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28-01-2023, 12:17 AM
"Keppel O&M Marks 10 Years of Excellence with Strong Orderbook of S$12 billion
Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned subsidiary of Keppel Corporation Limited, celebrated its 10th Anniversary in 2012 with a strong net orderbook of S$12.2 billion, including S$9 billion worth of new contracts secured year-to-date.
Strong Results
Since 2002, the collective strength of Keppel O&M has delivered strong results. Revenue1 grew three-fold from S$1.9 billion in 2002 to over S$5.7 billion in 2011. For the first nine months of 2012, Keppel O&M has achieved over S$6.2 billion in revenue. Economic Value Added also reached S$992 million in 2011, from S$20.2 million in 2002. These achievements were generated by a global workforce of over 30,000, a significant increase from around 14,000 in 2002.
Mr Choo Chiau Beng, Chief Executive Officer of Keppel Corporation and Chairman of Keppel O&M said, "The past 10 years have proven that this integration strategy is right for us. By eliminating duplication and internal competition, streamlining our operations as well as harnessing synergies and combined strengths, we have maximised value for not only ourselves, but also our customers and business partners. In the process, we have grown from strength to strength."""
Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned subsidiary of Keppel Corporation Limited, celebrated its 10th Anniversary in 2012 with a strong net orderbook of S$12.2 billion, including S$9 billion worth of new contracts secured year-to-date.
Strong Results
Since 2002, the collective strength of Keppel O&M has delivered strong results. Revenue1 grew three-fold from S$1.9 billion in 2002 to over S$5.7 billion in 2011. For the first nine months of 2012, Keppel O&M has achieved over S$6.2 billion in revenue. Economic Value Added also reached S$992 million in 2011, from S$20.2 million in 2002. These achievements were generated by a global workforce of over 30,000, a significant increase from around 14,000 in 2002.
Mr Choo Chiau Beng, Chief Executive Officer of Keppel Corporation and Chairman of Keppel O&M said, "The past 10 years have proven that this integration strategy is right for us. By eliminating duplication and internal competition, streamlining our operations as well as harnessing synergies and combined strengths, we have maximised value for not only ourselves, but also our customers and business partners. In the process, we have grown from strength to strength."""
