Offshore Energy
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
  • More news
JobsNewsletter
Offshore Energy logo

Your trusted source for global offshore energy news, part of the Navingo network.

Topics
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
Network
  • Offshore Energy
  • Offshore Wind
  • NavalToday
  • Dredging Today
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report your news
  • Privacy

© 2026 Navingo. All rights reserved.

Home›Subsea›FoundOcean Sets Up JV to Manufacture Fabric Formworks for Subsea Applications
Subsea

May 7, 2013 · about 13 years ago

FoundOcean Sets Up JV to Manufacture Fabric Formworks for Subsea Applications

FoundOcean, the world’s largest dedicated offshore construction grouting company, has expanded its range of products and services to include the design and manufacture of their own range of fabric formwork grout bags for subsea applications, by setting up a joint venture with their Indian-based part

1 minutes read
  • LinkedIn
  • X
  • Email

FoundOcean, the world’s largest dedicated offshore construction grouting company, has expanded its range of products and services to include the design and manufacture of their own range of fabric formwork grout bags for subsea applications, by setting up a joint venture with their Indian-based partner Ambico Group.

“Ambico and FoundOcean have worked together since 2006,” remarked Amit Biswas, CEO of Ambico Group. “Opening the fabric formwork manufacturing facility together was a natural step in being able to offer our clients a single source for the design, manufacture, and installation of a wide range of high-quality grout bags.”

The Mumbai-based factory employs 35 people, and has already won significant contracts to supply grout bags all over the world, including 2,500 fill-and-remove formworks for the ongoing Costa Concordia wreck removal project where FoundOcean has been mobilised since October 2012.

“Our DNV-accredited manufacturing facility is world-class and has the capability to produce standard and custom formworks for a range of subsea applications. We can now deliver more quickly and to a higher manufacturing standard than any others currently on the market,” explained Jim Bell, Managing Director for FoundOcean.

[mappress] Press Release, May 07, 2013

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

SubseaBusiness & FinanceEquipment

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1EU grant to cover 60% of investment for 10 MW tidal kite array in Ireland
  2. 2Eni and Libya’s National Oil Corporation turning on the taps at African gas project
  3. 3Transocean’s drillship pair bags $550 million in new US Gulf deals
  4. 4Fugro completes 2026 survey campaign for Ireland’s 900 MW offshore wind project

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free