Sheffield company opens Dubai hub
Dubai, March 3, 2014
A Sheffield-based Cutting & Wear, a global supplier of downhole tool technology to drilling equipment manufacturers, has opened a new stock location in Dubai.
Cutting & Wear in Ecclesfield exports products regularly to the Middle East and the new central hub will act as a distribution facility to customers in the UAE and other key countries, said a company statement.
The UK firm, which began in 1968, manufactures downhole tools and hardfacing consumables for the oil and gas drilling industry and has seen continued growth in its international trade with more than 50 per cent of its turnover exported.
Cutting & Wear already has a small stock location in Louisiana for its QuickTip licensees, and plans are in place to open a further larger facility in Houston, Texas, to support the company’s export market in the US. A third location is also being proposed in Asia as Cutting & Wear establishes a larger global presence.
Mark Russell, the managing director, said: "The Middle East has become a key region for us and so it made sense to establish a stock location in Dubai to act as a central facility to distribute our products. We will be making regular shipments to the facility in order for our customers to access our consumable products quickly and easily."
“Previously we would ship directly to the customer from the UK. But by transporting products from the store location we will cut the delivery time from around a fortnight to only a few days, while also reducing documentation," he added.-TradeArabia News Service