Baker Technology LimitedAnnual Report 2014
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RECOGNITIONANDAWARDS
Baker Tech was once again an award recipient at the
SingaporeCorporateAwards in 2014 for the sixth year
ina row. TheCompanywasawarded theBestManaged
Board (Gold) awardand theBestAnnual Report (Silver)
award in the under $300 million market capitalisation
category in recognition of our steadfast commitment
towards excellence and best practices in corporate
governance.
DRIVINGMOMENTUM
We made great strides with Baker Engineering in
2014, growing the organisation, developing in-house
engineering capabilities and setting up new yard
facilities. We are therefore pleased to have been able
to announce the completion of the design for the
BEL320-4R200S Liftboat in 2014. This liftboat design
is the first in a series of liftboat designs createdbyBEL
Design Pte. Ltd., Baker Engineering’s wholly-owned
design subsidiary. Each design addresses a different
need in the offshore sector. Construction for our
first liftboat has also commenced with a strike steel
ceremony at Baker Engineering’s yard in November
2014 followed by keel lay in February 2015. We are
excited about the next 12 to 18months as we see the
business develop andgrow.
Sea Deep continues to perform well, completing orders
won in 2012 and 2013 and replenishing orders in 2014
despite difficult market conditions. Sea Deep’s strong
capabilities in fabricating niche critical components for
drilling rigsallowsSeaDeep tocompete in relatedoffshore
segments thusprovidinga larger clientandproductbase.
