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NewsWah Seong sets up Singapore JV, eyes regional pipe, engineering biz
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Wah Seong sets up Singapore JV, eyes regional pipe, engineering biz
by hlk Fri 16 Dec 2011, 22:55
KUALA LUMPUR (Dec 16): WAH SEONG CORPORATION BHD []
and Insituform BV have set up a joint venture company in Singapore to
target pipelines business and also provide onshore corrosion protection
services in Southeast Asia and Australia.
Wah Seong said on Friday the new joint venture company WCU Corrosion
Technologies Pte. Ltd would seek businesses in lining new and existing
pipelines and passageways with corrosion and abrasion resistant
polyethylene pipe.
WCU would also look into onshore corrosion protection services, including engineering services, CONSTRUCTION [], installation, inspection, monitoring and maintenance and related product sales.
It said WCU had an initial issued and paid-up of US$1,000 comprising
100 ordinary shares held by WC Singapore (51%) and Insituform BV (49%)
respectively.
and Insituform BV have set up a joint venture company in Singapore to
target pipelines business and also provide onshore corrosion protection
services in Southeast Asia and Australia.
Wah Seong said on Friday the new joint venture company WCU Corrosion
Technologies Pte. Ltd would seek businesses in lining new and existing
pipelines and passageways with corrosion and abrasion resistant
polyethylene pipe.
WCU would also look into onshore corrosion protection services, including engineering services, CONSTRUCTION [], installation, inspection, monitoring and maintenance and related product sales.
It said WCU had an initial issued and paid-up of US$1,000 comprising
100 ordinary shares held by WC Singapore (51%) and Insituform BV (49%)
respectively.
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