The first joint venture, Bayou Wasco Insulation Technologies, LLC, which will be based in New Iberia, Louisiana, has been organised to provide offshore insulation services, primarily to customers in the United States, the Gulf of Mexico, Central America and the Caribbean.

The joint venture is owned 51 per cent by Insituform and 49 per cent by Wasco.

Bayou Wasco Insulation will provide thermal insulation coating services for offshore flow assurance including poly-urethane foam and syntactic poly-propylene. The facilities are expected to be operational by early 2012.

The second joint venture, which will be known as WCU Corrosion Technologies, will be based in Singapore and provide the product and service offerings of Corrpro Companies and United Pipeline Systems, each an Insituform subsidiary, throughout Asia.

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WCU Corrosion Technologies will be owned 51 per cent by Wasco and 49 per cent by Insituform.

Wasco, a subsidiary of Wah Seong Corporation Berhad, is based in Kuala Lumpur, Malaysia and provides pipe coating, insulation and protection services to the oil and gas industries.