We are Singapores largest environmental management
services company and the second largest in Australia. We offer a
complete integrated suite of solutions for waste treatment and environmental
project management, catering to the municipal, industrial, commercial
and healthcare sectors.
To be Asias leading provider of total integrated environmental
management solutions, we will:
Expand our business base in Singapore even further
We see opportunities opening up for us in the near future. In 2003,
two municipal sectors will be put up for bid in Singapore and the
Singapore government is expected to increase its push towards making
recycling an integral part of life. This represents huge opportunities
for us to consolidate our position as the leading local waste management
Continue to explore opportunities in Asia to
enhance our regional presence
We are exploring opportunities in China, India, and Sri Lanka where
we can provide solutions to increasing environmental issues as a
result of rapid urbanisation in these emerging economies.
Utilise advanced technology to provide innovative
We are committed to harnessing technology to offer innovative environmental
management systems, improve operational efficiency and protect the
environment. We have introduced systems such as pneumatic waste
systems and industrial biologics.
We achieved a 14 per cent increase in Profit After Tax and Minority
Interests (PATMI) in 2002, which is attributed to our on-going cost-cutting
and restructuring measures.
In Singapore, we maintained our position as the countrys top
environmental management services company, retaining a 55 per cent
market share in the municipal sector, a 20 per cent in the industrial
and commercial (ICW) sector, and dominating the medical sector.
Our Australian associate, SITA Environmental Solutions (formerly
Pacific Waste Management), continued to remain the countrys
second largest environmental management company.
In 2002, we continued to rationalise our operations and introduced
innovative technological systems to keep us well ahead of other
players in the market.
In November, we renamed our holding company SembCorp Environmental
Management (SembEnviro), and realigned our companies under this
single brand. Semac was renamed SembWaste, and our business units
structured under eight different brands for the different market
- SembWaste Municipal
- SembWaste Industrial
- SembWaste Medical
- SembWaste Cleansing
- SembWaste Consultancy & Technology
- SembVISY Recycling
- SembVISY Recycling Materials Recovery Facility
- SembEnviro Conversion Technologies
During the year, we made significant progress towards our goal
of closing the recycling loop in Singapore. In the municipal sector,
we launched a pilot household recycling project, giving out free,
user-friendly, recycled storage crates to several housing estates.
These crates eliminate the need for residents to sort their recyclables
into separate bags and have been well received. The rates of participation
and the volume of materials recovered continue to be on the rise.
The success of this pilot project and our experience with it puts
us well ahead of the Singapore governments push to have every
one in two households recycling materials by end-2003.
We also officially opened Asias first automated materials
recovery facility (MRF) in Tuas. This is a 60/40 joint venture between
SembEnviro and VISY Recycling of Australia. This facility automatically
sorts and recovers paper, plastics, glass and metals and presently
recovers some 25 tonnes of recyclables a shift. SembVISY Recycling
expects to increase the MRFs capacity four-fold to 100 tonnes
per shift by end-2003.
In early 2003, we formed a 30/70 joint venture with Consolidated
Plantations to design, build, own and operate a S$20 million Biomass
Waste-to-Energy plant in Tennamaram, Malaysia. This new facility
will convert empty fruit bunches from oil palm into energy. The
plant is expected to be completed in end-2004.
In Australia, our associate, SITA Environmental Solutions, won Australias
single biggest waste contract worth S$142 million. We hold a strategic
40 per cent shareholding stake in SITA Environmental Solutions.
Discounting any deterioration in Singapores economic conditions,
the outlook for 2003 is expected to be favourable, with profit growth
expected through organic growth of our businesses and improvement
in market share.
In the coming year, we are well-positioned to compete for two local
municipal sectors which will be up for bid, and at least one municipal
sector in Asia as well.
We will also leverage the Singapore governments push towards
a 60 per cent household recycling target by 2012. With recycling
programmes and facilities in place, we can build on the recycling
business to reduce our waste disposal costs, create a second income
stream, and build a critical mass for the SembVISY Recycling MRF.
On the innovation front, we have secured a S$2.2 million contract
together with our partner Shinmaywa (Asia) to install a proprietary
mobile pneumatic waste collection system in three new condominium
projects which will be launched in 2003. Called the Singmatic System,
this waste collection system differs from conventional waste collection
methods because refuse from housing estates is drawn into trucks
via a vacuum pipe at collection points. The collection points at
the housing estates are linked to the various households by underground
conveyance pipes and waste is stored temporarily in underground
tanks before being collected by the trucks. Fully automated, the
system requires minimal manpower, is faster than conventional waste
collection methods and eliminates hygiene problems commonly faced
by manual waste collection.
We expect contributions from our regional operations to be favourable
as we continue to expand our revenue base, improve our efficiency
and raise service standards.
NEW SEMBENVIRO BRANDS
Municipal waste collection and post-collection
|| SembWaste Industrial
Industrial and commercial waste collection
Medical waste collection
Industrial and street cleansing
||SembWaste Consultancy &
Provision of environmental engineering expertise
Recycling collection for both municipal and industrial sectors
||SembVISY Recycling Materials
Materials recovery from municipal and industrial sectors
||SembEnviro Conversion Technologies
Recovery of energy from waste including biomass, incineration
and industrial biologics