Dubai: Velath, a leading provider of technically advanced capital equipment, has manufactured one of the largest pressure vessels at a cost of Dh3 million offering value-added solutions to the oil and gas companies.
The new pressure vessel, which is used as a container to store liquids and gas, was fabricated to go to RAK Gas.
It has a very high capacity pressure with over 8 metres in height and a volume of nearly 1,000 cubic meter.
The pressure vessel industry is estimated at Dh2 billion in the Middle East and is expected to grow further with the ongoing support to the industrial sector across the UAE and the region as well.
Gulf News recently visited Valeth’s manufacturing plant in Hamriyah Free Zone in Sahrjah while the vessel was loading to go the seaside to be shipped to Ras Al Khaimah.
“This vessel is not a part of our mass production line as we fabricated it only according to certain specification,” said Praveen Velath, General Manager of Velath.
“This vessel is a bit sophisticated in terms of size and specification as it can be built only inside a big manufacturing plant with a good location for logistic services,” Velath said. “The strategically decided operational location in Hamriyah Free Zone has logistically eased the growth of business.”
He added that although it took eight months of fabrication, “it proves our manufacturing ability to cater and meet the high demand in the market”.
Velath is the leading regional provider of technically advanced capital equipment and engineering services to the oil and gas industries. It has a capacity to manufacture 25,000 tons of steel fabricated requirements.
The company has grown from 500 sq. foot plant 30 years ago to 500,000 sq. foot spreader over three industrial plant between Ajman, Sharjah and Hamriyah Free Zone.
Today, Velath is an approved manufacturing vendor to Abu Dhabi Water and Electricity Authoriy (Adwea), Dubai Water and Electricity Authority (Dewa), Abu Dhabi National Oil Company (Adnoc), Dubal, Qatar Petroleum. Qatar Gas and other leading corporations and consultants.
The company has a strong presence in the Middle East, North Africa, Europe and Asia and is planning to expand its production plan by establishing a new facility in Abu Dhabi next year, according to Jayakrishnan Nair, Business Development Manager at Velath.
“We are planning to build a new manufacturing plant in Abu Dhabi spread over 300,000 square foot to meet other need of other business sectors including chemical, petrochemical, energy, construction, food and beverage, process and transportation,” he said.
Some of the challenges that face this industry today include costs, facilities, equipment and expertise to execute this business, Nair said that Velath is performing well with growth estimated at 20 per cent on an annual basis, and that he expects to keep this pace of growth.