Wah Seong signs RM2.7bil pipe deal with Nord Stream 2 of Switzerland


Milestone project: Maccagno says it is the single largest contract win to date for Wah Seong.

PETALING JAYA: Oil and gas services firm Wah Seong Corp Bhd has finalised an earlier agreement with Switzerland-based Nord Stream 2 AG and signed a 600 million euro (RM2.726bil) contract to provide pipe coating services to Nord Stream 2 AG.

The contract value comes within analysts’ estimates as they expected the contract to be priced at the US$600mil-US$700mil price band.

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