Wasco

Wasco Berhad delivers strong performance for the nine months ending 30 September 2024 (9MFY2024), reflecting resilience and steady progress across our operations.   For 9MFY2024, we achieved a 10% year-on-year revenue growth to RM1.98 billion, while profit after tax and minority interest (PATAMI) rose 60% to RM118.0 million. Our total order book remained strong at RM3.0 billion level, with over 90% of contributions from the Energy Services division. Our tender pipeline has grown to RM96.0 billion, providing strong visibility into future opportunities.   Over the past two years, we have focused on streamlining our operations by divesting over 80% of our non-core assets, enabling us to strengthen our position as a focused energy solutions provider.   Looking ahead, we remain focused on maintaining operational discipline and delivering sustainable results. While challenges persist, we are committed to creating long-term value creation for our stakeholders and advancing global decabonisation efforts. #9MFY2024 #TeamWasco #SustainabilityTomorrowTodaysCommitment

Under the banner of “Stronger Together,” this year’s eagerly awaited team celebration at WEIL proved to be more than just an annual tradition. The gathering offered a much-needed pause from daily work routines, inviting employees to reflect on their collective triumphs and deepen their connections in an upbeat, vibrant setting. More than a festive occasion, the event became a platform for cultivating teamwork, resolving challenges with empathy, and reinforcing Wasco’s hallmark ‘One Team’ culture. From front-line team members to senior leadership figures, including the VP of Operations and the CEO of Wasco EFD, the event brought together participants from all levels of the organisation. Inspiring stories of milestones—both personal and professional—were shared, along with well-deserved recognitions of peers’ achievements. The night was alive with talent as colleagues took the stage, adding to the dynamic energy and making every moment memorable. The atmosphere buzzed with camaraderie, showcasing the heart of Wasco: a unified, collaborative spirit. This shared experience not only celebrated individual contributions but also underscored the incredible strength of the collective team. The evening’s energy set a positive tone for the future, reaffirming the belief that when united, the team can achieve extraordinary results. Here’s to celebrating success, fostering collaboration, and building on the shared momentum that drives Wasco forward. #StrongerTogether #OneTeam #TeamWasco #CelebratingSuccess

In today’s fast-evolving digital landscape, staying ahead of the curve is no longer optional—it’s essential. At Wasco, we pride ourselves on fostering a culture where innovation and continuous learning thrive. This was evident today as Nor Shahira Ahmad Kamal delivered an insightful session on the transformative impact of technology. Her presentation highlighted the critical role innovation plays in driving both personal and professional success in an increasingly complex world. The day’s momentum did not stop there. Wasco launched its highly anticipated Christmas Wish Project, an annual corporate social responsibility initiative. Through our Child Adoption Initiative, employees have the opportunity to fulfil the Christmas wishes of children at Rumah Charis. The overwhelming participation from #TeamWasco was a heart-warming reminder of the strength of community and shared purpose. To round off the day, we celebrated our November-born colleagues, recognising the individuals who bring vitality and enthusiasm to the workplace. Today’s activities reflected Wasco’s broader commitment to innovation, compassion, and connection. As we continue to navigate challenges and opportunities, moments like these highlight the values that drive us forward. #TeamWasco #TechnologyForGood #ChristmasWishProject #SustainabilityTomorrowTodaysCommitment

Wasco Pipe Sabah (WPS), the pipe manufacturing arm of Wasco, is considering expanding its “Turning Recyclables Into Treasure” programme into a semi-annual event. Though modest in scale, the initiative underscores Wasco’s dedication to contributing towards its Environmental, Social, and Governance (ESG) goals.   The programme held recently, focuses on repurposing everyday waste materials such as plastic bottles, paper, and cardboard, which are processed into threads and textiles to produce items like clothing and blankets. The strong participation from employees has encouraged WPS to explore running the initiative more frequently, reflecting Wasco Group’s broader emphasis on embedding circular economy principles and its commitment to achieving net zero carbon emissions by 2026.   In collaboration with the local environmental organisation, Tzu-Chi Kolombong, these waste materials are transformed into textiles, adding to Wasco’s cumulative collection of 670 kg of recyclables to date. This initiative is part of the Wasco Group’s larger strategy to reduce waste and promote sustainability across its operations.   As part of its ESG commitment, Wasco aims to continually expand its sustainability efforts, reflecting a long-term strategy to minimise waste and optimise resource use across all facets of its business.   #TeamWasco #SustainabilityTomorrowToday’sCommitment #CircularEconomy

We are delighted to formally introduce Tze Phei Tee fondly known as TP, who assumed the role of Chief Information Officer (CIO) at Wasco Berhad on 1 October 2024.   This is not TP’s first tenure with Wasco. From 2021 to 2023, he served as Vice President of Digitalisation within the Wasco Energy Group, where he played a pivotal role in advancing the company’s digitalisation efforts. Now, as CIO, he brings over a decade of experience in strategy, management, and technology consulting, with a specialised focus on the energy sector.   TP’s extensive expertise includes leading Industry 4.0 initiatives and pioneering national energy modernisation programmes across ASEAN, such as Smart Metering and Smart Grid projects. His work is deeply rooted in leveraging technologies like data analytics, Artificial Intelligence, and the Internet of Things to drive sustainable innovation and address complex energy challenges.   At Wasco, his leadership is already contributing to our vision of delivering competitive and sustainable solutions for the energy industry. We are confident that TP’s forward-thinking approach will further enhance Wasco’s digital transformation journey and commitment to innovation.   We warmly welcome TP to his new role and look forward to the continued impact he will bring to Wasco and our stakeholders.   Welcome back, TP! We have missed you and are absolutely delighted to have you back with us.   #TeamWasco

