Mencast
Corporate Profile
(Extracted from Annual Report 2011)
Complete MRO Solutions Provider in the Marine and Oil & Gas Industries
Established in 1981, Mencast Holdings Ltd. and its subsidiaries ("Mencast" or the "Group") is a Singapore-based maintenance, repair and overhaul ("MRO") solutions provider. The Group was successfully listed in June 2008 as the first sponsor-approved listing on Singapore's SGX Catalist and later became the first such company to transfer to the SGX Mainboard.
From humble beginnings in a rented workshop at Choa Chu Kang Road, the Group has steadily expanded its business over the last three decades. After becoming an established leader in the manufacture and repair of propellers and sterngear equipment, the Group expanded into the Marine MRO industry. Today, through a combination of organic growth and acquisitions, the Group has transformed into a complete MRO solutions provider catering to the Marine and Oil & Gas industries.
Led by a dedicated and experienced management team, and soon to be operating from new waterfront facilities with 51,353 sqm of land area, Mencast is well on track to achieve its goal of becoming a leader in the Marine MRO industry.
At present, the Group has two business segments, being Marine Services and Offshore & Engineering Services.
Marine Services
Marine Services includes sterngear manufacturing and refurbishment, ship inspection, repair & maintenance services and engineering & fabrication works. This segment includes the business of Recon Propeller & Engineering Pte Ltd ("Recon"), which was acquired in 2009. Recon has a long track record of providing quality propeller repair and modification services to the worldwide Offshore Marine and Oil & Gas industries.
Offshore & Engineering Services
Offshore & Engineering Services includes services such as inspection, maintenance and fabrication of offshore structures as well as engineering and other services related to onshore structures. This segment includes the businesses of three subsidiaries which were acquired over the last year, Top Great Engineering & Marine Pte Ltd ("Top Great"), Unidive Marine Services Pte Ltd ("Unidive"), Team International Development and Team Precision Engineering ("Team Assets").
Top Great is a specialist in the design, procurement, fabrication and installation of structural and precision engineering systems and plants. It also provides skilled professionals and manpower, as well as full turnkey project management of engineering projects. Unidive's provides a full range of topside (rope access) and subsea (diving) services for the Offshore and Inshore Marine industry, particularly in inspections, repairs and maintenance. Team Assets is principally engaged in the manufacturing of metal precision components.