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Article: Dril-Quip Awards Contract for New Singapore Facility.
- Article from:
- China Weekly News
- Article date:
- November 3, 2009
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Dril-Quip, Inc. (NYSE:DRQ) announced that its wholly owned subsidiary Dril-Quip Asia Pacific Pte Ltd. has entered into a contract for the construction of its new manufacturing facility on an 11.2 acre green field site in Singapore. Construction is expected to be completed within approximately sixteen (16) months. When completed, the new facility will support a large range of activities including administration, finance, sales, service, engineering, manufacturing, assembly, and warehousing. The contract, valued at approximately SGD46.5 million (US$33.5 million), was awarded to Lum Chang Building Contractors Pte Ltd (LCBC) of Singapore based on a competitive bid process ...