Dallas, Texas 08/20/2013 (Financialstrend) – Halliburton Company (NYSE:HAL) had recently announced the launch of new manufacturing and technology center in Senai, Malaysia which is expected to enable the company to provide for the expanded delivery of its high quality products to meet out the increasing needs of the customers in the markets of Eastern hemisphere and at other international locations. This new extension of the manufacturing and technology center would add up around 9844 square meters of space and would cater to the needs of manufacturing wide range of products to include subsurface flow, packers, service tools, float equipments, cementing accessories, stage tools, swell and screens technology and tubing retrievable safety valves.
The Senior Vice President for the operations of Halliburton Company (NYSE:HAL) in the Asia Pacific Region had commented that this additional capacity launched at Senai, Malaysia would provide for effective strengthening of the company’s position in the deep water, unconventional resources and mature assets development. It had been reported that the new facility for manufacturing and technology had been loaded with streamlined processes and advanced machines to provide for maximized efficiency in the production capacities of the company. Further, this manufacturing facility is also expected to enable the company to expand its market share to new developing markets.
The stock on Monday had reported a loss of 0.64% in the prices to finally close the session at $46.65 per share. The stock was observed to have reported intraday prices fluctuating in the range of $46.55 to $47.19 per share and as of now the 52 week lowest price of the stock is at $29.83 and 52 week highest price is at $47.19 per share. Halliburton Company (NYSE:HAL) had reported that there were around 12.59 million trades that occurred in its shares on Monday, while the average level for this company is at 8.72 million shares per day.