Weatherford International has opened a multimillion-dollar facility in Singapore which will provide a strategic base for the company’s operations within the Asia Pacific region.
The site – which brings together the country’s 300-strong workforce under one roof for the first time – will incorporate Manufacturing and Technology, Assembly and Test, Repair and Maintenance, and Warehouse facilities as well as Administrative and Office space.
Weatherford’s new four-story development has additional capacity, enabling an increase of staffing levels by 30% to 400 as the company continues to meet increasing demand for services across the region.
Peter Fontana, Chief Operating Officer of Weatherford, said: “We have identified significant growth potential in emerging markets such as Bangladesh, Brunei, Vietnam, Philippines and Myanmar and our investment in this new facility is a milestone in the evolution of our business in these key areas. Our previous footprint in Singapore was spread across 11 different buildings or plots in two primary locations. This investment is recognition of the strategic importance of Singapore to Weatherford in realizing its ongoing ambitions in the emerging markets of the Asia Pacific region.”