Wasco

Wasco’s Pipeline Services division recently held its Wasco Fun Day, bringing together over 1,000 #TeamWasco members from Wasco Coatings Malaysia (WCM) and Wasco Lindung (WLSB). The event, designed to enhance employee engagement and morale, featured a variety of family-friendly activities, including telematch, futsal, netball, penalty shoot-outs, and an exciting explorace. A tent-decorating competition also gave participants the chance to showcase their creativity. Senior leadership was in attendance, including Dr. Martyn Wilmott, CEO Pipeline Services, Azahar Mansor, General Manager, WCM and WLSB, Wayne Schultz, General Manager, Coating Operations, and Azmi Halim, Vice President, Global Quality. Initiatives like this are crucial for maintaining a motivated workforce—something Wasco views as essential for driving future growth and productivity.

On this special day, Wasco joins the nation in celebrating the unity and diversity that make Malaysia truly unique. Malaysia Day is a time to reflect on our collective achievements and embrace the shared aspirations that bind us together. At Wasco, we are dedicated to delivering innovative and sustainable energy solutions that support Malaysia’s growth and prosperity. With this purpose in mind, we strive to make a positive impact and contribute to a brighter future for all. Happy Malaysia Day from all of us at Wasco! #MalaysiaDay

Wishing peace and blessings to all our #TeamWasco Muslim friends and families. May this special day inspire us to embody the values of love, patience, and unity in our daily lives. Salam Maulidur Rasul.

At Wasco, we stand with our community, especially during times of crisis. In response to the recent devastating floods in Penampang, our Wasco Pipe Sabah team initiated a relief effort to provide support to the families hardest hit by the disaster. The flood, described as the worst in the district’s history, displaced hundreds of residents and left many in urgent need. In partnership with local representatives from Village Development and Security Committee (JKKK) we focused on delivering essential supplies—such as rice, flour, noodles, canned sardines, cooking oil, and mattresses—to 273 households in the most affected villages: Kampung Inobong, Kampung Hungab, and Kampung Kibabaig. Among those impacted were several of our own colleagues, bringing this crisis even closer to home. Our 22 #TeamWasco volunteers worked tirelessly to ensure that these necessities reached those who needed them most. We hope our gesture offers some comfort and support to the families as they start to rebuild their lives. This initiative reflects our belief that supporting our neighbours in times of need is fundamental to who we are as a company. We remain dedicated to helping the people of Penampang recover, fostering resilience and hope for the future. Special thanks to our #TeamWasco volunteers for their hard work and dedication. #SustainabilityTomorrowTodaysCommitment #TeamWasco

Join us for a webinar on 2 October 2024, where Muhammad Rizwan Khan, Vice President of Mid-East Operations at Wasco, will be a guest speaker. He will be presenting on the topic “Towards Sustainability: Powering the Oil Field While Reducing Flare.” Organised by INNO Waukesha Gas Engines this session will explore the significant benefits of converting flare gas into clean energy. Learn how this approach not only reduces greenhouse gas emissions and supports global climate action but also offers economic benefits by transforming waste gas into a valuable power source. By replacing diesel generators with flare-to-power solutions, oilfields and surrounding communities can achieve cleaner, more sustainable energy production. This webinar provides a valuable opportunity for industry professionals to gain insights into how converting flare gas can enhance operations, minimise environmental impact, and deliver cost savings. Wasco, an authorised Powergen packager for INNIO (Waukesha) has extensive experience in designing, fabricating, and supplying Powergen packages globally. If you are looking to convert flare gas into clean energy, our experienced professionals are ready to collaborate with your team to develop customised, environmentally friendly solutions for your onshore and offshore Powergen needs. Don’t miss this opportunity to learn about sustainable energy practices and network with experts in the field. To join, click this link https://lnkd.in/gT8FkVDh to register and secure your seat.

Wasco, through its pipe manufacturing outfit in Sabah recently held a blood donation drive that provided a timely boost to the critically low blood supply at Queen Elizabeth Hospital. Of the 45 employees who volunteered, 31 successfully donated, helping to replenish the hospital’s reserves. Queen Elizabeth Hospital, facing a significant shortage, expressed deep appreciation for the donations. The hospital also noted the participation of several first-time donors, underscoring the broader community’s willingness to step up in times of need. The event was organised by Wasco Pipe Sabah CSR committee, whose efforts were praised by management of Queen Elizabeth Hospital for their effective coordination. The drive highlights Wasco’s ongoing commitment to social responsibility and community engagement. This initiative not only reflects Wasco’s values but also serves as a practical response to an urgent need, reinforcing the Company’s role as a responsible corporate citizen. Special thanks to all #TeamWasco volunteers who generously donated their blood and time. #SustainabilityTomorrowTodaysCommitment #TeamWasco

