Hydro Group Opens Singapore Office
Scottish underwater components firm Hydro Group announced Tuesday it has opened a new Singapore office.
The Aberdeen-based company said that it had made the move since Singapore represents its second-largest export market, with the firm identifying more than $1.5 million of potential sales in the region annually.
The new office is aimed at supporting Hydro Group's increasing presence in South East Asia, where it plans to build on its sales of subsea optical cables, electrical cables and connectors to the wider energy market as well as the defense sector.
Hydro Managing Director Doug Whyte commented in a statement:
"The group has had representation in Singapore for some time, but with an increasing number of our key clients based throughout South East Asia, significant growth in demand for local support from our customers and the expansion of exploration activities in the region, it is vital to our international growth plans to open our first office in the area."
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