Dyna-Mac enters tie-up with JEDCO and Meridian to seek cross-border deals

Singapore two-dollar bills

Dyna-Mac Holdings, via its subsidiary Dyna-Mac Engineering Services, entered a strategic alliance with Joint Efficient Developments Consultancy (JEDCO) and Meridian Marine Industries to pursue projects in Singapore and Canada, it said on Tuesday.

The three-way deal between Dyna-Mac, JEDCO and Meridian cooperate on projects in the onshore and offshore energy, marine and infrastructure sectors in Singapore and Canada, it said in a filing to SGX after the market close on Tuesday.

Dyna-Mac will use its Singapore yard facilities and resources to handle fabrication and construction work outsourced from Canada, it said. That will include its climate-controlled facility in Pandan Crescent for fabricating stainless steel duplex/super duplex piping and other exotic or special materials, it said.

JEDCO will provide strategies to introduce efficient execution models to Canadian customers, jointly working to provide shop drawings, procurement services, fabrication, assembly and pre-commissioning of packages in a cost-effective model to maximize local content in the west coast of Canada, the filing said.

Meanwhile, Meridian will act as the lead on customer engagements in Canada on potential projects and while developing new opportunities, including submitting final proposals to Canadian customers, it said.

Dyna-Mac is a maker of floating production and storage offshore modules for the oil and gas industry, while its subsidiary, Dyna-Mac Engineering Services, specializes in detailed engineering, fabrication and construction of onshore and offshore process modules, marine structures and vessels for the energy, marine, infrastructure and petrochemical industries, it said.

JEDCO is an independent technical services provider, specializing in the international energy, marine and infrastructure sectors, it said.

Meridian Marine is a Vancouver-based ship repair facility, which offers a round-the-clock mobile operation to provide support for various vessel types, it said.

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