Malaysia: buoyancy production

Aker Solutions has started up a new facility for production of buoyancy modules for deepwater marine drilling risers at the company’s hi-tech subsea manufacturing centre in Malaysia. Aker Solutions has through its subsidiary Phoenix Polymers International Ltd (Phoenix) established a manufacturing facility for buoyancy and polyurethane products. Floatation elements for Aker Solutions’ deepwater marine drilling risers, which are also manufactured at the site in Malaysia, will be a key deliverable for the new production unit within the manufacturing centre. The technology used for the new buoyancy production unit is transferred from Phoenix Polymers International Ltd, an Aberdeen-based company which Aker Solutions acquired a controlling 50% stake in June 2007. The buoyancy manufacturing unit in Malaysia will operate and trade under the Phoenix name.
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