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Dresser-Rand Signs Agreement With KazTurboRemont

Posted on May 18, 2010

Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment, recently announced that Dresser-Rand S.A. has signed a Memorandum of Understanding with Kazak company KazTurboRemont (KTR) to establish a long-term business relationship focusing on the service and repair of mission critical rotating equipment, including compressors and industrial gas turbines used in oil and gas applications and other industries.

The MOU also offers the possibility for the companies to pursue business opportunities on new equipment with the intent to develop localization capabilities. KTR, a private company headquartered in Astana, Kazakhstan, operates a service and repair facility in Atyrau. The company offers maintenance and modernization of gas turbine and gas pump units. The company's clients are primarily located in Kazakhstan.

This agreement is consistent with Dresser-Rand's business strategy of service expansion and localization in rapidly expanding markets outside North America and is in accordance with the industrial innovation development plan in Kazakhstan, said the company. The agreement compliments a recently added dimension to the company’s service portfolio, said Dresser Rand, with extension into the growing industrial gas turbine repair and field services segment.

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