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MTQ triples earnings, seeks 'steady growth' from the traditional energy business

Bryan Wu
Bryan Wu • 8 min read
MTQ triples earnings, seeks 'steady growth' from the traditional energy business
CEO Kuah Boon Wee says that although MTQ’s FY2023 results are unlikely to be replicated, the company will focus on quality growth and ensuring it continues to deliver on orders / Photo: Samuel Isaac Chua
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Deep in the south of Tuas lies JTC Corp’s Offshore Marine Centre 1 (OMC1), a purpose-built fabrication yard facility for the specific use of the marine and offshore engineering industry.

Operated by JTC subsidiary Jurong Port since 2011, the common user facility serves as a “single stop” to provide companies with shared access to ready-built staging areas and berths for activities such as the fabrication, assembly, maintenance, repair and overhaul of offshore rigs, modules and equipment.

Simultaneously, Jurong Port operates as one of Singapore’s main Free Trade Zones, which means that goods imported and re-exported from within OMC1 are not levied with customs, excise charges, or goods and services tax.

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