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History of Metalock
Singapore
Metalock began its operations in Singapore in 1959 when Metalock (Far
East) Ltd (MFE) set up a branch in Singapore to specialise in repairs
of marine equipment. These included the use of the Metalocking process,
which is a precise engineering method of effecting cold repairs to cracked,
fractured or weakened machine parts or pressure vessels of cast or forged
metals.
MFE's Singapore branch gradually expanded its operations and by 1965,
had added propeller repairs and piston reconditioning as two specialist
services. Metalock (S) Pte Ltd was incorporated in Singapore as a private
limited company on 25 January 1969 to take over the branch's activities.
It was converted into a public limited company on 16 March 1988.
Over the years, the Metalock Group had evolved through a series of corporate
restructuring, acquisitions and divestitures to maximize shareholders'
value.
The Board of Directors of Metalock Singapore Limited announced that with
effect from 28 April 2003, Metalock Singapore Limited will be renamed to MTQ
CORPORATION LIMITED.
MTQ Corporation Limited
Group specialises in engineering services, and is primarily involved
in oilfield equipment repairs and rental operations. MTQ Engineering
Pte Ltd is the authorised repair workshop for OEMs such Cooper Cameron,
Varco-Shaffer and QVM, and is accredited to carry out manufacturing
and repair works in accordance to American Petroleum Institute standards
6A and 16A. Through its wholly owned subsidiary, MTQ Engine Systems
(Aust) Pty Ltd, the Group is also the leading independent supplier of
turbocharger and fuel injection parts and services in Australia with
a nationwide network of 14 branches. The Group recently divested its
fleet of subsea remotely operated vehicles.
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