Fuel for Thought

  • Yokogawa establishes Norwegian subsidiary

Yokogawa establishes Norwegian subsidiary

Apr 04 2019 Read 448 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 September 2019

September 2019

In This Edition Fuel For Thought - Analytik Jena Science Award honours outstanding scientific articles - New VGO fuel and gas oil testing inspection in Louisiana - Industrial Scientific app...

View all digital editions

Events

Black Sea Oil and Gas

Oct 23 2019 Bucharest, Romania

OTC Brasil 2019

Oct 29 2019 Rio de Janeiro, RJ, Brazil

SETAC North America

Nov 03 2019 Toronto, Canada

ISA Process Industry Conference

Nov 04 2019 Houston, Tx, USA

Africa Oil Week

Nov 04 2019 Cape Town, South Africa

View all events