Offshore staff

BASINGSTOKE, UK -- Cyclotech has established a wholly-owned subsidiary in Singapore – Cyclotech Asia Pte Ltd. The company will be the focal point for the Cyclotech's Chinese and Southeast Asian business operations. Lu Min has been appointed as the company's regional manager in Asia.

"With hubs already established in UK, Norway, and Houston, we identified Singapore as the next stage in our development plan," says David Hadfield, managing director of Cyclotech. "With support and funding from Aberdeen asset managers we have been able to take this step earlier than originally planned.

"Asia presents significant growth opportunities for us. We are already executing work in Singapore for the Southeast Asia market and anticipate that within three years this office will be generating around 30% of our global business."

10/24/2007