Wasco’s pipe coating plant in Kuantan, Malaysia is capitalising on its commitment to sustainability with a new initiative that recycles discarded polyethylene (PE) and polypropylene (PP) from its 3-layer anti-corrosion coating process. As part of its drive toward net zero carbon emissions by 2026, this effort reflects the Group’s focus on reducing waste and boosting resource efficiency across its operations.   The initiative reprocesses used PE and PP into resin, which is then employed for purging die heads during material changeovers—a crucial maintenance step that keeps machinery clean and ready for production. By using recycled resin, Wasco conserves virgin material for coating applications, yielding both environmental and financial benefits.   The programme has already achieved significant cost savings, with the use of recycled materials replacing a portion of the virgin materials previously required. This shift has substantially reduced purging expenses, highlighting the initiative’s effectiveness in promoting both sustainability and operational efficiency.   Aligned with Wasco’s broader ESG strategy, this initiative supports the Group’s vision to deliver reliable, competitive energy solutions while advancing its net zero goals. By closing the loop on these materials, Wasco not only cuts its environmental footprint but also strengthens its competitive edge in a sustainability-driven market. #Wasco #SustainabilityTomorrowTodaysCommitment #CircularEconomy

Wasco, through its Engineering & Fabrication arm, has once again been awarded the prestigious SMK3 GOLD CERTIFICATION by the Republic of Indonesia’s Ministry of Manpower. This certification recognises the company’s stringent safety protocols and commitment to implementing Occupational Safety and Health Management System (SMK3), following a rigorous audit in which it achieved a score of over 95% in the advanced level category. The SMK3 Gold Certification is one of the Republic of Indonesia’s highest honours for workplace safety, reserved for companies that maintain an exceptional safety culture and successfully pass a demanding audit process. This year’s Naker Award Ceremony, held in Jakarta and attended by His Excellency the Vice President of the Republic of Indonesia, Mr. Ma’ruf Amin, underscores the national significance of safety standards. “We are extremely pleased to have been selected for this award, which signifies Wasco’s firm commitment to the safety of our people. This recognition serves as a motivation for us to continue with our good work and commitment towards implementation of a safe work culture throughout our operations”, said Balaji Govindan, President Director of Wasco Engineering Indonesia. Wasco Engineering & Fabrication has achieved a significant milestone of 40 million man-hours without a Lost Time Injury (LTI). Our immediate goal is to complete 2024 without any LTIs, with a critical target of 50 million LTI-free man-hours. To reach this goal, the company is focusing on several strategies: • Celebrating those demonstrating good HSE performance • Enhancing the quality of our training programmes • Increasing management commitment even further • Capitalising on our behaviour-based programme – i-START • Investing in top-notch equipment, facilities, tools, and PPE for our employees • Integrating more technology into HSE practices • Upholding zero tolerance and 100% transparency, ensuring all HSE concerns and incidents, including near misses, are reported and addressed, no matter how small or large “Together, we will continue to push boundaries, set higher standards, and lead with safety at the forefront. Onward to a safer, more successful future,” added Mr. Govindan. Wasco’s ongoing dedication to safety excellence aligns with its broader strategy to set new standards in the energy services sector and strengthen its reputation for operational excellence. #Wasco #Engineering #Fabrication #SafetyExcellence #HSE #WorkplaceSafety #SustainabilityTomorrowTodaysCommitment

“Jiwa Merdeka” captures the spirit of freedom to rise above challenges, build unity, and drive progress. As we celebrate Malaysia’s 67th National Day, we reflect on these values that define our nation’s journey. Here at Wasco, we are committed to our mission of delivering innovative and sustainable energy solutions to support Malaysia’s growth and prosperity. With this purpose in mind, we strive to make a positive impact and contribute to a brighter future for all. Happy National Day, Malaysia! #MalaysiaMadani #JiwaMerdeka #NationalDay

Wasco Berhad announced its financial results for H1 FY2024 today, reporting strong growth across key metrics. Revenue rose to RM1.35 billion, a 20.9% increase from last year, with significant gains in Profit Before Tax (PBT) and Net Profit. This success is driven by our Energy Services segment and strategic project advancements, including new contract wins for Malaysia’s first Carbon Capture and Sequestration (CCS) project off the Sarawak coast and a major offshore development in the Middle East. Our order book grew by 15%, now stands at RM3.7 billion, reflecting our strategy to diversify revenue streams and capitalise on emerging opportunities. As we enter the second half of FY2024, Wasco remains well-positioned for continued growth and focused on delivering value to shareholders as we navigate the evolving market landscape. #Wasco #SustainabilityTomorrowTodaysCommitment