Aker ” height=”152″ src=”https://www.offshore-technology.com/wp-content/uploads/static-progressive/nri/offshore/news/Aker%20umbilical%20plant.jpg” style=”padding: 10px” title=”About $60m has been invested by Aker Solutions for the construction of Malaysian subsea umbilical manufacturing plant” width=”299″ />
Aker Solutions will build a $60m manufacturing plant in Pekan, Malaysia, in a bid to expand its capacity in producing steel tube umbilicals.
The facility is expected to begin operations in the fourth quarter of 2013 and will add to Aker’s existing umbilical manufacturing plants in Norway and the US.
Aker Solutions head of umbilical business Tove Roskaft said the new plant increases the company’s footprint in Asia, as well as its capabilities to serve customers in the Asia Pacific region.
"The umbilical market has robust fundamentals and this strong growth is expected to continue," he said. "This investment gives us a strategic advantage in the already booming oil and gas market in the region."
Subsea umbilicals are distributed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds, as well as any subsea system requiring a remote control.
Aker Solutions has made Malaysia its main operating hub in the Asia Pacific area and already owns a manufacturing centre for subsea production technologies and drilling risers in Port Klang, near Kuala Lumpur.
Image: The new manufacturing plant will begin operations in 2013. Photo: courtesy of Aker Solutions.