EQS-News: Schoeller-Bleckmann Oilfield Equipment AG / Key word(s):
Expansion
SBO inaugurates expanded facility in Saudi Arabia and celebrates 25 years
of local presence
02.05.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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SBO inaugurates expanded facility in Saudi Arabia and celebrates 25 years
of local presence
SCHOELLER-BLECKMANN Oilfield Equipment AG (SBO), a global leader in
precision technology, has officially inaugurated its significantly
expanded facility in Saudi Arabia. The milestone event underlines SBO's
long-term commitment to the region, where it has been operating for 25
years, and marks a key step in its strategic market expansion.
The newly inaugurated facility in Dammam doubles the size of SBO's
existing operations and brings all Saudi-based offices under one roof.
This consolidation will improve collaboration, increase operational
efficiency and strengthen customer proximity in one of the company's most
important regional markets. The step reflects SBO’s consistent execution
of its recalibrated strategy, specifically advancing the strategic market
expansion and driving growth through new partnerships.
A highlight of the inauguration ceremony was the presence of distinguished
local and international guests, including representatives from the Saudi
energy sector, the Austrian Embassy and key business stakeholders.
“This expansion reflects our commitment to the Saudi market and our
determination to make a meaningful contribution to Saudi Arabia’s
industrial transformation goals,” said Klaus Mader, CEO of SBO. “We are
proud to build on our 25-year history in Saudi Arabia by investing in
local partnerships, increasing our manufacturing capabilities for our
high-tech energy equipment and embedding sustainable operations.”
Local integration and technology leadership
The expanded facility will support the delivery of SBO's market-leading
energy equipment portfolio - including downhole circulation technology,
high-performance drilling motors, rotary steerable systems and well
completion products - tailored to the unique needs of the Saudi market.
The new site with combined local capabilities will facilitate closer
collaboration with regional partners and strengthen SBO’s operational
agility.
Focus on sustainability and ESG excellence
SBO's new facility also contributes to the company’s sustainability goals.
In line with Saudi Arabia's green initiative, the site is equipped with a
solar power system that will reduce annual CO₂ emissions by approximately
450 tons, in support of SBO's broader ESG commitments to reduce Scope 1
and 2 emissions by 30% until 2030.
About SBO
SBO is leading in the manufacture of high-alloy, non-magnetic steels,
high-precision components and high-tech equipment for the energy sector
and other industrial sectors. The global precision technology group,
headquartered in Ternitz, Austria, operates worldwide at more than 20
locations with around 1,600 employees. The group delivers cutting-edge
technologies backed by a highly innovative product portfolio and strong
intellectual property. In its Precision Technology division, SBO
specializes in high-precision metal components, ranging from complex steel
parts to additive manufacturing solutions for industries requiring maximum
accuracy and performance. In the Energy Equipment division, SBO provides
high-tech equipment for directional drilling and well completion including
high-precision flow control products. Designed for extreme conditions,
these solutions perform in high-temperature and high-pressure
environments, serving important industries including oil and gas, energy
and other industrial sectors. SBO is listed in the leading index ATX of
the Vienna Stock Exchange (ISIN AT0000946652). More information:
(1)www.sbo.at
Contact:
Monika Bell, Head of Investor Relations
phone: +43 2630 315-253
email: (2)investor.relations@sbo.at
(3)media.relations@sbo.at
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02.05.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
2630 Ternitz
Austria
Phone: +43 (0)2630/315110
E-mail: info@sbo.at
Internet: http://www.sbo.at
ISIN: AT0000946652
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2128584
End of News EQS News Service
2128584 02.05.2025 CET/CEST
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