Korean rope manufacturer Kiswire is building a new plant for the production of large wire ropes for offshore and mining applications.
The Neptune 2 facility in Tanjung Langsat, on the east coast of Johor, Malaysia will begin production in the third quarter of 2011.
The equipment inside the factory will be capable of manufacturing wire rope up to 600 tonnes in non-rotating, multi-strand constructions. The output capacity of Neptune 2 will be 25,000 tonnes a year. This will be in addition to the existing Neptune 1 plant output of 25,000 tonnes a year.
With this investment Kiswaire says it hopes to be ready to service the needs of offshore and mining in the future.