KUALA LUMPUR: Serba Dinamik Holdings Bhd, through its wholly owned subsidiary, Serba Dinamik Group Bhd (SDGB), is buying Teluk Ramunia (TR) Yard in Kota Tinggi, Johor from Petronas Asset Sdn Bhd for RM320 million.
In a statement, Serba Dinamik said TR Yard comprises four adjoining parcels of industrial land, with a total land area of 68.78 ha, with industrial buildings comprising warehouses, workshops, fabrication yard and other ancillary buildings.
TR Yard has the capacity to perform steel fabrication of offshore platforms and other structures of up to 50,000 tonnes.
Serba Dinamik group managing director and chief executive director Datuk Dr Ir Mohd Karim Abdullah said the group saw opportunities to expand its engineering, procurement, construction and commissioning (EPCC) capabilities.
He said these opportunities are not only in Malaysia but across the region and Middle East.
"With this agreement as well as other internal enhancements by the company, we trust that we will be able to further expand our capabilities as these facilities will assist in enabling various contract securements, therefore strengthening both our onshore and offshore activities and further improving our value chain in maintenance and EPCC jobs," he said.