- Business
- Wasco Berhad Wasco Berhad engages in investment holding and provides management services to subsidiaries as a leading global energy infrastructure group specializing in pipe coating, corrosion protection, engineering procurement and construction (EPC), fabrication, renewable energy solutions, and industrial trading. The company operates through key segments including Energy Services, offering specialized pipe coating and manufacturing for oil and gas, EPC of gas compressors and process equipment, offshore and onshore field development facilities, and equipment for power generation, oleochemical, and petrochemical industries; Bioenergy Services, supplying biomass power plant equipment such as industrial fans, boilers, turbines, and steam energy systems; Trading, encompassing distribution of building materials, steel pipes, infrastructure products, and agro-industrial equipment; and Others, including cathodic protection, passive fire protection, and equipment leasing. Founded in 1999 and headquartered in Kuala Lumpur, Malaysia, Wasco Berhad maintains operations across 16 countries including Malaysia, Indonesia, UAE, Qatar, UK, Tanzania, Australia, USA, and others, serving oil and gas, renewable energy, power, petrochemical, and construction sectors with a workforce exceeding 5,000 employees from over 40 nationalities. Recent developments include the opening of a new fabrication yard in the UAE to bolster Middle East expansion and support In-Country Value initiatives, ongoing investments in facilities like Batam, Indonesia (acquired 2022), and pipe coating plants in Qatar and Tanzania, retention of a strategic stake in Petra Energy Bhd for dividend yields, and in November 2025, its subsidiary Wasco Greenergy Sdn Bhd unveiled a Main Market IPO prospectus on Bursa Malaysia at RM1 per share to raise RM75 million following a proposed acquisition.