DALLAS -- Varel Europe has expanded its Eastern Hemisphere PDC drill bit manufacturing facility in Tarbes, France.
"As our company has continued to grow, a key objective has been to reduce our cycle time of evaluating opportunities, designing products, manufacturing, and delivering them to our customers," says Mike Reese, VP of the PDC business unit. "With the plant expansions and the additional engineering resources, we have met this objective. Our cycles times have reduced and our customers are reaping the benefit of having the right products for their specific applications."
Varel has also entered into an agreement to begin PDC drill bit assembly in Indonesia. Operations are scheduled to begin by mid-2008.
"We are excited about this new initiative," says Reese. "Value added local content is strongly encouraged by the Indonesian marketplace. The Varel bit assembly in Indonesia will allow our company to increase our engagement with operators in this important market."