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Astec Valve gets Dh1 m orders for `GasFuse' product

Vimala Vasan

Abu Dhabi , Oct. 15

ASTEC Valve and Fitting Company (AVFC) has received orders worth an estimated Dh 1 million, for its innovative `GasFuse' product launched at the Arab Oil and Gas Show (OGS) currently under way in Dubai.

The new product is a pressure safety valve that provides zero-leaks shut-off in split seconds in case of accidents. The Indian company had recently appointed Faran Trading as its sole distributor in Iran.

It has also appointed Masdar, a Dar Al Riyadh Holding Company, as its distributor in Saudi Arabia, according to a statement from IC&E, organisers of the show, which was made available to Business Line.

"We have had the opportunity to meet with, and develop channels of trade and communication with visitors from across the oil and gas industry in the Gulf region,'' said Mr Bobby Kohli, Chief Executive Officer, AVFC.

"The product we have launched at the show is a revolutionary one and we have been negotiating with a large number of companies in the region. By the end of the show, we expect to appoint a few more distributors in various countries of West Asia.''

The show is currently being held at Airport Expo Dubai. "The first two days at OGS registered an estimated 2,500 visitors from across West Asia, Iran, the Indian sub-continent and Europe,'' said Mr Anselm Godinho, Managing Director, IC&E.

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