KTL Plans to Hire More Staff for its Tanjung Langsat Facility in Malaysia

KTL Global Ltd.'s subsidiary KTL Offshore Pte Ltd., a Singapore-headquartered rigging equipment company serving the oil and gas industry, plans to hire more staff for its new manufacturing facility in Tanjung Langsat, Johor, Malaysia this year, a company executive reported. "We expect to increase our manpower from 18 to 50 people by the end of 2015 as we move more and more facilities across (from Singapore) to Malaysia," according to Mark Beretta, chief operating officer and executive director at KTL Global.

KTL Offshore is a manufacturer of premium steel wire rope, synthetic rope and subsea rigging equipment to the oil and gas industry, with the company also providing related technical services. The company's Tanjung Langsat operations, spread over 217,800 square feet of land, will be the largest dedicated facility in Malaysia, with a focus on the manufacture of steel wire rope slings and provide storage for rigging gears.

"(The Malaysian facility) will really helps us to reduce our operational costs. That's the reason why we do it," Beretta explained. KTL Offshore's expects to complete relocation of its steel rope slings and rigging production to its Tanjung Langsat facility by June. The relocation to Malaysia came about as the firm tried to deal with high labor costs, government levies and utility charges as well as a shortage of workers in Singapore.

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