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Significant Events In 2004
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SembCorp
Utilities UK receives the Five Star Health & Safety Award,
reflecting its world-class safety performance in 2003. |
Sembawang
Shipyard becomes the first major Singapore
shipyard to achieve recognition from the International Maritime Organisation
for compliance with the International Ship and Port Facility Code.
SembCorp Industries is commended for ‘Best
Environmental Reporting in an Annual Report' by global accounting
body ACCA.
SembCorp Logistics
(SembLog) establishes 60:40 joint venture to start supply chain management
operations in Vietnam, and partners Italy’s B Pacorini to offer
specialty logistics services for metals and collaterised goods in
Asia. |
SembCorp Utilities'
(SembUtilities) offshore engineering unit SMOE launches new fabrication
yard in Batam to tap into Indonesia's oil and gas market.
SembCorp
Environmental Management (SembEnviro) launches
new automated medical waste plant in Tuas. |
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PPL Shipyard secures US$117.6 million rig building contract
from Norway’s Mosbarron. |
Jurong
Shipyard wins world’s largest FPSO conversion contract
P-54 worth US$628.8 million from Petrobras Netherlands. |
SembCorp
Marine (SembMarine) acquires 30% stake in COSCO Shipyard Group
to expand its marine business in China. |
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SembEnviro
acquires 51% stake in India's largest integrated bio-medical waste
management and treatment services provider, now renamed SembEnviro
Ramky. |
SembUtilities
establishes a wholly-owned subsidiary in Shanghai to provide its China-based
businesses with technical, development and management support.
SembEnviro signs in-principle
agreement with Shanghai Environment Investment to take a 25% stake
in a new JV company to undertake waste management projects
in Shanghai.
SembMarine and
its subsidiaries Jurong Shipyard
and Sembawang Shipyard set up S$500.0
million
multi-currency multi-issuer debt programme. |
SembLog
sells 20% stake in Kuehne & Nagel International for S$1.3 billion.
SembMarine wins long-term LNG
ship refit contract from the North West Shelf Venture to provide maintenance
and
refit services.
SembUtilities
sells 30% stake in Sime SembCorp Engineering.
SembCorp Utilities UK boosts power capacity at Wilton, Teesside,
UK with new 42 MW gas turbine.
SembCorp
Engineers and Constructors (SembE&C) wins S$335.0 million
civil works contract for Singapore’s Mass Rapid Transit Circle
Line, and S$220.0 million contract to build prestigious residential
apartments in Dubai. |
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SembCorp
Industries makes an additional provision of S$200.0 million
in relation to the Solitaire arbitration, following the dismissal
of its appeal on the "Choice-of-Yard" award by the High
Court of England.
SembE&C
unit SembCorp Simon-Carves secures process engineering contracts in
Iran worth S$320.0 million.
SMOE
secures US$112.0 million contract to build an offshore platform system
for Thailand's PTT International.
Jurong
Shipyard secures US$84.0 million shipbuilding contract from
Germany’s Reederei F Laeisz.
SembCorp
Financial Services sets up a S$1.5 billion multi-currency multi-issuer
debt programme. |
SembCorp
Industries announces distribution of approximately S$306.0
million to shareholders, comprising a special gross dividend of S$114.0
million (net S$91.0 million) and a capital reduction of S$215.0 million.
SembE&C secures S$660.0 million
contract for Indian oil refinery project, and S$110.0 million contract
for Indonesian gas field project.
SembLog
injects S$34.0 million into Footwork Express
in bid to acquire leading transportation company in Kyushu, Japan.
Jurong Shipyard, a subsidiary
of SembMarine, secures a US$131.0 million
rig building deal with Petrojack AS, and signs shipbuilding contracts
worth S$143.0 million with Wan Hai Lines.
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