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    Singapore's Keppel Corp says yards to merge

    News // October 19, 2001
    Keppel Corporation in Singapore has announced details of the beginning of the long-awaited and much anticipated consolidation of its shipyards.

    The Singaporean corporation says Keppel Hitachi Zosen (KHZ) will merge with Keppel FELS, the rig building and repair arm of Keppel FELS Energy and Infrastructure (KFEI).

    Executive Director Choo Chiau Beng said: "Restructuring KHZ under Keppel FELS will strengthen Keppel's global presence through the combined business and operational network of 12 shipyards in strategic offshore markets and hubs of major sea routes aroundthe world."

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