PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) has entered into a memorandum of understanding (MoU) with HD Hyundai Marine Solution Co Ltd (HD HMS).
In a filing with Bursa Malaysia, the group said the MoU was to establish a partnership focusing on marketing and delivering green retrofit solutions, enhancing vessel energy efficiency and reducing environmental impact.
Under the MoU, MMHE will be HD HMS’ strategic partner for green retrofit solutions installation within the regional territory in Southern Asia. The MoU is valid for two years with the option of extending for another two years.
One of the largest conglomerates in South Korea, HD Hyundai is engaged in shipbuilding, heavy equipment, machinery and the petroleum industry. A subsidiary of HD Hyundai, HD HMS operates as an engineering service company and offers ecological friendly solution development, smart solution utilising information and communications technology and power plant services.
MMHE is majority-owned by MISC Bhd, which is in turn controlled by Petroliam Nasional Bhd.
