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Found Ocean signs offshore formwork deal

Offshore grouting specialist Found Ocean has announced that it has signed a joint venture deal with Ambico Group to develop its own range of fabric formwork grout bags for subsea applications.

The two companies are currently working on the recovery project for the stricken Costa Concordia cruise liner with Ambico supplying the formwork and Found Ocean placing them into position.

“Ambico and Found Ocean have worked together since 2006, so opening the fabric formwork manufacturing facility together was a natural step in being able to offer our clients a single source for the design, manufacture, and installation of a wide range of high-quality grout bags,” said Ambico CEO Amit Biswas.

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