SOURCE: NAES Corporation

December 15, 2010 15:26 ET

NAES Corporation Announces New Organization Structure

ISSAQUAH, WA--(Marketwire - December 15, 2010) -  NAES Corporation, a broad-based provider of services to the energy industry, has announced that, effective January 1, 2011, it will restructure in order to better serve its customers and to extend its maintenance and construction services into new markets. NAES will create a new division, which will be called the NAES Engineering & Construction Group. The new group, led by Dale Withers, will provide a variety of support services for two wholly owned subsidiaries of NAES. In addition to NAES Power Contractors, Inc., which has long served the union maintenance and construction market, NAES is forming NAES Constructors, Inc., which will pursue projects in the open shop market. The mission of the NAES Engineering & Construction Group is to foster the continued growth of both subsidiaries, and to ensure that each delivers high-value, cost-effective projects with uncompromising safety, quality and timeliness.

NAES Constructors, Inc. will be co-located in Houston with the Turbine Services Division of NAES and will embrace the same rigorous standards. 

Headquartered in Issaquah, Washington, NAES is the energy industry's largest independent provider of operations and maintenance services, also providing complementary and coordinated services through a tightly integrated family of subsidiaries and operating divisions. These services include construction, retrofit and maintenance services under dedicated long-term maintenance or individual project contracts; on-site turbine inspection/overhaul services; parts refurbishments and equipment repair; staffing solutions; and customized services designed to improve plant and personnel effectiveness.

NAES is owned by ITOCHU International Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world's largest corporations.

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