Serba Dinamik buys Teluk Ramunia yard from Petronas for RM320mil

KUALA LUMPUR: Serba Dinamik Holdings Bhd has acquired a fabrication yard in Teluk Ramunia from Petronas Nasional Bhd (Petronas).

The acquisition, Serba Dynamic said, provides the company with the opportunity to venture into the marine and offshore services segment, leveraging on its close proximity to Petronas' refinery and petrochemical integrated development (Rapid) project in Pengerang.

In a filing with Bursa Malaysia today, Serba Dinamik said it has entered into a deal with Petronas Asset Sdn Bhd to acquire the 68.8 hectares land and industrial buildings in Teluk Ramunia for RM320mil cash.

The yard has the capacity to perform steel fabrication of offshore platforms and other structures of up to 50,000 tons.

The yard, Serba Dinamik said will qualify the group to participate in various sizeable prospects such as decommissioning work, offshore transport and installation (T&I), integrated hook-up and commissioning (i-HUC) services, top side maintenance etc.

"It will also support the group on its global offshore projects from the countries within the region which are in need of services that require sea frontier yard and facilities," Serba Dinamik said.

Petronas had acquired the yard from Sime Darby Bhd in 2012.

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