MODEX ENERGY
the cost of manufacturing and also benefit operations and maintenance whether you rent the equipment or purchase it .”
Falling hydrocarbon prices affect demand but linked to the current low price of steel they do offset manufacturing costs . “ I ’ d say that the oil industry has contracted by up to 40 percent over the last couple of years . I think we have passed through the panic stages where nobody knew when prices would bottom out , and most players are adjusting themselves to an oil price between $ 50 and $ 60 a barrel .” Anyway , the fact that Modex has continued and is continuing to expand in this market environment is a great achievement . With strong backing in Europe and Asia , it is in the great position of being able to continue to expand if the right investment opportunities present themselves , he says .
In common with corporations large and small around the globe , one area of continuing investment for Modex is in its IT infrastructure . “ Right across our industry now , everyone is having to look at how they can better control their assets . So if we do not invest we will be left behind – but our strategy is not to
122 November 2015