Fluidomat enters in Strategic Distributor Agreement with Oceanwings - Saudi Arabia

Fluidomat Ltd has entered into a Strategic Distributor Agreement with Oceanwings - Saudi Arabia - A Subsidiary of Expertise group.

Fluidomat a leading manufacturer of Fluid Couplings in wide range since 1971 together with Oceanwings will create a strong co-operation to expand Fluidomat Fluid Coupling International market reach.

Saudi Arabia has a wide industrial base in Petrochemical, Mining & Power sector and have future plans to expand its industry base. Presently the Saudi Arabia market is catered only by European Companies thus offers a very high market potential for Fluidomat fluid couplings typically for Scoop Control Variable Speed Couplings which are hitech and value added.

This Strategic Distributorship represents an important milestone in Fluidomat's international growth objectives and is in perfect alignment with its long-term strategy to expand its global presence, specifically among the large global and emerging industrial markets.

Fluidomat offers fluid couplings of various types including variable speed couplings up to power range of 6000 KW. Fluidomat couplings are field proven, reliable and are of high quality of international standard.

Shares of FLUIDOMAT LTD. was last trading in BSE at Rs. 844.20 as compared to the previous close of Rs. 824.80. The total number of shares traded during the day was 2849 in over 155 trades.

The stock hit an intraday high of Rs. 844.70 and intraday low of 822.90. The net turnover during the day was Rs. 2371547.00.

Source : Equity Bulls

Keywords

FLUIDOMAT INE459C01016 DistributorAgreement Oceanwings SaudiArabia