Wasco

Wasco Berhad, formerly known as Wah Seong Corporation Berhad, established in 1999, is a prominent integrated infrastructure group with a global presence across 17 countries. Listed on the Main Market of Bursa Malaysia Securities Berhad (KLSE: WASCO), the company’s core strengths lie in two distinct divisions. The Energy Services Division specializes in advanced pipe coating, corrosion protection, engineering, and EPC project delivery. Complementing this, the Bioenergy Services Division focuses on biomass energy generation, catering to a varied sector including plantations, petchem, oleochemicals and large industrial players. Wasco emphasizes sustainability and environmental responsibility throughout its business operations. The organization has set an ambitious target to achieve net-zero carbon emissions throughout its operations by 2026. A significant part of this commitment revolves around the ‘Wasco Forest’ initiative. Launched in 2021, this tree planting program in Malaysia is designed to generate carbon removal offsets, effectively reducing emissions from the company's activities. Beyond this dedication to environmental responsibility, Wasco is resolute in its commitment to energy transition within the oil and gas sector. Recognizing that a successful transition necessitates collaboration between the public and private sectors, Wasco actively seeks strategic partnerships. The company envisions driving growth within regional green value-chains, leveraging local expertise and capabilities to shape a more sustainable future for the energy industry.

According to the GICS (Global Industry Classification Standard) version of March 2023, Wasco’s industry classification falls within the following categories:

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