Media Releases

SembCorp Environmental Management (SembEnviro), the environmental engineering unit of SembCorp Industries, has added a comprehensive cleansing business to its environmental services portfolio by acquiring the entire share capital of Cleantech Services, comprising 6 million ordinary shares of S$1.00 each, for a purchase consideration of S$15.0 million.

SembCorp Utilities (SembUtilities), the wholly-owned utilities subsidiary of SembCorp Industries, announced today that it has acquired, from Ian Brown and Nick Dargan of Deloitte & Touche as Joint Administrative Receivers, the assets and business of Enron Teesside Operations Limited (ETOL) based at Wilton International in the UK.

Revised FY2002 Financial Results Presentation & Masnet

SembCorp Utilities (SembUtilities), the wholly-owned utilities subsidiary of SembCorp Industries has signed an agreement to establish joint venture company, Shanghai Caojing Cogeneration Company with Shanghai Electrical Power Company, Shanghai Shenergy Company and Shanghai Chemical Industrial Park Development Company to build, own and operate a 605 megawatt cogeneration plant in the Shanghai Chemical Industry Park (SCIP).

SembCorp Industries wishes to announce that its wholly owned subsidiary SembCorp Environmental Management (SembEnviro) has entered into a strategic alliance with Tay Paper Resources, a local paper recycling company, to regionalise its paper recycling operations. As part of this alliance, SembEnviro will take a 60 per cent stake in Tay Paper for S$4.68 million.

SembCorp Environmental Management (SembEnviro), the environmental engineering unit of SembCorp Industries, has acquired a 60 per cent equity stake in the waste collection business of Shanghai Sincere Environmental Services Co. (Sincere), one of the top three leading environmental services companies in Pudong, Shanghai for RMB 1.8 million or S$0.4 million.

SMOE Pte Ltd, the offshore engineering division of SembCorp Utilities (SembUtilities), in partnership with Saipem Asia, has been awarded a turnkey contract for an offshore processing platform by PTT Exploration and Production Public Company Limited (PTTEP), for the Bongkot Field Development Project - Phase 3C.

SembCorp Utilities (SembUtilities), the wholly-owned utilities subsidiary of SembCorp Industries, has signed a joint venture agreement with Singapore Utilities International, Shanghai Sanyu Environmental Protection Technology Company and Nanjing Chemical Industrial Park Company to build, own and operate a wastewater treatment plant in the Nanjing Chemical Industrial Park (NCIP).

For SembCorp Industries’ FY2002, please refer to our revised Presentation Slides & Financial Statement on April 8, 2003.

SembCorp Industries wishes to announce that its environmental engineering subsidiary SembCorp Environmental Management has entered into a 30/70 joint venture with Consolidated Plantations, a wholly owned subsidiary of Sime Darby, to design, build, own and operate a biomass waste-to-energy plant in Tennamaram, Malaysia.

Sembawang Shipyard Private Limited (Sembawang Shipyard), a wholly-owned subsidiary of SembCorp Marine Ltd (SembCorp Marine), has secured a major contract from Consolidated Projects Ltd (CPL) to complete, outfit and commission an Offshore Dynamic Positioning Class 3 pipe-lay/construction barge, with fleet member Jascon 5 and built to American Bureau of Shipping Classification rules with notation ABS + A1 Barge + PAS + DPS3 “Pipelay”. The vessel will be operated by Offshore Contractors Ltd (OFFCON).

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