The company will invest $60 million in the new manufacturing facility on the east coast of Malaysia which is scheduled to begin operations in the fourth quarter of 2013.
“This new plant increases Aker Solutions’ footprint in Asia and our capability to serve customers in the Asia Pacific region,” said the head of Aker’s umbilical business, Tove Roskaft.
“This investment gives us a strategic advantage in the already booming oil and gas market in the region.”
Aker has made Malaysia its main operating hub in the Asia Pacific region and already owns a manufacturing centre for subsea production technologies and drilling risers in Port Klang, near Kuala Lumpur, and also has a front-end design and engineering centre in the capital.
The company said its new Malaysian plant would complement its existing umbilical manufacturing plants in Norway and the US.