Fircroft, the leading engineering workforce solutions firm, has reconfirmed its long term commitment to the Kazakhstan market via a joint venture with the Centrasia Group.
The agreement to form a joint venture was signed at the Foreign and Commonwealth Office in London on the 3rd November 2015 as part of the second meeting of the UK – Kazakhstan Inter-Governmental Commission on Trade-Economic, Scientific-Technical and Cultural Co-operation. The event was attended by the British Prime Minister, David Cameron, and the President of the Republic of Kazakhstan, Nursultan Nazarbayev.
This joint venture sees Fircroft’s continued growth in this key region, where it already operates across sites in Atyrau, Tengiz, Aksai and Aktau, supporting over 500 workers in delivering several major client projects.
Johnathan Johnson, CEO of Fircroft said: “Establishing this joint venture will transform our services business and reinforce our commitment to the local market. It will also bring us further substantial expertise, knowledge and experience which will be invaluable in servicing the business community of this strategically important energy country”.
“Over the past 12 months we have made a number of acquisitions in other global strategic markets and are working on several more to ensure that Fircroft can continue to deliver a local, cost efficient services solution to its valued clients wherever they need it”.
Fircroft’s latest joint venture investment demonstrates that the business’ continuing appetite for growth remains healthy, despite the prevailing market sentiment over current oil prices.”
“This joint venture will add new business divisions such as engineering, commissioning and training to our workforce services in Kazakhstan,” adds Johnson. “By actively transferring our technology and knowledge and through substantial investment in this venture, we plan that the new company will become a turnkey solutions partner for major energy clients in the country.”
The Kazakh Minister of Investment and Development, Asset Issekeshev commented: “I would like to reiterate the importance of attracting the leading British technologies and investment to Kazakhstan. The creation of this joint venture will assist in growing the local content on Oil & Gas projects.”
Fircroft is one of the world's leading providers of resource solutions to specialist technical industries, active in over 65 countries worldwide. With over 45 years’ experience of delivering high-quality solutions to our clients, we currently provide over 7,500 contractor professionals in support of our clients’ global operations. We are active in several key sectors including Oil & Gas, Power & Energy, Automotive, Mining & Minerals and Technical Engineering.
Fircroft deliver professional services contracts on a preferred or sole supply basis with some of the world’s largest energy companies.
For more information, please visit the website at http://www.fircroft.com
Media contact: Andrew Yarwood, Group Head of Marketing, Fircroft, Tel: + 44 1925 281 591/Bruce Callander, BlueSky PR, 01582 790090
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About Centrasia Group
Centrasia Group is one of the dynamic industrial groups of Kazakhstan with assets oil-fields services and machinery businesses. Established in 2011 the Group became one of the key players in providing world-class construction and procurement services to large oil and mining companies in Kazakhstan.
For more information, please visit the website at http://www.centrasiagroup.com
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