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Shipyard has reported an 18.3 per- cent jump in pre-tax profits to $3.9 million for the first nine months of 1996, compared to $3.3jnillion for the same period in 19£ The yard has als^r reportec enues reaching million. The improvement Ms been due to an increase in sjiip repair work on local vessels/it Keppel's Batangas Shipyard. /Earlier this year, the yard sold/ts 20,000-dwt floating dock to /Singapore's Singmarine Dockyam and Engineering for $3 millionjas part of a rationalization prograr Two F^c Eastern companies have expressed\an interest in the Eastern Gern^an shipyards former- ly belonging t\ bankrupt Bremer Keppel Enhances Group Companies With Name tihange The Keppel Group has embarked on a corporate identi- ty program aimeyat optimizing its name to enhance the market positions of its/iajor companies. For the first g&ep of this process, six of the group's major listed companies m Singapore and the Philippines will be renamed. Property \ieveloper Straits Steamship Land Ltd. (SSL) will be known as Keppel Land Ltd., Singmarine Industries Ltd. will rename itself Ketopel Marine Industries Ltd. ancl Steamers Maritime Holdings \Ltd. will become \ Keppel Telecommunications \ & Transportation Ltd. JKeppel T&T). In addition, Fail East Levingston Shipbuilding Ltd. (FELS) plans to beccrfne known as Keppel FELS lYd. In the Philippines, Kepj^il Shipyard Inc. will be repamed Keppel Batangas Dodfyard Inc., and Cebu Shipyaip & Engineering Works Inc. v\ll be known as Keppel CebuV Shipyard & Engineering Inc: "This exercise \ intended to benefit companies \ the Keppel stable, especially iiXour move into new markets overeeas. We want our companies t<\ride on the Keppel name in theiAgrowth as we are committed to expand our businesses in] the Philippines," commentejfl Sim Kee Boon, chairman of/holding company Keppel Cor/oration Ltd. February, 1997 Vulkan Group, MTW Schiffswerft in Wismar and Volkswerft Stralsund, Stralsund. Another Far Eagi^'R "1 expanding^^fTto the North fn scene is Malaysia's Penang Shipbuilding, which has taken a 48 percent stake in Denmark's troubled Danyard facil- ity. The investment is worth approximately $100 million. South Korean industrial con- iloroerate Hanbo Group is consid- enfi^Tn i lin;, 1 I I iHTmina^^fai^ building and repair facility in the Philippines. This was announced by the Philippine Board of Investments (Bol), a government agency tasked with promoting the Philippines as a investment site and providing tax incentives to pri- ority industries. According to Bol's Officer^ Angie Cayas, Hanbo is in the process of looking for an ideal site for the labor intensive project which is expected to generate 20,000 jobs. Land Earth Stations and Mobile Terminals Since Inmarsat began to offer satellite communications between ships at sea and the international telephone and telex networks more than a decade ago, Nera has been the leading manufacturer of Inmarsat technology. Nera has designed and built nearly forty per cent of all Land Earth Stations in the Inmarsat system. About 8,000 Mobile Earth Stations of the Saturn family have been commissioned on ships and on land. Nera is the world's leading supplier of Inmarsat Land Earth Stations and Mobile Terminals. Saturn - 8,000 units on ships and on land <0$ Nera AS Satcom Division Bergerveien 12, P. O. Box 94, N-1 361 BILLINGSTAD, Norway Tel.: +47 66 84 47 00. Fax.: +47 66 84 46 21. Telex 71 721 umeb n NERR TELECOMMUNICATIONS Circle 200 on Reader Service Card