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Article: Consolidation of GLC fabricators in the works?

Article from:
New Straits Times
Article date:
May 18, 2009
Author:
Copyright

Sharen Kaur
New Straits Times
05-18-2009
Consolidation of GLC fabricators in the works?
Byline: Sharen Kaur
Edition: Main/Lifestyle
Section: Business Times
Type: Company

THE sale of Ramunia Fabricators Sdn Bhd to Sime Darby Engineering Sdn Bhd (SDE) may spark a major consolidation involving government- linked companies (GLC) in oil and gas offshore fabrication, industry sources said.

The GLCs include SDE, Ramunia Fabricators, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), which is a subsidiary of MISC Bhd, and UMW Holdings Bhd, which is re-examining an earlier ambition to be the main force in the fabrication sector.
It is learnt that officials from one of the GLCs recently held talks ...

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