On Indonesia National Health Day, PT Wasco Engineering Indonesia (Wasco) took a powerful step toward making a meaningful difference in the community, with its inaugural blood donation drive. Under the theme “Give Blood, Give Life,” Wasco partnered with the Palang Merah Indonesia - PMI (Indonesian Red Cross) Batam to host this meaningful event on Wednesday, November 13, 2024. The initiative saw a remarkable response, with uniting for this life-saving cause and contributing 78 bags of blood. Each bag represents a selfless act of courage and kindness that has the potential to save lives and bring hope to those in need. Balaji Govindan, Vice President of Operations at Wasco, expressed his sincere gratitude to PMI Batam and the event organising committee for their dedicated support in making this event possible. “Blood donation is more than just an act of giving – it is a powerful reminder of our shared responsibility to one another. It’s an act that binds us together as a community, strengthens the bonds between us, and saves lives. We are incredibly grateful to everyone who participated, and Wasco is committed to making this initiative a regular part of our efforts to have a lasting, positive impact on society,” said Balaji. At Wasco, we believe that every small act of kindness has the power to make the world a better place. This blood donation drive is just one way we are working to build a healthier, more connected community. We hope it inspires others to take action and give the gift of life. Join Us in Making a Difference! Every drop counts. Wasco encourages everyone to consider the profound impact of blood donation and urges all who can to take part in this life-changing act. Together, we can create a ripple effect of kindness, courage, and hope. #TeamWasco #SustainabilityTomorrowTodaysCommitment

Despite the pouring rain, a spirited group of 40 runners from Wasco, including Ariesza Noor Wasco’s Chief Strategy Officer, joined thousands at the Puma NITRO™ Night Run in Dataran Putrajaya. Embracing the theme “Elevate,” they pushed their limits across the 5KM, 10KM, and 21KM courses, undeterred by the weather. Running through the downpour, the team showcased resilience, teamwork, and a passion for wellness, embodying Wasco’s values both on and off the track. The event wrapped up with vibrant performances and interactive booths, making it a memorable experience for all. Kudos to #TeamWasco for their determination and spirit—rain or shine, you made us proud! #PumaNitroNightRun #TeamWasco #SustainabilityTomorrowTodaysCommitment

We would like to thank the press for their extensive coverage of Wasco’s Sustainable & Transition Finance Framework, the first of its kind in ASEAN. This milestone, alongside our USD25 million sustainability-linked loan, marks a major step in our commitment to sustainable finance and decarbonisation in the energy sector. Explore the coverage: - The Edge: https://lnkd.in/gXDh5QDa - The Star: https://lnkd.in/gFmwifg5 - Business Today: https://lnkd.in/gmw4_qv8 - DagangNews: https://lnkd.in/gsaAgvjb - Bernama: https://lnkd.in/g_Ki2N_p - The Star: https://lnkd.in/gzz5Bx2s These coverage brings our story to a broader audience, underscoring the critical role of sustainable finance in ASEAN’s energy transition. We are grateful to our media partners for highlighting this significant milestone and helping drive the conversation on sustainable growth in the region. #SustainableFinance #TransitionFinance #GreenFinancing #EnergyTransition #NetZero #SustainabilityTomorrowTodaysCommitment

We recognise that the future of energy lies in sustainable solutions that drive progress for our clients, communities, and the planet. Today, we are proud to announce the launch of our Integrated Sustainable & Transition Finance Framework (STFF), the first in ASEAN, developed in partnership with Maybank Investment Banking Group as our Sole Sustainability Adviser and Maybank Singapore as lender, backed by our inaugural USD 25 million sustainability-linked loan. This STFF is not just a financing tool — it’s a strategic enabler that aligns with the ASEAN Taxonomy for Sustainable Finance and ICMA’s Climate Transition Finance Handbook. The framework opens doors to green financing facilities, supporting impactful projects from renewable energy to emissions reduction. Download the full framework here to see how we are unlocking competitive financing, accelerating our net zero targets, and supporting ASEAN’s sustainable energy transition. Together, we are leading ASEAN’s transition to a sustainable energy future — one milestone at a time. #SustainableFinance #GreenFinancing #EnergyTransition #NetZero #SustainabilityTomorrowTodaysCommitment

Wasco Coatings Middle East (“WCME”) has launched a new paper recycling programme, building on Wasco Group’s ongoing sustainability efforts and adding a fresh green habit to the workplace. Inspired by recent regional moves away from single-use plastics, this programme is a simple yet impactful step towards reducing waste and supporting a circular economy. It’s all about making it easy: special bins are set up around the office to collect used paper, which is then picked up by Elite Paper Recycling, where it’s sorted, cleaned, and repurposed into new products like office supplies and packaging. Through this three-stage process, WCME is helping protect forests, cut down on energy use, and keep paper out of landfills—reducing greenhouse gases along the way. Why does it matter? This small change adds up, making a big impact for both the environment and the community. #SustainabilityTomorrowTodaysCommitment #TeamWasco #ImpactForChange