Dyna-Mac Holdings Ltd. announced it had secured a long-term lease of a land parcel measuring 4.2 hectares along Gul Road from JTC. This new site will provide additional fabrication capacity for current and future projects. The new site, which is in close proximity to Dyna-Mac's main module assembly facility along Gul Road, offers the Group the strategic opportunity to reorganise its yard capacity.

The new yard allows the Group to centralise the location of all its facilities at Gul Road, and eventually increase its total waterfront length to more than 400 metres along this stretch. This enables Dyna-Mac to improve efficiency of its logistics networks, intensify land use by reconfiguring workshops and module assembly areas, as well as increase overall productivity levels. The Group's existing yard leases along Gul Road have concurrently been extended till 2050.

As part of the strategic reorganisation of the Group's facilities, Dyna-Mac will return its Pandan Crescent yard to JTC within five years from lease commencement of the new yard. The development of the new yard, which will be installed with solar panels to provide green sources of energy, will also prepare the Group for its move into exotic piping construction for CCS and green hydrogen/ammonia production modules. Yard development will be undertaken in phases, and timed to meet project requirements.

Capital expenditure will be fully funded through internal cash resources. Dyna-Mac is confident that the new site will enhance the Group's position to meet the demands of its current and future orders. The Group remains encouraged by the strong level of inquiries received for projects.