Sembcorp awards Demin Plant contract to Boustead Singapore

The demineralisation and condensate polishing plant will support Sembcorp’s capacity to provide steam, water and wastewater treatment services.

In a news release, Boustead Singapore Limited announced that its wholly-owned subsidiary, Boustead Salcon Water Solutions Pte Ltd has been awarded a multi-million dollar contract to design, engineer and construct a demineralisation and condensate, or Demin, polishing plant for Sembcorp Industries Ltd, through its wholly-owned subsidiary Sembcorp Utilities Pte Ltd in Singapore.

As part of its water business, Sembcorp supplies potable and industrial water, specialised industrial wastewater treatment, water reclamation and desalination, and a comprehensive suite of effective solutions to meet the water needs of industries and communities.

To be located within Sembcorp’s Banyan Multi-Utilities Facility on Jurong Island, the Demin Plant will support Sembcorp’s capacity to provide an integrated supply of steam, water and wastewater treatment services to its clients in the sector.

Mr Michael Teo, Chief Executive Officer of Boustead Salcon said, “We are delighted that Sembcorp has selected Boustead Salcon to deliver a demineralisation plant as part of their multi-utilities development on Jurong Island. We are confident of employing our strong expertise in water and wastewater engineering – especially for the power industries – to help Sembcorp to expand their utilities offerings to their many industrial clients around the Banyan sector. With this new addition, we have covered five out of the six power generation companies in Singapore and are the top water treatment company for power industry applications in Singapore and regionally. We will continue to look for opportunities to deploy our niche expertise in South East Asia.”

The latest contract raises the Boustead Group’s order book backlog to S$417 million.

The latest contract is not expected to have a material impact on the profitability, earnings per share or net asset value per share of Boustead in the current financial year ending 31 March 2013.

None of the Directors or controlling shareholders of Boustead has any interest, direct or indirect, in the above contract.

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