A Nature of Caring Decade of Excellence
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DECEMBER 2012 eppel www.kepcorp.com/ekeppelite Keppel Group Newsletter Keppelite Message from the CEO 3 2012: From strength to strength 18 Grow local, think global 41 DecadeA nature of excellence of caring MICA (P) 041/01/2012 8 14 46 Contents SUSTAINING GROWTH Prepared at all times 37 Producing for offshore Malaysia 6 EMPOWERING LIVES Striking start for Philippine offshore platform 7 Swinging good time 38 Expanding logistics footprint into Indonesia 8 Welcome onboard 40 Customised for Saudi Aramco 9 Balancing act Optimum PRIMUS 10 Grow local, think global 41 World energy champion Cross border exchange 42 Straight talk 11 Making waves 43 World’s best commercial development 12 Appreciation to staff 44 Industry recognition 13 Guts and gumption 46 Delivering on excellence 14 Steadfast spirit 48 Shipshape execution 16 Tasty treat Excelling in investor relations 17 Keppelites Abroad Flavourful experiences 49 From strength to strength in 2012 18 NURTURING COMMUNITIES SPECIAL FOCUS Greener pastures 50 Decade of excellence 26 Pink of health 51 Showcase of strengths at BrasFELS 30 Step up 52 Finest homes in Jakarta 31 Tales of joy Hallmarks of hospitality Sound of music 53 Leading insights 32 Bowling for a cause 54 Boosting Singapore-Philippines ties 33 Spinning to glory Reaffirming strong partnership Deepening ties with China 34 Keppel Volunteers Joyous giving 55 URA showcases Tianjin Eco-City 35 BACK PAGE Raising standards Preferred provider of drilling solutions in Mexico 56 Sustainable solutions 36 Cover image: Nurturing Keppel Offshore & Marine (Keppel O&M) into the next phase of growth are: (from left) Mr Tong Chong Heong, CEO of Keppel O&M; Dr Lee Boon Yang, Chairman of Keppel Corporation; Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister of Finance; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M; and Mr Chow Yew Yuen, COO of Keppel O&M. eppel Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456. Editorial Advisor Wang Look Fung Editor Priscilla Chong Editorial Committee Ang Lai Lee, Casiopia Low, Chan Suan Sim, Cheryl Goh, Ching Youyi, Chua Ying Ying, Clement Lim, Diana Chan, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Gerlynn Cai, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jocelyn Chan, Karin Xiao, Lim Kah Ai, Li Zhen Bei, Lim Xuehui, Lee Chin Siang, Lee Wan Jun, Mohamed Yusof Mohamed, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Woon Pek Yong, Vett Ramos, Yolanda Guo, Yu Zehan Keppelite I December 2012 CO REG NO: 196800351N From the CEO – Shaping the Future As 2013 marks Keppel Corporation’s 45th anniversary, CEO Mr Choo Chiau Beng starts the New Year with a special message for Keppelites. Dear Keppelites, We all enjoy a good story. The Keppel story is 45 years in the making and still growing strong. Keppel has emerged, through many twists and turns, ups and downs, resilient and stronger, every time. Shaping the Future – the theme of our 45th Anniversary is apt as Keppelites continue to craft our story with their multi-faceted experiences in over 30 countries worldwide. Together, we are constantly working We place great emphasis on talent development and leadership nurturance as part of our HR strategies to grow the capabilities of both the t o w a r d s s u s t a i n i n g Group and our employees growth, empowering l i v e s a n d n u r t u r i n g concerted efforts in the sustainable growth, our CHARACTER AS communities wherever right direction have helped sound business strategies BUILDING BLOCKS Keppel is present. the Group to achieve and commitment to deliver Good strategies and record performance and on time and within budget the right opportunities Since 2009, when I increase shareholder put us in good stead to can only take us so far. stepped into the role as value even amidst global capture more value over Beyond that, we need CEO, my top priority has economic turmoil. the long term. committed people to help been to shape Keppel into us flourish in the long run. a stronger Group with We are proud of our Across all the regions At the heart of every great profitable businesses. We record financial results, where we operate, the story are the characters. have since deepened our but numbers are only mainstay of our Near Throughout Keppel’s core competencies and part of the Keppel story. Market, Near Customer history, we have been built new capabilities. What differentiate us are strategy is that we will privileged to have good We have fortified our our people with the deep- continue to work closely people who have diligently multi-business strategy seated desire to deliver with our customers and contributed to the