Dallas, Texas 08/22/2013 (Financialstrend) – Halliburton Company (NYSE:HAL) in an attempt to expand the production capacities of its operations had recently opened a new manufacturing and technology center in Senai, Malaysia which is expected to enable the company to effectively serve the growing needs of its customers for the high quality products in the Eastern hemisphere and across global markets. This new expansion of operations is expected to add around 105,960 square feet of production space to the company and would thereby provide for adding higher quality products to the portfolio. The new addition of products would include service tools, packers, screens technology, subsurface flow, swell, float equipment and tubing retrievable safety valves.
The senior Vice President of operations for Asia Pacific Region had commented that such expansion of production facilities proves to demonstrate the commitment of Halliburton Company (NYSE:HAL) to effectively serve the increasing needs of the customers in the markets of Eastern hemisphere. It is expected that this additional production capacity would enable the company to strengthen its presence in the products related to deep water usage, unconventional resources development and mature assets.
Shares of Halliburton Company (NYSE:HAL) were observed to have presented significant loss of 0.78% on Wednesday to close the trading session at $46.98 per share. Further it was noted that the intraday prices for the stock had been fluctuating in the range of $46.91 to $47.50 per share. The stock had proved effective to attract around 18.66 million trades in its shares on Wednesday, while the average volume of trading for this stock is at 9.12 million shares. The stock had moved through the past 52 weeks of trading to record the lowest price at $29.83 and highest price at $47.67 per share. The company presently holds around 913.58 million shares being traded in the markets with a market cap of $42.92 billion