Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) recently announced the opening of the Insituform–Asia Pacific Headquarters in Singapore. An official launch event took place the Insituform booth at the Water Expo in Singapore on June 30. Insituform also received the Regional Headquarters Award.
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. 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.