Wasco Berhad Stocks

Wasco Berhad, established in 1994 and headquartered in Kuala Lumpur, Malaysia, is a global provider of oil and gas as well as industrial services. The company was formerly known as Wah Seong Corporation Berhad, changing to its current name in May 2023. Its operations are structured into three key segments. The Energy Solutions division specializes in pipe coating and manufacturing, alongside the construction and management of both offshore and onshore field development facilities. This segment also delivers bespoke equipment and services to the power generation, oleochemical, and petrochemical sectors. The Renewable Energy segment focuses on producing and supplying specialized equipment, such as industrial fans, boilers, and turbines, for biomass power plants. Meanwhile, the Industrial Trading & Services segment is involved in the distribution and trade of building materials, as well as the manufacturing and supply of industrial pipes for the construction industry. Beyond these core areas, Wasco Berhad offers a wide array of specialized services and products. These include comprehensive management support, various construction activities, property investment, marketing, and treasury services. The company provides crucial protective solutions like cathodic, corrosion, passive fire protection, and paint coating, along with technical training. It also engages in property and equipment leasing, explicitly offering compressors and power generators for lease. In terms of manufacturing and engineering, Wasco produces and supplies sacrificial anodes, spiral welded pipes, and steel pipes and related products. It designs, engineers, fabricates, and sells advanced gas processing and compression systems, as well as gas-based power generators, providing associated servicing and spare parts. The company's expertise extends to general fabrication services, anti-corrosion and concrete weight coating, and line pipe thermal insulation, covering all aspects of engineering, design, construction, and installation for various projects. Furthermore, Wasco undertakes industrial engineering projects, develops technological products, and manages steam boiler and energy system projects. Its activities also encompass the trading, processing, assembly, and storage of bonded goods, alongside the supply of fuel, gas, and gas cylinders.