Facing the challenge

摘要

The Far East, in particular South Korea, emerged as the dominant force in the global fabrication market by offering reduced cost bases for projects when the European sector began its downturn in the mid-1990s. The challenge for the European sector is to wrestle some of these gains back by emphasising its greater technology offering and demonstrating that it can complete jobs more efficiently. There are signs that Europe's fabricators are heading in this direction with the major Bonga and Kizomba contract awards to Amec and Heerema. Kim Jackson reports on how Europe's fabricators are faring in today's increasingly competitive market.