Latest news with #Wasco
The Sun
7 days ago
- Business
- The Sun
Wasco launches UAE fabrication yard, supporting rising modular infrastructure needs
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
The Sun
7 days ago
- Business
- The Sun
Wasco Opens New Fabrication Yard in Dubai's JAFZA
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
The Star
29-05-2025
- Business
- The Star
Wasco set to expand as 1Q25 revenue increases
Wasco Bhd group chief executive officer and executive director Giancarlo Maccagno. KUALA LUMPUR: Energy solutions provider Wasco Bhd will continue exploring opportunities within the bioenergy sector, underpinned by growing demand for renewable-energy solutions. Group chief executive officer and executive director Giancarlo Maccagno reaffirmed the group's intentions to continue expanding and exploring vast opportunities presented in the bioenergy industry. Wasco is currently involved in the development of biomass power plants and steam turbines for plantation companies. 'Bioenergy demand is extremely high at the moment because it is clean energy. In Malaysia and Indonesia, there is an abundance of empty fruit bunches from palm oil that can be turned into energy,' he told the media during a media briefing following Wasco's AGM here, yesterday. He added that Malaysia offers an 'exciting future' as more companies are shifting their focus from solely solar energy to include biomass as part of their renewable strategies. This shift, he said, aligns well with Wasco's expertise in delivering full engineering, procurement, construction and commissioning services for biomass facilities. Maccagno said the group is assessing the potential to move into plant ownership to generate recurring income through long-term energy sales. However, he emphasised that any such investment would be made only when the conditions are commercially viable. 'We need to lock in both the source and the buyer. If either are missing, the economics don't work. But if all the boxes are ticked, it becomes a very exciting business,' he said. He added that the group is prepared to proceed when the opportunity is right. 'We are not going to jump straight into it. If the opportunity is not right, we won't do it. But when it is, we are ready,' he added. Wasco currently operates with two core business divisions, energy and renewable energy, with the latter contributing approximately 15% to the total order book of RM2.4bil. While energy continues to be the largest revenue contributor, Maccagno said both segments are expected to grow steadily over time. For the first quarter for the financial year ending Dec 31, 2025, the group recorded a slightly lower net profit of RM35.44mil and a basic earnings per share of 4.58 sen. This was down from RM57mil or 7.36 sen in the same quarter of the previous year. However, its revenue had increased from RM643.94mil to RM719.29mil. The energy segment continued to contribute to the group's revenue at RM657.3mil, while its bioenergy segment contributed RM61.4mil. These were up from RM592.3mil and RM51.6mil previously. Maccagno acknowledged that FY25 may not surpass FY24's record performance, citing some project delays and broader uncertainty in the oil and gas sector. However, he expressed confidence in the group's outlook, supported by a robust order book and a tender book of RM10bil, adding that strong recovery is expected in FY26 onwards once deferred projects resume.
Yahoo
26-05-2025
- Yahoo
Suspect in fatal hit-and-run crash admitted drinking canned margarita: docs
BAKERSFIELD, Calif. (KGET) — She slurred her words and changed her story, but by the time Gabriela Aracely Garza finished speaking, deputies had enough evidence to arrest her as the driver who left a bicyclist dead in a hit-and-run crash in Wasco. Garza near the end of the interview nodded when a deputy again asked if she'd been driving and hit someone, according to court documents. Garza was 21 at the time of the Nov. 12, 2023, crash. She was arrested early the next day after surveillance video and witness statements led deputies to her, documents said. Her blood-alcohol content was measured at 0.10%, according to court documents, above the legal limit. She's due in court next month for a preliminary hearing on charges of gross vehicular manslaughter while intoxicated, vehicular manslaughter with gross negligence, hit and run causing death and destroying or concealing evidence. It's alleged she was involved in two crashes on Nov. 12: one that occurred at about 6:18 p.m. near the intersection of Sequoia Drive and Palm Avenue and killed bicyclist Gloria Soto, 41; and another about a half-mile away that damaged a parked car. A gray Dodge Ram identified as the suspect vehicle was found in Garza's backyard. Vehicle parts found at the crime scene matched damage observed on the truck, according to the documents. Kern County HIV cases at an all-time high, public health director says, and federal funding cuts could make it worse quickly Garza initially told a deputy she drank a canned margarita then took a nap. The deputy smelled alcohol on her breath, documents said. Confronted with other evidence, she admitted driving to a sibling's home after consuming the alcoholic beverage, but insisted she went home afterward and slept. She eventually acknowledged she may have hit the bicyclist. 'It could have been me,' she told the deputy. 'But I don't remember.' The deputy noted in the documents that Garza knew the location of the crash despite him not telling her. After nodding her head to indicate she was the driver, Garza said she'd had one drink, according to the documents. There was a receipt in the house for a 24-ounce Cayman Jack margarita and a Smirnoff Ice drink. They were purchased the morning of the crash. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
