Listing ID: 13179
Last Refreshed: 07/05/2019
Total Views: 7191
Precision Machining Shop For Takeover (Oil & Gas Industry)
Asking Price: S$500K - 1M
Reason For Sale
Director retiring from business, may consider joint venture
Founded in 1990.
Evolving from electrical & maintenance works to precision tooling & metal stamping and finally set foot on precision machining (Since 1999). Exposure to semi-conductor, precision tooling, computer equipment, automotive, military components, aerospace and oil and gas sectors have made us versatile to achieve every customer expectations.
Under oil & gas industry, we have built our reputation to provide quality products to our customers and we are formally known as their approved machining vendor. They are Weir Oil & gas (fka Aker Solution Surface / KOP surface), Dril-quip Asia Pacific and recently under TechnipFMC.
On 23 Feb 2016, we are certified under API Q1. And on December 2017, we are re-certified under ISO 9001:2015 standard.
3 units of 3 axis vertical CNC milling, 2 units of 5 axis vertical milling, 1 unit of 4-axis horizontal milling, 9 CNC lathe, 3 surface grinding machine, 1 conventional milling and 2 lathe.
We experienced lots of competition during the boom days as most of the competitors have exit this industry or diverse to other industry. We expect we have an advantage when the oil market start to pickup.
Currently due to the downturn of oil & gas industry since early 2015. The worst downturn has passed and we foresee upwards trend will be returning by end of 2018. And it may reach back or surpass same capacity and volume of orders which we experienced when oil reach $100.
3 leased HDB units
Yes, it can relocate to other place