Weatherford Sells 50 Percent of Sunita Hydrocolloids Inc. Joint Venture

This transaction is another small step designed to maximize Weatherford shareholder value by refocusing the Company's portfolio on the businesses most closely aligned with its long-term strategy and to reduce its debt.

This transaction is another small step designed to maximize Weatherford shareholder value by refocusing the Company's portfolio on the businesses most closely aligned with its long-term strategy and to reduce its debt.

About Weatherford
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 780 locations, including manufacturing, service, research and development, and training facilities and employs approximately 28,700 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and YouTube.

About Sunita Hydrocolloids
The Sunita Hydrocolloids Pvt Ltd (SHPL) joint venture with Weatherford International Ltd, USA came in existence in August 2007 as a successor to the standalone company Sunita Minechem. SHPL has become a leading manufacturer & supplier of natural and chemically modified guar gum with two manufacturing plants in Jodhpur, India. SHPL manufactures & exports native, modified and chemically derived guar gum products for Oil & Gas, Paper, Food, Personal Care, Mining, Water Treatment industries.

SHPL's US subsidiary Sunita Hydrocolloids Inc. (SHI) based in Houston has been established to facilitate easy access to and prompt delivery of natural and chemically modified guar gum products to customers in USA and nearby countries.

  

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