Sealmatic India Ltd, a publicly listed company (BSE: 543782), has announced a significant partnership with Saudi Thalate General Manufacturing Industrial Co Ltd (STG) to expand its presence in the Kingdom of Saudi Arabia (KSA). This collaboration marks a key milestone for Sealmatic as it ventures into the Saudi market, reflecting the growing trade and strategic relations between India and Saudi Arabia.
Saudi Arabia, the second-largest producer of crude oil globally, plays a crucial role in the energy sector, with the country producing around 12 million barrels of oil per day. With industries in KSA continuing to modernize, particularly in oil and gas, petrochemicals, and power, there is an increasing demand for reliable mechanical seals. The mechanical seals market in KSA is currently valued at USD 150 million, presenting a strong opportunity for Sealmatic’s solutions.
STG, a 100% locally owned company with over 13 years of experience, is a major supplier to the oil, gas, and power sectors in KSA. Through this partnership, Sealmatic and STG will provide sales, repair, and refurbishment of mechanical seals, serving industries such as oil and gas, desalination, power, chemicals, and more. This alliance enables Sealmatic to leverage STG’s local expertise while offering its high-performance mechanical seals to meet the region’s demands.
Samir Mullaji of Sealmatic India expressed enthusiasm about the partnership, emphasizing how the collaboration will enhance their ability to respond to customer needs quickly and effectively, providing 24/7 support. ShaukatMarediya of Saudi Thalate (STG) highlighted their shared goal of expanding their service presence and offering customizable solutions to meet various industrial needs.
Sealmatic, known for designing and manufacturing mechanical seals for industries including oil and gas, petrochemical, pharmaceutical, and more, aims to transform the mechanical seals landscape in KSA with this partnership. Both companies are committed to delivering exceptional service, innovative solutions, and continuous training for technical personnel to ensure customer satisfaction throughout the region.
