Thursday, April 9, 2015

News: AESSEAL invests in Asian operation

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Rotherham manufacturer, AESSEAL has opened a new purpose built Asian headquarters in Selangor on the outskirts of Kuala Lumpur as it continues to expand in the UK and worldwide.

With its global headquarters at Templeborough, AESSEAL is the world's fourth largest mechanical seal business and manufactures seals to stop leakage of harmful liquids and gases into the environment used in the oil, chemical, gas, mining, water and other industries.

With 230 locations worldwide, supplying customers in 104 countries, the new headquarters in Malaysia will support the whole of the Asian region except China and comes as a result of 17 years of continued sales and profit growth in the Asian region.

The Asian region is the fast growing region within the AESSEAL group with regular yearly growth over 25%. On the back of this continued growth the team within Asia has grown from just one to over 40 employees offering technical, engineering and sales support. The firm has operations in both Taiwan and Thailand and also works with distributor parties in other countries that share the AES philosophy and ethics.

The new 13,760 sq ft premises represents an investment of RM11.5mil, over £2m, and will provide AES products to the region including mechanical seals, seal support systems, bearing protectors and gaskets. It also includes a refurbishment centre complete with pump repair and refurbishment facilities. AESSEAL Malaysia is also providing technical training and consultation in rotating equipment with sealing solutions.

Richard Pickles, international CEO at AESSEAL, said: "The expansion into new purpose built headquarters is testament to the hard work and success of the current team. The new headquarters will enable us to build upon this success, but most importantly will ensure we can continue to give our customers the high level of service they have come to expect from us."

Reporting growth in sales and profit last year, a record that extends over 30 consecutive years, AESSEAL said that it was expanding into emerging markets, and that it is "well positioned to take advantage of the higher growth rates in markets outside of Europe and the USA" and will continue to strengthen its network wherever it sees opportunities for accelerated development, including sub-Saharan Africa and the Middle East.

Back in Rotherham, the growing firm secured £1.7m from the Government's Regional Growth Fund (RGF) in 2012 to put towards an £8.7m project. The money is being used to expand the company's UK R&D and manufacturing capability in delivering high-technology sealing applications to the world market.

The business was founded in 1979 by current managing director, Chris J. Rea, OBE who retains a majority interest and control at AES. AES Engineering Ltd, parent to the AESSEAL Group, reported its annual results for the year to December 31 2013 which showed that sales increased by 11%, to £146.5m.

AESSEAL website

Images: AESSEAL

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