Abakan company news, May 2015

Abakan Inc., developer of advanced coatings and metal formulations, has proudly announced that its subsidiary, MesoCoat, Inc., has incorporated a wholly owned subsidiary in Mexico, MesoCoat de Mexico S.A. de C.V., and has appointed Mr. Jose Maria Ribot Barroso as its President and CEO.

In September 2013, Metallurgic Solutions, SA de CV (MetalSol), where Mr. Ribot serves as the CEO, signed an exclusive sales agreement with MesoCoat, Inc. for the sale and distribution of MesoCoat’s products in Mexico and Central America. Coincident with Mr. Ribot’s appointment as CEO of MesoCoat de Mexico, MesoCoat terminated its sales agency agreement with MetalSol.

“I have been involved with MesoCoat and Abakan for close to two years now and I can confidently state that MesoCoat has the best-in-class products. I have been working with the some of the largest oil, mining, and steel companies in Mexico to drive the adoption and sale of MesoCoat’s products, and the feedback has been overwhelmingly positive. We expect to begin commercial sales shortly, and, if product testing is an important reference point, then I am certain that we are going to be successful in Mexico. I am pleased that Abakan has entrusted me with the responsibilities of President and CEO for MesoCoat de Mexico, and I am confident that we should be able to deliver good results in Mexico in the near future,” said Mr. Ribot.

“Over the past 18 months, Mr. Ribot has secured test and trial orders from several of the largest companies in Mexico, worked with the state and federal authorities in order to secure commitments for financial and other incentives and has primed us for a high growth trajectory. We are extremely pleased that Mr. Ribot has accepted our offer to join MesoCoat de Mexico as the President and CEO,” said Abakan CEO, Mr. Robert Miller.

Edited from source by Elizabeth Corner 

Read the article online at: https://www.worldpipelines.com/business-news/28052015/abakan-company-news-may-2015/