Money
AWS Schaefer, Satellite Pipeline sign RM80m investment deal
AWS Schaefer Technologie GmbH CEO Hubertus Engels (right) and Satellite Pipeline Sdn Bhd Managing Director Abdullah Osman seal joint-venture deal to build a RM80 million manufacturing facility in Gebeng, Pahang. Bernama

BERLIN, Sept 27 — Germany’s AWS Schaefer Technologie GmbH and Satellite Pipeline Sdn Bhd from Malaysia sealed a joint-venture deal today to build a RM80 million manufacturing facility in Gebeng, Pahang.

AWS Schaefer is a prominent family-owned company specialising in pipe-forming and pipe-manufacturing machines with more than 50 years of experience.

The signing ceremony was witnessed by Prime Minister Datuk Seri Najib Tun Razak who is here on a three-day official visit beginning yesterday.

AWS Schaefer Chief Executive Officer Hubertus Engels signed the agreement on behalf of the company while Satellite Pipeline was represented by Managing Director Abdullah Osman.

The plant in Gebeng will be involved in engineering, fabrication and installation of a heat induction bending facility which is used mainly in the oil and gas industry.

The factory will also have a heat treatment facility and laboratory. — Bernama 

Related Articles

 

You May Also Like