INDIGENOUS COMPANY ACQUIRES MACHINE THAT CAN PRODUCE COMPONENT PARTS FOR OIL AND GAS, AVIATION, AUTO etc.

INDIGENOUS COMPANY ACQUIRES MACHINE THAT CAN PRODUCE COMPONENT PARTS FOR OIL AND GAS, AVIATION, AUTO etc.

Thompson and Grace Investments Limited (T&GIL), an indigenous service company, just recently in Port Harcourt Rivers, commissioned it’s Fabrication Yard, an Institute of Technology and a Machine Shop that is first of its kind in Sub-Saharan Africa.

One of the newly acquired equipment was the; WFL M120 machine, which can produce components with unique geometry such as Wellheads, Landing gear for aircrafts, Crankshafts for ships, Propellers for helicopters and various components required in the oil and gas industry.

Present to commission the facilities was the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Dr. Ernest Nwapa, stated after the commissioning, that Nigerian investors and their partners had demonstrated their resolve for the Nigerian Content Policy to continue by building immense capacity over the past five years, acquiring hi-tech industry equipment and creating employment opportunities for thousands of young Nigerians in their assets and facilities.

He further commended entrepreneurs who take risk based on the support of government’s policies, pledging commitment to ensure that any investment made within Nigeria by Nigerians and foreigners will be utilised and protected. “The end game is not just buying these equipment but being able to use them effectively to deploy solutions to the industry and beyond,” he added.

Thompson and Grace Investments Limited (T&GIL which has grown from an eight (8) man company from inception to a firm with over two hundred (200) employees, was incorporated in 1998 and has carved a niche in the oil and gas sector in the areas of procurement, supplies, servicing and maintenance