Ramunia to invest $101 million in yard expansion
Offshore staff
KUALA LUMPUR, Malaysia -- Ramunia Holdings Bhd. is investing $101 million to upgrade and to expand its yard at Ramunia in Johor state in peninsular Malaysia.
The company is acquiring additional yard space from its own unit Ramunia Energy & Marine Corp. Sdn. Bhd. for the project.
Ramunia also has formed a partnership with Singapore's Mackra Pte. Ltd. to set up a tube rolling facility at the yard.
Ramunia says Asian Tubular Sdn. Bhd. will operate from 1Q 2008, catering to the Southeast Asian markets including Malaysia. The company will have technical support from Sam Kang Industries Co. Ltd, a South Korea company involved in production and supply of heavy rolled steel tubular.
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