Ameron International Corporation announced plans on 26 March 2004 to construct a fiberglass-composite pipe plant at the facilities of Ameron“s wholly-owned subsidiary in Malaysia. The new plant would…
Ameron International Corporation announced plans on 26 March 2004 to construct a fiberglass-composite pipe plant at the facilities of Ameron“s wholly-owned subsidiary in Malaysia. The new plant would provide fiberglass-pipe manufacturing capacity to support the growth of Ameron“s Asian operations in Singapore and Malaysia. The investment would total approximately USD 12 million and include acquisition of land beside the subsidiary“s existing fiberglass fittings operation, construction of a 5110 square-meter building, and design and construction of a 12 meter filament-winding machine. The equipment will be designed by Ameron“s Research and Engineering Center. When completed, the new Malaysian plant will be the most advanced fiberglass-pipe facility in the industry, according to Ameron. The filament-winding machine will more than double production and improve operating efficiencies compared to conventional methods by significantly increasing glass rovings application speeds. In addition, the winder can be easily upgraded to manufacture Ameron“s latest fiberglass-composite pipe products under development, such as Sand Core Fiberglass Pipe and Bondstrand(R) Steel-Strip-Laminate Pipe (SSL(TM)). The new plant is expected to be operational by September 2005. Ameron“s wholly-owned subsidiaries in Singapore, Ameron (Pte) Ltd., and in Malaysia, Ameron (Malaysia) Sdn Bhd, serve the Asia-Pacific region for fiberglass-composite pipe in a broad range of markets. James S. Marlen, Ameron“s Chairman, President and Chief Executive Officer, said “Our fiberglass-composite pipe business in Asia has been very successful, and this expansion will provide the production capacity needed to support continued growth and, importantly, to continue the high level of service our customers deserve.” Traded on the New York Stock Exchange, Ameron International Corporation is a producer of water transmission lines; high-performance coatings and finishes for the protection of metals and structures; fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids and specialized materials and products used in infrastructure projects. The company operates businesses in North America, South America, Europe, Australasia and Asia. It also participates in several joint-venture companies in the U.S., Saudi Arabia, Kuwait and Egypt.