Dresser-Rand company relocates headquarters to Houston

Dresser-Rand company relocates headquarters to Houston

The Dresser-Rand Company announced its relocation of its headquarters to Houston, Texas, in January 1999 from Corning, New York, which has been the company's headquarters since the Dresser-Rand partnership was formed in 1987.

The move from the current headquarters is a deliberate, well thought out strategic move advancing the mission of the company. Dresser-Rand is now implementing strategic plans that will allow it to provide energy conversion solutions by broadening its world-wide leadership role in the manufacturing of essential equipment and by providing specialised services for the oil and gas, petrochemical and power generation industries.

David Norton, president and chief executive of Dresser-Rand, reported that the company is focused on increasing its emphasis on providing integrated energy conversion solutions.

The fact that the company is expanding its capabilities for the engineering ­ design, construction,management and operations of major installations at oil and gas fields around the world requires a commitment to focus on the needs of clients, helping them to achieve their strategic business goals. Since many of the company's North American-based clients have headquarters or major installations in the Gulf Coast region, Houston is an ideal location for Dresser-Rand's headquarters.

In addition, the headquarters for Dresser-Rand Services also will move from Corning to Houston. Dresser-Rand currently has operations including its control systems and its world-wide sales organisation headquarters in Houston.

Houston is one of the energy capitals of the world, and the relocation of the headquarters there enables the company to better serve its clients, understand their needs, and better direct the growth of Dresser-Rand.

The move only affects Dresser-Rand's company headquarters and its Services headquarters, both located at 1 Baron Steuben Place, Corning. It does not affect the operations at its manufacturing facilities in Painted Post, Wellsville, and Olean, New York."Dresser-Rand has been and will continue to be dedicated to the Southern Tier of New York State", stated Norton.

"The company has significant investment in its three manufacturing plants, and they remain a key part of our growth strategy."

Dresser-Rand employs 40 people at its Corning location. Half of those will continue in their present positions in the Corning/ Painted Post area, and approximately one-third will be offered positions in Houston.

Dresser-Rand has also recently signed a strategic alliance with Wood Group Gas Turbines, the world's largest independent gas turbine company, which allows both companies to provide a total integrated service package to their customers.

Dresser-Rand Company is a partnership of Halliburton Company, of Dallas, and Ingersoll-Rand Company of Woodcliff Lake, New Jersey. The company designs, manufactures, sells and services large, highly engineered centrifugal and reciprocating compressors,steam and gas turbines, electric motors, generators, and control systems for the oil and gas, petrochemical and power generation industries world-wide.

Additional information about Dresser-Rand Company can be found on the company's Web site at www.dresser-rand.com. Information about the Halliburton Company and Ingersoll-Rand can be found at their respective Web sites, http://www.halliburton.com and http://www.Ingersoll-rand.com.