Malaysia’s SMEs Generated Fruitful Outcome in OTC Asia
THURSDAY, APRIL 3, 2014, KUALA LUMPUR: A total of 25 Malaysian small and medium enterprises (SMEs) participated in the Offshore Technology Conference (OTC) Asia which was held first time in Asia from 25 – 28 March 2014 at Kuala Lumpur Convention Centre. The SMEs reported sales of RM3.33 billion.
Among the oil and gas products sourced were equipment for oil & gas plant, oilfield chemical, pipeline, anti-corrosion chemical, case tubing, vessel, gasket, valve, E-quarters, cathodic protection system, safety apparels and life boat. As for oil and gas services, it included the H2S safety management, engineering design, cleaning, repair, maintenance of pressure vessel & storage tanks, pigging services for pipeline inspection, logistic, non-destructive test (NDT) and fire & gas detection system.
MATRADE also coordinated two Memorandum of Understandings (MOUs) signing between Tekno Logam, Japan Matex and Neuron Japan; and Oilfield Technical Inspection and Sky-Futures Partners Limited. The MOU signing ceremony were witnessed by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry and Datuk Dr. Wong Lai Sum, CEO of MATRADE.
MATRADE received positive response from many foreign buyers on the high quality and capabilities of Malaysian companies in providing various oilfield and downstream products and services. Many of the exhibitors and buyers looked forward to participating again in OTC Asia 2016.