success and financial resilience sustainable value creation partners, to deliver to of the company since its to ride the cycles and to all our stakeholders. their satisfaction and inception. seize opportunities. Our W i t h o u r f o c u s o n expectations. Continues on page 4... Keppelite I December 2012 ...continued from page 3. From the CEO – Shaping the Future Teamwork, above all, structured learning and innovation have enabled continued efforts to defines and fortifies us as development framework us to offer cost-effective advance our technology a Group. As Keppelites, and programmes that are solutions that meet the edge and productivity. we all share in the Group’s tailored to our Group’s evolving and exacting vision and culture of business needs. needs of our customers, As we stretch into passion, integrity and the while distancing ourselves new frontiers such as Can-Do! spirit. Our core As we embrace change from competitors. We developing Arctic and values serve as an enduring and develop ourselves to have set benchmarks – offshore wind technology bond and reference point stay relevant, we continue from our proprietary rig as well as expand into new for Keppelites wherever to place strong emphasis designs and waste-to- territories, we take the we are. on nurturing a sustainable energy solutions to our practical approach that and cohesive cast of future iconic properties. our solutions and services Continued investment leaders and employees to must be adaptive and in talent development steer the Group through Driving our R&D efforts commercially viable. We and training will be difficult landscapes. and technology foresight are confident of achieving key as we build up our further is the Keppel this by engaging and bench strengths in future SHARPENED FOCUS Technology Advisory working in partnership with generations of the Keppel ON TECHNOLOGY Panel, supported by our customers to anticipate team. Through our in- T h i s b r i n g s m e t o centres of excellence. their needs and bring new house Keppel College and another imperative – to The recent restructuring solutions to the markets. Training Centres, we are innovate, improve and of Keppel Offshore & growing the capabilities grow as a Group. Thus Marine’s Technology REACHING of our workforce with a far, technology and Division highlights our NEW LEVELS OF EXCELLENCE Ours is a story authored by diverse hands in different languages, but all carrying the Keppel signature of distinction. Through the years, we have grown and prospered – not by chance, but because we have remained adaptive and rigorous in seeking innovation and productivity enhancements as part of our drive for operational excellence. With increasing global competition, how the plot of our future growth will develop depends on how Keppelites share in the Group’s vision and culture defined by passion, integrity and the Can-Do! spirit creatively we build on our Keppelite I December 2012 successes and continue to harness talent, technology With increasing global competition, how the plot of our and innovation for future growth will develop depends on how creatively competitive edge. we build on our successes and continue to harness talent, technology and innovation for competitive edge. I would like to rally everyone to be involved – I would like to rally everyone to be involved – to ignite to ignite your imagination your imagination and bring new ideas forward. With and bring new ideas initiative and enthusiasm to do things safer, faster and forward. With initiative better, we can all make a difference to write our next and enthusiasm to do things safer, faster and chapter on growth. better, we can all make a difference to write our roots and responsibilities we are further investing Keppelites around the next chapter on growth. to the communities which in systems and training to world, thank you. we are a part of, whose improve our sustainability We must all be spurred aspirations and long-term reporting capabilities and Let us now commit to raise the bar on well-being contribute processes. ourselves to a higher safety – it is a Keppel to the sustainability standard as we start the core value that I cannot and success of our CELEBRATING OUR work of actively shaping overemphasise. We have businesses. CULTURE Keppel’s destiny today. made good headway with Looking back at the Not until the very last our Group-wide safety Building on our tradition past decades of Keppel’s page will we know how a programmes but there is of community service evolution, we can be tale ends, but the sum of more to do as we strive and civic engagement proud of our heritage all our meaningful choices to augment the cultivation will continue to be an and track record.