Tokyo, Japan - October 29, 2015
Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Electric CIS, has set up a sales and after-sales service office in Ashgabat, the capital of Turkmenistan. This office opened on August 27.
Turkmenistan has the world's fourth largest* reserves of natural gas. With its exports of natural gas, cotton, and other agricultural products, the country is experiencing steady growth, and even higher rates of economic growth are anticipated. To make full use of its abundant natural gas reserves, Turkmenistan has plans for the construction of many oil, gas, and chemical plants as well as power stations and other types of industrial infrastructure. To date, Yokogawa has provided control systems, field devices, and other products as well as ancillary services to its customers in the country's natural gas and chemical sectors. Recognizing the need to respond quickly to local needs and conditions, Yokogawa has decided to set up a sales and after-sales service office in Turkmenistan that will enable it to better identify customer needs and promptly offer appropriate solutions.
Leveraging the extensive experience that it has gained in oil, natural gas, petrochemical, and chemical projects around the world, Yokogawa will help the energy industry in Turkmenistan achieve higher growth.
* Source: BP Statistical Review of World Energy 2015
Yokogawa's global network of 88 companies spans 56 countries. Founded in 1915, the US$3.5 billion company engages in cutting-edge research and innovation. Yokogawa is active in the industrial automation and control (IA), test and measurement, and aviation and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit www.yokogawa.com.