General | March 26, 2019
Yokogawa establishes Yokogawa Norge
Japanese Yokogawa Electric Corporation has announced that it has established a new subsidiary in Norway to engage in the sale of control products and provision of related services.
Renewable energy, pharmaceuticals, and foods are targeted under Yokogawa’s Transformation 2020 mid-term business plan, and each of these industries enjoys good prospects for growth in Norway. In the Norwegian market to date, Yokogawa has relied on its distributors and a representative office to provide and promote control systems, field devices, and related services to the oil & gas industry’s upstream and downstream sectors. In July 2017, Yokogawa acquired TechInvent2 AS, a Norwegian company with chemical injection technology that helps to prevent blockages and corrosion in oil wells and pipelines and renamed it Yokogawa TechInvent. Through the establishment of Yokogawa Norge and the creation of synergy with Yokogawa operations in Aberdeen, Scotland, Yokogawa will be able to solidify its sales and service organisation in Norway and accelerate growth not only in existing markets but also in the renewable energy, pharmaceutical, and food industries. Yokogawa Sales and service operations in Fornebu, Norway will begin from April 2019.