Thursday 18 August 2016

Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”), a subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”), and Eastern Pacific Industrial Corporation Berhad (“EPIC”) have executed a joint venture (“JV”) agreement to establish a JV Company known as MMHE EPIC Marine & Services Sdn Bhd.

The principal objective of the JV Company is to provide world-class repair services of marine vessels which include dry docking repair, refit, refurbishment, maintenance and technical solutions at the ship repair facilities located in Kemaman, Terengganu. MMHE is the majority shareholder with 70% shares and EPIC with 30% shares in the JV Company.

Fully leveraging on the strength of both companies, the JV has the combination of MMHE’s existing expertise in marine and oil & gas services and EPIC’s integrated facilities in Kemaman. MMHE has the capability in ship repairs, dry docking upgrading, conversions, modifications and other shipyard-related business activities and able to provide full engineering, procurement, construction, installation and commissioning (“EPCIC”) for the offshore oil & gas industry.

More - http://www.mhb.com.my/resource/file/press-release/...