Norwegian flood barriers are on their way to Malaysia

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Signing ceremony in Ambassador Urstad's residence

Last week, Ambassador Hans Ola Urstad welcomed yet another company to the Malaysian market.

Norwegian investment in Malaysia has increased dramatically over the last few years. Norway is currently the 9th largest investor country, with investments amounting to approximately 19 billion ringgit. Last week, Ambassador Hans Ola Urstad welcomed yet another company to the Malaysian market.

 

Norwegian company AquaFence AS (www.aquafence.com) and Salcon Petroleum Services Sdn Bhd (SPS) signed an Agency Contract which will grant SPS sales rights for the AquaFence products in Asia Pacific. The official signing ceremony in the Norwegian Ambassadors Residence was witnessed by Ambassador Hans Ola Urstad and incoming Ambassador Gunn Jorid Roset. The contract was signed by the CEO of AquaFence, Michael S. Juuhl and the CEO of SPS, Thomas Alexander Sjøberg. The signing opens the door to a wide range of opportunities to exchange knowledge across boarders. "I am very excited to be in Kuala Lumpur for this signing ceremony with our new partner, Salcon Petroleum Services, and to start building a close working relationship that will assist Asian companies, organisations and governments to mitigate challenges related to flooding", said CEO of AquaFence, Michael S. Juuhl.

 

Flooding is a global issue that can have devastating consequences. AquaFence specialises in deployable Flood Protection Barrier Technology that provides a mobile and flexible protection from excess water or flooding. The product can be deployed rapidly and is easy and fast to transport, install and remove. It is customisable and can be built around existing infrastructure to ensure full flood protection. Moreover, it is cost-effective and reusable up to 60 times. The technology is patented and is certified by leading test institutes, such as BWK and FM Global. The AquaFence Group is based in Norway with subsidiaries in the USA, Europe and Asia. Norwegian business is thriving in the ASEAN region and Norway’s partnership with ASEAN is good news for investors eager to take part in the region’s rapid development.