New Order Win Of S$180 million Brings Dyna-Mac’s Net Order Book To Record S$641.1 million
Wednesday 4 May 2022
Dyna-Mac Holdings Ltd. is awarded a firm contract with a provisional sum of S$180 million from a longtime repeat customer.
The contract was for the construction of Topside Modules for a Floating Production Storage Offloading (FPSO) vessel. Work on the Topside Modules will commence in 4Q 2022 with completion scheduled for 1Q 2024.
Mr Lim Ah Cheng, Chief Executive Officer & Executive Director of Dyna-Mac said “We are honoured that our longtime repeat customer has chosen to partner us for the construction of the FPSO Topside Modules. This is testimony of our ability to execute and deliver our projects on-time, on budget and in stringent compliance with safety, security, health and environment standards.”
Including the new order win, the net order book to-date stands at a record high at S$641.1 million with deliveries stretching into 2024.
The new order is not expected to have a material impact on the Group’s earnings per share and net tangible assets for the current financial year ending 31 December 2022.