Cape to target Malaysian market with new joint venture
Cape plc, a provider of industrial services to the energy and natural resources sectors, has formed a Joint Venture company with Olio Resources Sdn Bhd in order to serve the Malaysian market.
Cape says the new joint venture will bring together the capacity, experience and skills of both organisations.
Established in 1995 by a group of Malaysian entrepreneurs with a combined experience of over 100 years in the oil and gas industry, Olio provides a range of products and services to the oil, gas and energy industries, Cape explained.
Joe Oatley, Chief Executive of Cape commented: “We are pleased to enter into this joint venture with OLIO to establish a company dedicated to the Oil and Gas services market inside Malaysia and look forward to a long standing successful bond between both companies.”
Dato’ Ramli Md Nor, Group Executive Chairman of OLIO commented: “We are very excited about this partnership between OLIO and Cape which we believe will form an important part of our vision to become a leading solutions provider to the Oil, Gas and Energy market in the region.”