Siteserv firm signs multi-million Kazakhstan joint venture
Published 08/09/2015 | 09:10
A division of Siteserv, the infrastructure and utility services firm, has signed a multi-million deal in Kazakhstan - the former Soviet republic.
Its UK-based industrial services division, Deborah Services Limited (DSL), has entered into the agreement with Lancaster Group, a Kazakhstan-based holding company operating across a range of industries.
The venture – DSL Caspian – will involve Siteserv's industrial services division providing a range of services including access solutions, insulation, protective coatings, and fire protection across various onshore and offshore locations in Kazakhstan.
The new joint venture will employ 500 people and an estimated 450 in production and technical roles.
“This joint venture hits another key milestone for us as it represents a giant step directionally for our company,” said Sean Corkery, Chairman and CEO, Siteserv Holdings Limited. “It places us firmly on the international stage, which is a testament to our teams ambitious growth strategy and determination to provide best-in-class services anywhere in the world.”
Chris Foulkes, managing director of DSL industrial services said: “This joint venture with globally renowned Lancaster Group will leverage DSL’s expertise and decades of experience providing end-to-end industrial solutions to blue-chip clients within the marine and energy sectors.”