Sunseap announces the completion of its project with Mencast Holdings

Listed in June 2008, regional maintenance, repair and overhaul (MRO) solutions provider for the global Offshore, Marine and Oil & Gas sectors, Mencast Holdings Ltd recently unveiled its 865 kiloWatt peak (kWp) facility at 42B Penjuru Road, and 440 kWp facility at 42E Penjuru Road.

The newly installed solar systems not only serves as a green alternative to Mencast’s current source of energy, but it also adds value to the facility.

The initiative allows Mencast to do its part for the environment and at the same time, allow it to meet the Corporate Social Responsibility (CSR) best practice objectives outlined in the Singapore Exchange’s (SGX) sustainability reporting guidelines.

Aside from the newly installed solar systems, the list of environmental initiatives that are currently in place at Mencast include eco-friendly sourcing of materials and the use of green processes in its daily operations. Mencast’s efforts did not go unrecognised.

In 2013, Mencast was recognised as Channel News Asia’s Luminary of Innovation and was named “Top Company to Work for in Asia” at Asia Corporate Excellence & Sustainability Awards in 2014.

Mr Frank Phuan, Director of Sunseap remarked, “Mencast is taking an important step to be one of the pioneer listed companies to take action towards building a more sustainable Singapore. Solar leasing is growing in populararity as one of the go-to measures to reduce carbon emissions and also as a means of diversifying the energy sources in the market. Sunseap strongly believes that Mencast’s initiative will encourage other listed companies to commit their efforts to sustainability measures.”

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About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through 3 key units; Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions to ride on the global growth in adoption of Solar Energy. Energy provides clean energy solutions utilizing off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets.

About Mencast Holdings Ltd.

Mencast Holdings Ltd. and its subsidiaries (“Mencast” or the “Group”) is a regional maintenance, repair and overhaul (“MRO” solutions provider for the global Offshore, Marine and Oil & Gas sectors. Headquartered in Singapore, the Group was successfully listed in June 2008, as the first sponsor-approved listings on Singapore’s SGX Catalist and later became the first such company to transfer to the SGX Mainboard.

From its establishment in 1981, the Group grew into a leader in the manufacture and repair of propellers and sterngear equipment and has built on its core competencies to steadily expand business over the last three decades. Today, through organic growth and acquisitions, Mencast has transformed into a comprehensive MRO solutions provider catering to the global Offshore, Marine and Oil & Gas industries.

For media enquiries contact:
Sunseap Group Pte Ltd
Tel: (+65) 6602 8086

Mencast Holdings Ltd:
David Leow
Chairman of Corporate Strategy and Communications Committee, Board of Directors
Tel: (+65) 6268 4331

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