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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Singapore Technologies Engineering Ltd    S63   SG1F60858221

SINGAPORE TECHNOLOGIES ENGINEERING LTD

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Singapore Technologies Engineering : Halter Marine Unveils New PythonX Plasma Cutter Which Puts the Squeeze on Steel Fabrication

11/10/2020 | 09:14pm EST

Halter Marine President and CEO Bob Merchent presents the company's new PythonX plasma cutter at the unveiling ceremony.

Pascagoula, Miss., Nov. 10, 2020 - As Halter Marine prepares for construction of the U.S. Coast Guard's Polar Security Cutter, the company is acquiring new technologies such as robotic welding machines and the PythonX plasma cutter. Halter Marine unveiled the PythonX at a recent ceremony.

The PythonX will replace the traditional hand-cut method of cutting steel. Now, those parts will be cut via computerized numeric control; the CNC process is driven by our 3D production design models. Bringing in high-tech tools such as these ensures that Halter Marine will be ready when construction on the PSC begins next year, said Bob Merchent, President and CEO of Halter Marine.

'Halter Marine is known for our capability to fabricate and assemble steel vessels extremely efficiently,' he said. 'The Polar Security Cutter will enable us to add yet another unique and specialized capability to our shipyard -- the ability to cut and form extremely thick and high tensile steel into units that will ultimately become the finished vessel.'

This machine will be used to cut sheets of steel used for the PSC's inner bottom, which must be strong enough to withstand polar temperatures and breaking through tons of ice.

'To have this machine in the yard and functioning represents a year's worth of effort by our engineering, production, facilities, supply chain management, project management office and administration departments all joined as a coherent team,' said Kevin Amis, Executive Vice President of Operations. 'I appreciate their hard work and dedication because this investment will pay for itself in man-hour savings on the first ship.'

Previously, cuts were made manually by shipbuilders with acetylene torches.

'Today kicks off the first of many new capital improvements partially funded by the Polar Security Cutter program,' said James Jordan, SupShip's deputy Program Management Representative for the PSC. 'PythonX will perform the profile cuts of the specialized type of steel, able to withstand colder temperatures without getting brittle.'

In addition to the equipment and facilities, Halter Marine is also investing in our workforce. To help develop our future workforce, the company has implemented a U.S. Department of Labor-approved, four-year apprenticeship program. The first group consists of 50 people across five crafts.

'As a multi-year program, the PSC makes us more attractive to future employees and equally important, it will help us retain the highly trained workforce we have today,' Merchent said. 'It's truly an exciting time at Halter Marine. We are expanding our capabilities and our workforce - all the while bringing about a positive impact on Pascagoula and Jackson County through new jobs and community involvement.'

Halter Marine, the marine operations of ST Engineering North America, is based in Pascagoula, Miss., and is a leader in the design and construction of medium-sized ships in the United States. Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels, auxiliaries, and research and survey vessels. Please visit www.vthm.com.

ST Engineering North America is the U.S. headquarters of ST Engineering, a global technology and engineering group, providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems, and marine sectors. Within the US, we have major operations in 17 cities across 13 states and more than 5,000 employees, providing innovative products and services across these diverse market segments.

Media contacts:

Liz Johnson
Marketing and Communications Manager
Halter Marine
Phone: (1) 228.696.6821
Email: corporatecommunications@vthm.com

Guy Shields
Director, Corporate Communications
ST Engineering North America
Phone: (1) 703.399.2769
Email: guy.shields@stengg.us

Disclaimer

ST - Singapore Technologies Engineering Ltd. published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 02:04:00 UTC


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Sales 2020 7 152 M 5 397 M 5 397 M
Net income 2020 518 M 391 M 391 M
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Capitalization 11 684 M 8 791 M 8 816 M
EV / Sales 2020 1,89x
EV / Sales 2021 1,75x
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Sy Feng Chong President, CEO & Non-Independent Director
Chong Seng Kwa Chairman
Serh Ghee Lim Group Chief Operating & Commercial Officer
Chee Keng Foo Chief Financial Officer
Weng Yip Chan Chief Technology & Digital Officer