Gaylin will co-locate at a purpose-built, 3,967 square metre site with Phoenix Offshore, a Gaylin-owned ship chandler supply business.

The new facility will stock a full range of equipment, including a vast range of lifting equipment, marine mooring systems, winch packages and associated services.

Gaylin will manufacture wire rope slings up to 128mm diameter in Busan, where overhead cranes offer complete material handling coverage across the site, which also boasts a 2,000t horizontal test machine and a smaller 600t unit. Eventually, Gaylin will use the location to supply more specialist offerings, such as crane examination, light engineering and spooling services.

The site, strategically positioned within close proximity of a number of major seaports, comprises a three-storey office and a sprawling workshop over two levels. It is the cornerstone of a multi-million pound expansion investment plan.

Desmond Teo, CEO of the Gaylin Group, said: “The facility is in the heart of the southeast economic zone and on the doorstep of the machinery, steel, shipbuilding and marine industries. The oil and gas sector has been hit hard in Korea, similarly to other global hotbeds, but it will bounce back and when it does we’ll be ready.”

The facility is Gaylin’s sixth global hub—others are in Singapore, Malaysia, Indonesia, Vietnam and China—but, inclusive of Rigmarine sites, it is a landmark 10th in the group. A commonality is the core customer base in offshore oil and gas, renewables, construction, break bulk, shipping and marine industries.