Dyna-Mac secures new order at provisional sum of S$114 million from China Merchants Heavy Industry (Jiangsu) Co. Ltd.
Wednesday 4 August 2021
The Board of Directors of Dyna-Mac Holdings Ltd. (“Dyna-Mac” and together with its subsidiaries, the “Group”) wishes to announce that the Group has secured a fabrication project from China Merchants Heavy Industry (Jiangsu) Co. Ltd. (“CMHI”), for a total provisional contract sum of S$114 million.
The contract with CMHI is for the supply, fabrication and construction of topside modules to be executed by Dyna-Mac’s joint venture company (“JVCo”) in China.
The new contract award followd JVCo’s successful completion and loadout of the FPSO
SEPETIBA topside modules is a testament to the JVCo’s win-win partnership in providing a onestop solution, i.e. modules and vessel, for our clients. Beyond the partnership on FPSO topside modules, the Group is also working closely with CMHI to pursue LNG and green energy modules projects.