Norway’s Aker Solutions announced plans to build a new state-of-the-art umbilical manufacturing plant in Pekan, Malaysia, to meet anticipated growth in the Asia Pacific region.
The company will invest $60 million in the new manufacturing facility on the east coast of Malaysia which is scheduled to begin operations in the fourth quarter of 2013.
“This new plant increases Aker Solutions’ footprint in Asia and our capability to serve customers in the Asia Pacific region,” said the head of Aker’s umbilical business, Tove Roskaft.
“This investment gives us a strategic advantage in the already booming oil and gas market in the region.”
The company said its new Malaysian plant would complement its existing umbilical manufacturing plants in Norway and the US.