SASIB_SA Company Profile

Background

Overview

SASIB_SA, established in 1996, is a Saudi-owned precision machining company headquartered in Dammam, Eastern Province, Saudi Arabia. The company specializes in manufacturing high-pressure piping and drilling spare parts for the oil and gas industry, offering services such as precise machining and reverse engineering.

Mission and Vision

SASIB_SA is committed to delivering high-quality, precision-engineered products and services to the oil and gas sector, aligning with Saudi Arabia's Vision 2030 by contributing to the localization of industrial manufacturing and enhancing the country's self-sufficiency in critical components.

Industry Significance

Operating within the oil and gas industry, SASIB_SA plays a crucial role in supporting the sector's infrastructure by providing essential components and services that ensure the reliability and efficiency of drilling operations.

Key Strategic Focus

Core Objectives

Localization of Manufacturing: SASIB_SA aims to reduce dependency on imported parts by localizing the production of over 3,000 components through reverse engineering and innovative solutions.

Quality Assurance: The company is dedicated to maintaining high-quality standards, earning recognition as a trusted vendor for its precision and product quality.

Areas of Specialization

Precision Machining: Utilizing advanced machinery, SASIB_SA specializes in the precise manufacturing of components such as gears, shafts, and impellers.

Reverse Engineering: The company excels in reverse engineering to replicate and improve existing parts, enhancing performance and reliability.

Key Technologies Utilized

CNC Machining Centers: Employing multiple Computer Numerical Control (CNC) machining centers for high-precision manufacturing.

EDM and Wire Cutting: Utilizing Electrical Discharge Machining (EDM) and wire cutting techniques for intricate component fabrication.

Heat Treatment Facilities: Incorporating heat treatment processes such as stress relieving, tempering, annealing, and hardening to enhance material properties.

Primary Markets Targeted

SASIB_SA primarily serves the oil and gas industry within Saudi Arabia, catering to over 150 clients by providing essential components and services that support drilling and exploration activities.

Financials and Funding

Funding History

Specific details regarding SASIB_SA's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Utilization of Capital

While detailed financial allocations are not specified, it is inferred that capital investments are directed towards expanding manufacturing capabilities, enhancing technological infrastructure, and supporting research and development initiatives to meet industry demands.

Pipeline Development

Key Pipeline Candidates

SASIB_SA focuses on the development and manufacturing of critical components for the oil and gas sector, including:

API 5CT Products: Couplings, pup joints, and various connections such as EUEs, BTCs, LTCs, and STCs.

API 6A Products: Spacer spools, adapter spools, DSA's, spacers, tees, crosses, blind flanges, weldneck flanges, threaded connectors, test flanges, integral flange connectors, and buffer tanks.

API 7-1 Products: Crossover subs, saver subs, swivel subs, and connections like IFs, FHs, REGs, etc.

Stages of Development

SASIB_SA is actively involved in the manufacturing and servicing of these components, with a focus on meeting API standards and fulfilling client requirements.

Target Conditions

The company's products are designed to meet the demanding conditions of the oil and gas industry, ensuring reliability and performance in various operational environments.

Anticipated Milestones

SASIB_SA continues to expand its product offerings and manufacturing capabilities to meet the evolving needs of the oil and gas sector, aiming to achieve further localization and technological advancements.

Technological Platform and Innovation

Proprietary Technologies

SASIB_SA employs advanced machining technologies, including CNC machining centers, EDM, wire cutting, and heat treatment processes, to produce high-precision components.

Significant Scientific Methods

Reverse Engineering: The company utilizes reverse engineering techniques to replicate and improve existing parts, enhancing performance and reliability.

Heat Treatment Processes: Implementing various heat treatment methods such as stress relieving, tempering, annealing, and hardening to optimize material properties.

Leadership Team

Key Executives

Hazem Al-Saqa: Operations Manager

Deepak Suryawanshi: QA/QC Engineer, API-6A, 16C, 16A, 5B, 5CT, 7-1, 7-2

Sanjay Prajapati: Production Manager with 20 years of experience in oil and gas manufacturing industries

Ambi Pathy: Heat Treatment Specialist

Professional Backgrounds and Contributions

The leadership team brings a wealth of experience in operations, quality assurance, production management, and specialized technical fields, contributing to SASIB_SA's reputation for quality and precision in the industry.

Competitor Profile

Market Insights and Dynamics

The precision machining sector within the oil and gas industry is characterized by a focus on quality, reliability, and technological innovation. Companies in this space are continually investing in advanced manufacturing techniques and certifications to meet the stringent demands of the industry.

Competitor Analysis

SASIB_SA's competitors include companies such as TechnoPlus Industries, Qarbon Aerospace, Superior Thread Rolling Company, and Shaw Development. These companies operate in similar domains, offering precision machining and related services.

Strategic Collaborations and Partnerships

SASIB_SA has achieved qualifications from the American Petroleum Institute (API) for manufacturing and servicing licensed products, including API 5CT, API 6A, and API 7-1. Additionally, the company has registered its Quality Management System to meet international standards such as API Q1 and ISO 9001:2015, integrating these standards into its daily business operations.

Operational Insights

SASIB_SA's strategic focus on quality assurance, technological advancement, and localization positions it as a competitive player in the precision machining sector, catering to the evolving needs of the oil and gas industry.

Strategic Opportunities and Future Directions

Strategic Roadmap

SASIB_SA aims to expand its product offerings, enhance manufacturing capabilities, and achieve further localization to support the oil and gas sector's growth and self-sufficiency.

Future Business Directions

The company is focused on technological innovation, quality enhancement, and strategic partnerships to strengthen its market position and contribute to the industry's advancement.

Opportunities for Expansion

SASIB_SA seeks to explore new markets, diversify its product range, and leverage technological advancements to meet the evolving demands of the oil and gas industry.

Positioning for Future Objectives

By capitalizing on its strengths in precision machining, quality assurance, and industry expertise, SASIB_SA is well-positioned to achieve its future objectives and contribute significantly to the oil and gas sector.