Norway's DNV GL announced Tuesday that to meet the growing demand in Asia, the company has opened a new office in Malaysia. The official opening of the office coincided with the company’s celebration of a double milestone: 150 years of proud history as a world leader in classification and technical assurance services and its first year as a newly merged company.
"According to the OECD, growth in the Emerging Asian economies (South East Asia, China and India) is expected to be a robust 6.9 percent for the 2014-18 period. Registering a 6.4 percent growth in 2Q of 2014, Malaysia has a well-diversified economy, with major contributors coming from export-driven service and manufacturing industries as well as the mining and agricultural sectors. The country is a key driver of offshore investments and is building substantial offshore infrastructure. Adopting strategies for sustainable development, the Malaysian government plans to develop an energy-efficient, diversified and sustainable energy mix for the future. All of which offers a very positive outlook for DNV GL. We've been in Malaysia for over 30 years and our commitment stays firm,” said Elisabeth Torstad, CEO DNV GL Oil & Gas.
DNV GL Malaysia’s move of its merged entities into its new Malaysian headquarters is evidence of this commitment. The new eco-friendly office over three floors will house DNV GL's four core business areas – Maritime, Oil & Gas, Energy and Business Assurance - under one roof. This will create greater synergies and provide more integrated service offerings to customers. The new location in Menara Prestige, at the heart of Kuala Lumpur’s Golden Triangle, accommodates 250 employees from both legacy DNV and legacy GL.
As part of the 150th anniversary celebrations and the official opening of its office, DNV GL held a dialogue with key industry players on the technologies that are transforming Malaysia’s energy landscape.
“One important industry trend is the drive towards a sustainable energy future. DNV GL has always been at the forefront of technology. We're constantly working with our partners in joint industry projects, gathering industry stakeholders to work together and support the industry in transforming technology into solutions for a safe and sustainable future,” Torstad said at the event.
In 2013, the DNV GL Group had revenue of approximately $2.5 billion (NOK 15 billion) and an operating profit of approximately $230 million (NOK 1.2 billion).
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