You are here


Mencast looks to free up space, raise cash

CEO Glenndle Sim laying the blocks for transformation of maintenance, repair and overhaul-focused business; using 'digital twin technology', it stands to release land used to store inventory, divest existing properties and generate cash to pare down loans.

Mr Sim with a remotely operated vehicle used in offshore operations. The company has seen its customers returning to place more orders even with contracting activity slowing drastically in the downturn.

EVEN when facing adversity, Mencast executive chairman and CEO Glenndle Sim does not lose sight of his aspiration - he believes that the small-cap business he inherited from his father has the potential to evolve.

Like many offshore and marine (O&M) players that have tapped debt...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to