Hilbroy Advisory: Baker Hughes opens Saudi Arabia drill bit manufacturing plant

This modern drill bit plant consolidates all the manufacturing processes for PDC bits in Saudi Arabia. At full capacity, the facility, an integral part of the Baker Hughes super base in Dhahran, will employ approximately 80 people.

Online PR News – 03-February-2011 – – Montreal, Quebec, February 2, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) Hilbroy Advisory Reports : Baker Hughes announced that its new drill bit manufacturing plant in Saudi Arabia is fully operational and delivering industry-leading polycrystalline diamond compact (PDC) bits to the Saudi Arabian and Middle East markets.

This modern drill bit plant consolidates all the manufacturing processes for PDC bits in Saudi Arabia. At full capacity, the facility, an integral part of the Baker Hughes super base in Dhahran, will employ approximately 80 people.

"Proximity to markets and customers is critical to ensuring client alignment and fit-for-purpose products," says Art Soucy, vice president of supply chain for Baker Hughes.

"Saudi Arabia and the Middle East are key markets for Baker Hughes and, after several years of successfully assembling drill bits in Saudi Arabia, we took the next logical step of manufacturing bits from raw materials. The investment underscores our commitment to diversify our manufacturing footprint to better serve our global client base."

Khaled Nouh, president of Middle East operations for Baker Hughes, says, "Baker Hughes has provided solutions to clients in the Middle East, and specifically Saudi Arabia, for over 70 years - dating back to the drilling of the famous first discovery well, Dammam #7. We have demonstrated our commitment to the Saudi market, opening our new integrated base last year and now the new drill bit manufacturing plant, which offers further employment opportunities for the Saudi workforce. We welcome this opportunity to be part of Saudi Aramco's continued leadership in developing the oil and gas reserves of Saudi Arabia."
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
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Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

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Contact Information
Jean Francois Amyot
1400 rue Begin
Montreal Quebec, H4R 1X1

514-334-3131