Malaysia Marine & Heavy Engineering (MMHE) with work with an arm of French engineering company Technip creates a new hull engineering company based in Kuala Lumpur.
The new entity, Technip MHB Hull Engineering, will provide conceptual, design engineering and front end engineering & design services to floating structures working on offshore production.
In an announcement MMHE said the new entity would help it to become a more capability-driven organisation, positioning it to become a fully-fledged engineering, procurement, construction, installation and commissioning services contractor.
MMHE, which is 8% owned by Technip, was helped in this quest after it took over the flagship yard of Sime Darby’s Energy and Utilities division earlier this year.
The new entity will be jointly controlled by the two companies, MMHE said.
Published : July 7, 2011