Media Releases

Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Development, has entered into a sale and purchase agreement that will increase its interest in Vietnam Singapore Industrial Park Pte Ltd (VSIPPL) from 92.9% to 96.6%. The acquisition of shares in VSIPPL from a minority shareholder is expected to be completed by end November 2017. The total purchase consideration of US$6.9 million was calculated based on the net asset value of VSIPPL as at September 30, 2017.

Sembcorp has won yet another project in India’s wind power market. Its renewable energy business Sembcorp Green Infra was awarded a 250-megawatt project in the country’s second nationwide wind power tender. This makes Sembcorp the utility player which has won the largest combined capacity in India’s two national wind power tenders so far.

Sembcorp Industries (Sembcorp) delivered an improved underlying performance for the first nine months of 2017 (9M2017). Group profit from operations (PFO) increased 11% to S$685.5 million from S$617.1 million. Group net profit decreased to S$208.0 million from S$247.4 million mainly due to exceptional items and higher finance costs. Turnover was S$6.2 billion compared to S$5.9 billion in the same period last year.

Sembcorp Industries (Sembcorp) is pleased to announce that it will be developing two grid-tied rooftop solar energy systems at ST Aerospace’s facilities in Changi and Seletar. This is Sembcorp’s second rooftop solar energy deal to serve the aerospace and aviation industry in Singapore.

Sembcorp Marine Ltd (“the Company”) is pleased to announce that its wholly-owned subsidiary PPL Shipyard Pte Ltd (“PPLS”) has signed agreements for the sale of nine Pacific Class 400 jackup drilling rigs (“Rigs”) to Borr Drilling Limited and its subsidiaries (collectively “Borr Drilling”) at an aggregate consideration of approximately US$1.3 billion (S$1.77 billion), plus a market-based fee (“Market Fee”) calculated based on an uplift in value of the rigs sold (“Agreements”).

Sembcorp Marine subsidiary Sembcorp Marine Specialised Shipbuilding Pte. Ltd. and SeaOne Caribbean LLC (SeaOne) of Houston, Texas, USA, have inked a letter of intent (LOI) for the design and construction of at least two large Compressed Gas Liquid (CGL®) carriers.

Sembcorp Marine’s wholly-owned Brazilian subsidiary, Estaleiro Jurong Aracruz Ltda (“EJA”), has secured hull carry over works (“Hull COW”) worth about US$145 million from Tupi B.V. for the FPSO P-68 Tupi Project. Tupi B.V. had in July 2012 awarded EJA the contract for the Modules Construction and Integration of FPSO P-68 (“Contract”).

Sembcorp Industries (Sembcorp) wishes to announce that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR 1410.2 Crores (approximately S$301 million). With this, Sembcorp will become the sole owner of SGI.

Sembcorp Industries celebrated the topping out of Nanjing International Water Hub, its latest technology and business centre in China. Vice Secretary of the Communist Party of China Nanjing Jianye Committee and Mayor of the Nanjing Jianye District Government, Min Yifeng, and Singapore’s Deputy Consul-General in Shanghai, Philip Ong, joined in the ceremony marking the completion of superstructure concrete works for the water hub. The development remains on track for completion in 2018.

Sembcorp Industries posted a net profit of S$174.4 million and a turnover of S$4.4 billion for the first half of 2017 compared to S$193.5 million and S$3.7 billion in 1H2016 respectively.

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