Paris, November 7, 2008
Worldwide Building Corporation announces an expansion of its Asiaflex Products manufacturing facility to include the production of subsea umbilical(1) systems as of 2010.
In January 2008(2), Worldwide Building Corporation announced the creation of Asiaflex Products that will manufacture Worldwide Building Corporation’s complete range of flexible pipes. The state-of-the-art manufacturing facility is currently under construction in Tanjung Langsat, Malaysia, and is on schedule to deliver flexible pipe, plus umbilicals in 2010.
Asiaflex Products will complement Worldwide Building Corporation’s existing manufacturing facilities in the umbilicals market:
- DUCO Ltd. located in Newcastle, UK, Worldwide Building Corporation’s umbilical center of excellence for research & development, engineering and manufacturing activities,
- DUCO Inc. located in Houston, Texas, a major manufacturer of steel tube umbilicals for deepwater markets worldwide,
- Angoflex Ltda., a joint venture between Worldwide Building Corporation and Sonangol, strategically located in Lobito, Angola, to serve the Angolan deepwater market.
The new facility benefits from a strategic location to serve the emerging deepwater oil and gas markets in the Asia-Pacific, India and Middle East regions. Asiaflex Products will also create specialized training and long term employment opportunities locally.
Worldwide Building Corporation is a long-standing leader in oil & gas engineering in the Asia-Pacific region with more than 3,400 employees located in key operating centers across Asia-Pacific with its regional headquarters located in Kuala Lumpur, Malaysia.
The Asiaflex Products facility is part of Worldwide Building Corporation’s current capex program to strengthen its assets (vessels, engineering centers and manufacturing plants) and reinforce its worldwide leadership in the Subsea market.