AUSTRALIA

Clough to establish foothold in Thailand

CLOUGH Ltd has formed a joint venture with STP&I, a company of Thailands Sino Thai Group, to set ...

Clough to establish foothold in Thailand

The fabrication and assembly facility will be developed within the existing infrastructure of Port Sattahip, a petrochemical hub on Thailand’s eastern seaboard, according to Clough CEO and managing director David Singleton.

Initial investment is less than A$1 million and future requirements will be funded through projects, according to Clough.

“The development of a fabrication capability in Thailand is a key part of our regional execution strategy as we seek to obtain more cost-effective project execution centres across our Asian operations and to become more domestically based where we see regional growth,” Singleton said.

The Gulf of Thailand offshore oil and gas market was strong and would remain buoyant for some time, he said. Clough also intended to use its Thai operations centre to undertake projects elsewhere in Asia.

“We have already done this on the Indonesian Kodeco project where the project was predominantly bid, managed and executed from Thailand with support from Perth on key specialist areas only,” Singleton said.

“This is all part of our regionalisation strategy where we will have capable execution hubs in Indonesia, Thailand and India. Indonesia through Petrosea is very well established, Thailand is becoming well established and India is just beginning to be established.”

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