(EnergyAsia, June 28) Ð Malaysia’s UMW Oil and Gas Division is aiming to grow revenue by over 15% this year following its heavy investments in China over the past three years.
The company has invested more than RM200 million in China’s oil and gas sector and has successfully penetrated its pipe manufacturing, pipe coating, repairs and maintenance and trading sectors, according to Bernama news agency (US$=RM3.8).
UMW Oil and Gas Division was set up in 2003 and is now the fourth core business unit in the UMW group. The division has five companies in China.
The division also has operations in Malaysia, Thailand and Vietnam, providing integrated support services to the regional oil and gas industry.
“In the short span of three years, we have built a reputation as among the top 10 oil and gas companies in Malaysia in terms of capital investment and the number of companies under the division,” said UMW Oil and Gas Division director Zulkifly Zakaria.
He attributed the success to the highly specialised coating technology from Germany UMW uses.
“We are the exclusive company offering the special coating service which is phenolic resin base for the internal tube of heat exchanger, condenser, cooler and other equipment in the petrochemical businesses,” he said, adding that the coatings were proven to prevent corrosion, incrustation and fouling.