Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 15 CHAIRMAN’S MESSAGE (CONT’D) Frontken has been the service provider in the maintenance and repair activities in the oil & gas industry for more than two decades now. To date, the Group’s engineering division captures a wide and growing set of support activities such as providing extensive technical solutions, machining and fabrication, skilled manpower supply, and specialised coating amongst others. Our engineering team have always played a pivotal role in driving our capabilities in this segment. We leverage on the skills and many years of experience that we have to expand our capabilities and services to meet the needs of our existing customers. Though our business in this sector is not always easy, we believe that our broad range of specialised skills and the continued support we provide to our customers through ups and downs allow us to stay as their preferred supplier at all time. Given the momentum we are seeing in recent months, we believe our engineering business will pick up further throughout 2022 barring any unforeseen disruptions in the oil & gas sector. TTES Frontken Integrated Services Sdn Bhd, Malaysia - FY2021 was a much busier year for our oil & gas business in Malaysia with execution of various umbrella contracts for provision of manpower supply and mechanical rotating equipment services and parts that we have with the Petronas Group of Companies. Despite sale price pressure from stiff competition and additional costs associated with COVID-19 lockdowns, SOPs compliance, flash floods, and supply chain disruptions, we achieved a much improved revenue and bottom line from efforts in leveraging on our cash reserves, technical strengths and increased joint business partnerships with our suppliers. Hydraulic Installation Works Quick Deck Support Services Turbine Supervisory Instrumentation Rope Access activity
RkJQdWJsaXNoZXIy NDgzMzc=