Radius Systems enters joint agreement with Senaat

Market leading infrastructure plastic pipe systems manufacturer Radius Systems has struck a joint venture agreement with the highly respected Abu Dhabi-based Senaat Group.

The Emirates Conversion Industry LLC (Senaat) partnership is one of the emerging investment companies in Abu Dhabi. It has investments in various sectors, including metals, marine, infrastructure and petrochemical downstream developments.

The agreement will bring Radius Systems’ manufacturing expertise to the United Arab Emirates and will lead to full-scale manufacturing in Abu Dhabi. It is part of a planned global expansion programme by UK based Radius Systems, which had a management buyout in 2008 from previous parent Uponor of Finland.

Initially, Radius Systems will introduce high-performance plastic pipes and fittings systems for potable and non-potable water, gas and telecommunications to this key growth area. By providing products – and subsequently full production processes – Radius Systems will bring the benefits of world-class products and expertise to companies operating in the Gulf region.

Senaat’s investment objective is to develop industrial downstream projects. These will contribute significantly to the achievement of the Abu Dhabi government’s Economic Vision 2030.

Radius Systems CEO Stuart Godfrey, who confirmed the agreement had been ‘some time in the making’, said: “We were looking for a professional partnership to expand our international operations. The fit with Senaat was perfect, with our respective backgrounds in oil and gas derivatives.”

Andre van Uffelt is CEO at Senaat, and he commented: “We are proud to have a partner like Radius Systems investing and delivering a commitment into our region. Based on the Economic Vision 2030 we aim to set up industries offering long-term, sustainable solutions for the Emirate of Abu Dhabi.

& “With Radius Systems we have a partner offering technology, processing and application expertise. Furthermore, with their product portfolio, we are in a position to enhance and improve piping systems for oil and gas applications. It is becoming increasingly important to offer high quality systems for sewage and drinking water.”

ENDS

PHOTO-CAPTION: Radius Systems’ pipes and fittings will soon be manufactured in the UAE

NOTES TO EDITORS: Radius Systems Limited is an independently owned UK manufacturer of thermoplastic pipe systems, backed by world leading private equity group 3i since May 2008. It produces innovative solutions for underground infrastructure pipes and fittings in the UK and worldwide. With four manufacturing plants in the UK, a turnover of £120 million, and employing around 500 people, Radius Systems is now on a global expansion programme.

Emirates Conversion Industries LLC - Senaat is a privately owned United Arab Emirates/Abu Dhabi company investing in industrial projects, acquisition and development of industrial assets and manufacturing. These are predominantly within the United Arab Emirates and selectively within the Middle East North Africa region.

For further media information or photographs please contact Bridget Summers, Footprint, PO Box 4, Thorpe Park, Leeds LS15 8WX, UK. Tel: 0044 113 251 5697. Fax: 0044 113 251 5351. E-mail: bridget@fim.org.uk