will spend RM100mil on the revival project of its recently-acquired Teluk Ramunia (TR) yard in Kota Tinggi, Johor.
The revival project, which is expected to commence in the current quarter is to restore the yard’s operational capability of up to 50,000 tonnes in offshore platform steel fabrications and other structures.
“The revival of the TR Yard’s operations is at the preliminary planning stage and the group has formed a dedicated project management team to oversee the restoration works and yard operations.
“Works to revive the TR Yard’s operations are expected to take up to 24 months and entails, among others, site clearing, setting up of security and perimeter fencing and installation of fabrication-related machineries and equipment, ” according to independent non-executive chairman Datuk Mohamed Nor Abu Bakar in a circular to shareholders last week.
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