December 13 - Gaylin - the Singapore headquartered supplier of lifting, rigging and marine equipment - has opened a new facility in Busan, South Korea.
Gaylin will share the 3,967 sq m site, which includes a three-storey office and two-storey workshop, with its subsidiary company Phoenix Offshore. The facility will stock a range of lifting equipment, marine mooring systems, winch packages and associated materials.
The facility is Gaylin's sixth global hub, with the other sites located in Singapore, Malaysia, Indonesia, Vietnam and China. The company's operations focus on serving clients in the offshore oil and gas, renewables, construction, breakbulk, shipping and marine industries.
At the new South Korean facility, Gaylin will manufacture wire rope slings of up to 128 mm in diameter, and will eventually use the location to provide more specialist services, such as crane examination, light engineering and spooling services.
Gaylin Group ceo Desmond Teo said: "The facility is in the heart of the southeast economic zone and on the doorstep of the machinery, steel, shipbuilding and marine industries. The oil and gas sector has been hit hard in South Korea, similarly to other global hotbeds, but it will bounce back and when it does we'll be ready."