Saturday, March 29, 2008

American O&G invest in IDR

By Star Biz

American oil and gas company Halliburton has opened a RM200mil manufacturing centre in the Iskandar Development Region (IDR).

The facility, spanning 20,000 sq m in Johor Technology Park, targets supply chain production and delivery capabilities across Halliburton’s completion and production division.

It is also the sixth eastern hemisphere-based manufacturing centre in the region, supplementing 16 existing production facilities across North and Latin America, Europe and Asia.

The Johor facility performs procurement and customer service activities as well as engineering, machining and product assembly primarily for customers in the Asia Pacific, Middle East, Africa and Europe Eurasia regions.

At present, the manufacturing centre has around 100 employees, with the headcount expected to exceed 250 by year-end.

Halliburton completion and production division president David King said the company was excited to launch a greater offering of its products and equipment to its customers in the region.

“The addition of the Johor facility is another step in our company’s strategic plan to concentrate more of our investment and supply chain resources to our key growth areas,” he said after the launch of the facility on Thursday.

Supply chain and management systems senior vice-president Len Cooper said the facility catered to Halliburton’s international customers while building regional supply networks that supported local economies.

Meanwhile, country lead for Central Asia, Rao Abdullah, said the company decided to invest in Johor given that the state was an economic development hub.

Halliburton plans to continue expand in the eastern hemisphere with a combined manufacturing and technology centre expected to open in Singapore later this year.

The group is one of the world’s largest providers of products and services to the energy industry.