Leading oilfield service provider,
), has expanded its Senai, Malaysia-based Manufacturing and
Technology Centre that was originally set up in Mar 2008.
With the 9,844 square meter extension, the facility now spreads
29,434 square meters in the 13-acre center and comprises a
manufacturing plant, a bulk plant and an administration building.
It also includes onsite technology and onsite high pressure
The expansion will cater to the manufacturing of a wide variety
of products that include packers, tubing retrievable safety
valves, services tools, subsurface flow, and swell and screens
technology from Halliburton's Completion Tools product line.
Also, from the company's Cementing product line, production will
comprise float equipment, stage tools and cementing accessories.
The expansion is expected to enhance Halliburton's foothold in
the areas of deep water, mature assets and unconventional
With the latest machinery and processes as well as a resourceful
shop-floor plan, management expects the facility to achieve
optimum production levels.
With roots in Eastern Hemisphere since 1926 and in Malaysia since
1974, management believes this expansion will enhance
Halliburton's yield and support its growing customer base, both
in the Eastern Hemisphere and internationally.
The added capacity will also provide technological knowledge
transfer and create new business opportunities and manufacturing
jobs. By the end of 2013, the Malaysian Manufacturing and
Technology Centre is expected to employ approximately 350 people.
Halliburton currently holds a Zacks Rank #3 (Hold), implying that
it is expected to perform in line with the broader U.S. equity
market over the next one to three months.
Meanwhile, one can look at other stocks in the oilfield
services industry such as
Seacor Holdings Inc.
) which currently holds a Zacks Rank #1 (Strong Buy) or
Gulfmark Offshore Inc.
) that currently hold a Zacks Rank #2 (Buy).
SEACOR HLDGS (CKH): Get Free Report
GULFMARK OFFSHR (GLF): Free Stock Analysis
HALLIBURTON CO (HAL): Free Stock Analysis
UNIT CORP (UNT): Free Stock Analysis Report
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