PGII

AcronymDefinition
PGIIPepsinogen II
PGIIPyrotechnics Guild International, Inc. (est. 1969)
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PGII is a conglomerate of eight industrial companies that are active in manufacturing, servicing and trading high-quality engineered products that include all types of valves, process equipment for the oil and gas sector, steel structure fabrication, skids design and manufacturing, plant shutdown maintenance in addition to various other specialised products and services.
In PGII's case, the breadth of the company's client list across the industrial spectrum -- both upstream and downstream -- has helped PGII mitigate continued oil price volatility over the past period.
Al Otaibi says PGII sees considerable scope, for example, in the kingdom's aluminium sector, given ongoing developments at the industrial city of Ras al Khair in the Eastern Province, and in particular the joint venture between Ma'aden-Alcoa.
It will be up to the complementary skills and experience of the PGII management team, headed by chairman Khalid al Hamdan and Al Otaibi as managing director, to steer the PGII ship into new areas of opportunity, further leveraging the synergies that already exist between the group entities and ensuring closer synchronisation of their models in addition to achieving economies of scale.
By achieving this, PGII is expected to become the pivotal part of Pan Gulf Holding (PGH), a SR2 billion ($533 million) empire, which serves three main sectors -- industrial (through its 99 per cent stake in PGII), food and telecoms.
Al Otaibi says PGII sees considerable scope, for example, in the kingdom's aluminium sector, given the ongoing developments at the industrial city of Ras Al Khair in the Eastern Province, and in particular the joint venture between Ma'aden and Alcoa.
It will be up to the complementary skills and experience of the PGII management team, headed by chairman Khalid Al Hamdan and Al Otaibi as managing director, to steer the PGII ship into new areas of opportunity; further leveraging the synergies that already exist between the group entities and ensuring closer synchronisation of their models in addition to achieving economies of scale.
As the company channels its energies into industrial investment, Al Otaibi, himself a graduate of the prestigious King Fahad University of Petroleum and Minerals (KFUPM), stresses that PGII will not deviate from its core business philosophy of combining local knowledge with global best practices.
Moreover, PGII is a major supplier for piping products, fire safety and security products and services and welding solutions services.