Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) recently announced the opening of the Insituform – Asia Pacific Headquarters in Singapore. An official launch event for the new regional headquarters took place at the Insituform booth at the Water Expo June 30.
Receiving this Regional Headquarters Award signifies Insituform’s confidence in Singapore as the hub for the Asia Pacific region – a vital part of Insituform’s global strategy and plan for growth. Daniel E. Cowan, Insituform Vice President– Asia Pacific, said, “The opening of our Asia headquarters in Singapore will allow Insituform to continue to expand its reach in all Asian markets and to bring advances in technologies to meet the growing demand. Our recent acquisition of Insitu Envirotech (S.E. Asia) Pte Ltd. and large contract awards in Singapore further expanded Insituform’s trenchless rehabilitation business in Southeast Asia.”
Cowan continued, “The trenchless rehabilitation market in Singapore is experiencing significant growth as a result of a recently-initiated, four-year US $295 million rehabilitation program announced by the Public Utility Board (PUB), Singapore’s national water agency. Insituform’s proprietary trenchless products, including iPlus Infusion® for sewer pipelines and the InsituMain System for water pipelines, are well suited for this market and should allow Insituform to significantly expand Insituform’s Southeast Asia operations. Singapore is becoming the technology hub for innovation in the water and wastewater sector.”
With over 150 cities of one million plus inhabitants, Asia offers a rich network of pipeline infrastructure to service, and Singapore will now serve as the premier gateway to tap into the region’s robust opportunities.
“We are pleased that Insituform has chosen Singapore for its Asia Pacific headquarters. This bears testimony to the attractiveness of Singapore as a global hydrohub for high-value services such as pipeline rehabilitation, in addition to the traditional water treatment companies. Insituform is a world leader in pipeline rehabilitation and this investment will further diversify the fast-growing water and environment ecosystem in Singapore,” said Yeoh Keat Chuan, Assistant Managing Director, Singapore Economic Development Board and Deputy Executive Director of the Environment and Water Programme Office (EWI), which oversees the growth and development of the water industry in Singapore. Yeoh presented the Regional Headquarters Award to Mr. Joe Burgess.
Cowan concluded, “Singapore was an easy choice. It is a great place to attract top talent, our customers are global leaders in using trenchless technologies and it provides access to all of Asia.”