Northern Electric, Inc. Helping Oil & Gas Operators Navigate Through Low Oil Prices By Concentrating on Increased Efficiencies
Westminster, CO (PRWEB) March 25, 2015 -- Northern Electric, Inc. (NEI) today announced it will implement focused cost reductions, lean thinking tactics and organizational changes, as it prepares to sustain profitable sales growth for its oil, gas & petrochemical business in the years ahead.
“Our company has significantly increased sales and profitability over the past three years, and we have created a culture of growth at Northern Electric, Inc... We began several years ago with a set of business strategies that were largely untested by a national industrial contractor of our size and scope. As the success of these strategies has unfolded, we have identified specific areas where we can improve our efficiency without compromising our effectiveness in serving the evolving needs of our oil, gas & petrochemical customers,” explained Gino Malara, Northern Electric’s Vice President of Corporate Development.
Changes being announced today from Northern Electric, Inc. are estimated to generate savings for the company and its oil & gas industry partners beginning in Q1 2015.
The difficult conditions over the past six months have forced many contractors servicing the Bakken to improve performance by reducing costs. Northern Electric, Inc. and its parent company, The Northern Group, are being proactive in meeting its core customer needs and organizing efforts carefully. Falling prices, such as the case with crude oil recently, often requires quick attention and flexibility.
“Northern Electric, Inc. has the mindset of several oil field subcontractors, each of whose idea of growth is linked to efficiency. We speak of offering efficient electrical, instrumentation & automation services to our clients in the oil & gas industry while providing a balance of safety, quality workmanship, timely scheduling and cost management to all clients and at all oil price speculations. We know that doing so will maximize the bottom line for our clients and secure future opportunities for Northern Electric and our employees that service the nation’s oil producers, “Malara said.
About The Northern Group. The Northern Group, Inc. and its affiliates and subsidiaries, Northern Electric, Inc., Northern Energy and Power, LLC and National Energy Services and Investments, LLC is a nationwide contractor with niches in: electrical construction for oil & gas, petrochemical, industrial and manufacturing clients; special systems and low voltage installations for both correctional and institutional clients; manufacturing of e-house and similar electrical buildings and skids; and as a provider of engineer, procure and construct (EPC) delivered alternative energy projects. With its corporate headquarters in Westminster, CO and satellite offices in Parshall, ND, Houston, TX, Greeley, CO, and Inverness, FL the company is positioned to support its operations from coast-to-coast.
Brooke Hull, Northern Electric, Inc., +1 (303) 428-6969, [email protected]
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