Dyna-Mac forms alliance with JEDCO and Meridian
Singapore’s provider of engineering, fabrication, and construction for oil & gas industry Dyna-Mac has entered into a strategic alliance with Joint Efficient Developments Consultancy (JEDCO) and Meridian Marine Industries.
Dyna-Mac said on Tuesday it had entered into the tripartite collaboration through its subsidiary Dyna-Mac Engineering Services.
The company added that the collaboration between the three companies would allow and promote a wider pursuit of cross-border cooperation and solutions to support growth opportunities for projects in the onshore and offshore energy, marine and infrastructure industry sectors in Singapore and Canada.
Dyna-Mac will provide the use of its Singapore yard facilities and skilled resources to support fabrication and construction works outsourced from Canada. In particular, Dyna-Mac will capitalize on its climate-controlled facility in Pandan Crescent for the fabrication of stainless-steel duplex/super duplex piping and other exotic/special materials.
JEDCO will provide a short-term strategy to introduce an efficient execution model to Canadian customers, with joint efforts in the provision of shop drawings, procurement services, fabrication, assembly, and precommissioning of packages for the onshore and offshore energy, marine and infrastructure industry sectors.
Meridian will act as the principal lead on all customer engagements in Canada on potential projects and during new opportunity developments through to compilation and submittal of the final proposal to Canadian customers.
Meridian will also act as the overall local representative in West Coast Canada, and together with JEDCO, liaise with Canadian customers on pre- and post-proposal submittal matters.
Dyna-Mac said that the tripartite collaboration was not expected to have any impact on the company’s earnings, earnings per share, and net tangible assets for the year ending December 31, 2018.