Part 2 of my MTQ FY 2011 analysis will focus more on MTQ’s business division performance, and I will comment on how well each division is doing and what it has achieved over the years. Some history will be useful as well if we were to track the growth and fortunes of these two divisions (Oilfield Engineering and Engine Systems) more closely. However, instead of regurgitating the whole nine yards of what happened for each division for the last ten years, I will instead keep it simple by just focusing on the major events which have occurred in the past financial year (FY 2011).
Oilfield Engineering
Needless to say, the main thrust of the expansion drive in Oilfield Engineering Division is the expansion into Bahrain for most of FY 2011. The land size there is 40,000 square metres and is three times the size of MTQ’s premises in Singapore (Pandan ......