Wah Seong Corporation Berhad Annual Report 2017

FROM THE BOARD OF DIRECTORS AND KEY SENIOR MANAGEMENT WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 21 RENEWABLE ENERGY (“RE”) Discussion of strategies, operational capabilities to achieve the desired business objectives and results Recovery in the process equipment market for Palm Oil industry in the second half of the year, saw an increase in demand for the products and services for RE segment. During the year, RE recorded a 60% increase in sales of turbines and boilers compared with the previous year. Its Teluk Panglima Garang fabrication yard also executed a number of projects which included fabrication of HDPE Plant for Italian engineering group, Maire Technimont SpA for the RAPID project, fabrication of reactors for the world’s first Biobased chemical manufacturing plant for Sime Darby Plantation Berhad in Nusajaya, Johor and fabrication of columns, reboilers and pressure vessels for Heng Yuan Refining Company in Port Dickson for the Euro 4 Project. This raised the yard utilisation rate by 50% compared with the previous year. MANAGEMENT DISCUSSION AND ANALYSIS