October 2008 -  General

MAS expands its activities to neighbouring countries. MAS with the participation of  a well established company in Croatia, PBM establishes an affiliate company in a neighbouring Balkan State. MAS opens an office in Istanbul.

Details….

MAS, with the participation of a well established company in Croatia, PBM, establishes an affiliate company in a neighbouring Balkan State through which it plans to expand its activities to Bulgaria, Serbia, Croatia and Fyrom. PBM are also an engineering company and a Woodward distributor so their participation in the company, together with the undisputed technological expertise of MAS, will enhance the operations in the area and will  help the company undertake complex projects there.

MAS also recently opened an office in Istanbul. Though the company has executed a substantial number of projects in Turkey and has many contacts there, we felt that we need such an office, manned by two persons, which will prepare us for the planned establishment of an affiliate there as well.