s participation in the Oil Expo 2019, which expired two days ago and is preparing a memorandum of understanding soon with the Iraqi Ministry of Oil.
He concluded that Evaco is preparing to enter into projects and obtain contracts in Saudi Arabia. A meeting with officials of these companies is expected to be held soon. He stressed that a group of Libyan companies expressed their admiration and fascination with the performance and work of the company during their visit to EVACO. He pointed out that the EGYPS exhibition helped local companies to get acquainted with the activities and works of EVACO after a large group of Egyptian companies Where amazed by the activities of the company and its field.
Evaco also received maintenance contracts for ExxonMobil and Shell in Iraq, pointing out that a major workshop will be conducted in Iraq to serve all companies operating there. Musharraf in particular and the oil sector in general and the reason for this is the directives of Engineer Tariq al-Mulla, which provides for the need to open foreign markets and bring a hard currency to the country.
Concerning the most recent contracts that the company has acquired in the Egyptian market recently, we concluded by the end of last year that we have received maintenance and supply contracts for AMOC, Nest Oil Company and GASCO. He added that next week we will meet the leaders of Petrojet to enter into a series of new projects that Petrojet will implement. The results of the company witnessed an increase in the volume of revenues to 65 million pounds compared to 38 million pounds last year with an overall rate of almost 100%. Evaco is drawing up a future plan to expand, launch and conquer the African market. The company is currently discussing working in promising markets such as Nigeria, Angola and Ghana.” The General Assembly of the company will be held in the second half of March and the indicators will record good financial results and very promising. Concerning the company’s indebtedness, he said, the debt was paid to the banks and we paid a large part of the tax money. He also stressed the developments that took place in the factory, starting with fully modern equipment and an advanced integrated fire network, which did not exist before to change the roof of the factory completely after it was almost collapsed, which was causing damage to equipment and workers alike, as well as the development of a system of tests Balouf 100% After the work conceived to maintain the quality of the products were also built rooms for workers as well as waiting rooms for customers.
“Four machines were modified by self-effort and we could only bear $ 10,000,” he said. He explained that Evaco included two additional roles to its building as well as the ground floor “basement” of the building and will be tender the first of March next to develop the building of the company after the approval of the Board of Directors We fully envision the work of a training center within the building of the company for all workers in the petroleum sector to train on the Balouf, as well as there is a full development of the building of the company according to a modern and sophisticated concept befitting the image of the company Evaco one of the Egyptian oil sector companies. “We have concentrated in all directions and axes to promote the company until Ivaco, which you know and everyone knows now, went on,” he said.
