Fuel for Thought

  • Yokogawa establishes Norwegian subsidiary

Yokogawa establishes Norwegian subsidiary

Apr 04 2019 Read 567 Times

Yokogawa Electric Corporation has announced its new subsidiary in Norway to engage in the sale of control products and provision of related services. The subsidiary, Yokogawa Norge, was established on 14th February 2019.

Renewable energy, pharmaceuticals, and foods are targeted under Yokogawa’s Transformation 2020 mid-term business plan, and each of these industries enjoys good prospects for growth in Norway. The country has played a leading role in Europe’s transition to a low-carbon economy and is diversifying its economy to lessen its dependence on natural resources.

In the Norwegian market to date, Yokogawa has relied on its distributors and a representative office to provide and promote control systems, field devices, and related services to the oil & gas industry’s upstream and downstream sectors, including refining and LNG. In July 2017, Yokogawa acquired TechInvent2 AS, a Norwegian company with advanced chemical injection technology that helps to prevent blockages and corrosion in oil wells and pipelines and renamed it Yokogawa TechInvent. Through the establishment of Yokogawa Norge and the creation of synergy with Yokogawa operations in Aberdeen, Scotland, Yokogawa will be able to solidify its sales and service organisation in Norway and accelerate growth not only in existing markets but also in the renewable energy, pharmaceutical, and food industries. Yokogawa Sales and service operations in Fornebu, Norway will begin from April 2019.

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment





Digital Edition

Petro Industry News July 2020

July 2020

In This Edition Safety - BM 25 & BM 25 Wireless: 10 years of improved safety - Discover the enhanced PS200 Fuel For Thought - FCI announces Adam Schleyhahn as Director of Sales - New...

View all digital editions

Events

Korea Lab 2020 - NEW DATES

Jul 27 2020 Kintex, South Korea

DXC 2020 - ONLINE EVENT

Aug 03 2020 Lombard, IL, USA

AGMSC

Aug 03 2020 Moon Township, PA, USA

View all events