21 OCTOBER 2014www.straitstimes.com
Singapore-listed Triyards acquires aluminium shipbuilding company
Edited by : AL CIRCLE
1 min read
Mainboard-listed Triyards Holdings, an offshore vessel fabrication and engineering solutions provider to the oil and gas industry, said it has added new capabilities, products and clients with its A$23.3 million (S$25.97 million) acquisition of shipbuilding and fabrication companies, Strategic Marine (S) Pte Ltd and Strategic Marine (V) Co. Limited (collectively termed Strategic Marine).
Strategic Marine has been building aluminium and steel vessels as well as complex aluminium and steel structures for the marine infrastructure and mining sectors for over 10 years, Triyads said in a statement on Monday.
Strategic Marine has two yards - one in Vung Tau, Vietnam, and the other in Singapore - with a total area of 158,648 metres.
Strategic Marine's Vietnam yard is also strategically sited very close to Triyards' existing Vung Tau facility and offers operational synergies and room for growth.
Strategic Marine has been building aluminium and steel vessels as well as complex aluminium and steel structures for the marine infrastructure and mining sectors for over 10 years, Triyads said in a statement on Monday.
Strategic Marine has two yards - one in Vung Tau, Vietnam, and the other in Singapore - with a total area of 158,648 metres.
Strategic Marine's Vietnam yard is also strategically sited very close to Triyards' existing Vung Tau facility and offers operational synergies and room for growth.
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