Clarke Valve, YBA Kanoo plan manufacturing facility in Saudi Arabia

The strong partnership between Yusuf Bin Ahmed Kanoo Group (YBA Kanoo) and US-based Clarke Valve, manufacturer of the proven precision control Shutter Valve, is seeing a natural progression. The companies are actively coordinating to build a production line of Shutter Valves in the Kingdom of Saudi Arabia (KSA).
YBA Kanoo is the exclusive representative of Clarke Valve in the GCC, selling and servicing all Shutter Valves in the region. The company also acted as the lead investor in Clarke Valve’s recently completed Series C financing, further strengthening their relationship.
“The assembly and production of Shutter Valves in KSA is, therefore, a natural next step in our ongoing relationship. It also makes sense to have our valves manufactured, assembled, and serviced closer to our customers in the region,” says Kyle Daniels, President and CEO, Clarke Valves.
Early this year, Clarke Valve completed the sale of multi-million Series C Preferred Stock. This round was led by YBA Kanoo, with the manufacturer’s existing strategic investors, such as Saudi Aramco, Chevron, and Climate Investments also participating.
“Their investments clearly show their belief in our technology and the value that our innovation brings to the market. This funding provides Clarke Valve with operating cash and strengthens our balance sheet. It also allows us to invest heavily in scaling our business and innovating in an industry that has not experienced significant innovation in over 50 years,” says Daniels.
YBA Kanoo has always been at the forefront of forming successful joint ventures and setting up local manufacturing since the last 40 years with reputed partners like Halliburton, Akzo Nobel, BASF, to name a few, according to Ali Abdulla Kanoo, President, Kanoo Industrial & Energy.