Company briefs: Hyflux

Hyflux

Water treatment firm Hyflux has obtained a new five-year loan that will replace the existing five-year US$200 million (S$270 million) loan due for repayment in July.

The new multi-currency loan comprises a revolving credit line.

The company yesterday said it will also use the proceeds to finance its investments in projects and for working capital.


Cosco Corporation

A unit under Singapore-listed Chinese shipbuilder Cosco Corporation has delivered a livestock carrier to its European buyer, the firm said yesterday.

This the the sixth livestock carrier Cosco has built for Dutch company Vroon. The carrier has a cargo capacity of around 4,600 sq m, or around 4,000 head of cattle. It is fitted with animal-welfare facilities and has been designed to save fuel, said Vroon on its website.


NauticAWT

Catalist-listed NauticAWT said it plans to buy a plot of freehold land and a factory in Johor Baru. The 0.66 ha site and 6,600 sq m factory will cost the offshore engineering firm around RM18 million (S$6.24 million).

The acquisition will be made through its wholly owned subsidiary Nautic Materials, the company announced yesterday. Nautic Materials now rents the factory to produce a range of materials for subsurface, subsea and surface applications in the renewable energy and oil and gas industries. The firm said the acquisition will allow it to have more control over its production and provide long-term cost savings and security of tenure.

A version of this article appeared in the print edition of The Straits Times on April 05, 2016, with the headline 'Company briefs: Hyflux'. Print Edition | Subscribe