ABOUT THAI ROTARY
Thai Rotary Engineering Public Co., Ltd. (“TREL”) was established in year 1993 through the joint venture between a local Thai contractor and a Singapore registered parent company, Rotary Engineering Limited (“REL”). TREL is a leading engineering, procurement and construction (“EPC”) company specializing in the bulk storage terminal projects
including its process related facilities and also the mechanical fabrication services for the petrochemical, pharmaceutical, and oil & gas industries in both the local and regional markets.
REL is one of the region’s largest engineering, procurement, construction and maintenance (“EPCM”) partner to the oil and gas, petrochemical, petroleum and pharmaceutical industries. REL was public listed on the Main Board of Singapore Exchange since July 1993.
Our TREL impressive portfolio of completed projects is the testament to our clients’ confidence both in us as an organization that can deliver and in our all-encompassing EPC solutions-from tank construction and engineering of pipes to building electrical and temperature control systems.
At TREL, we partner our valued clients in their success, and this comes through in the unique way that we work. We primarily use our own in-house construction teams of employees so as to maintain complete control and responsibility over our work. Our construction team is fully employed by us under the close supervision of our expertly trained staff across the region. For us, safety and quality controls are of paramount importance and we can only achieve these if we know each and every team member. By harnessing traditional knowledge and know-hows, coupled with our innovative alternatives and optimized use of technology, we deliver our obligations to our clients with safety, quality and productivity excellence.
Today TREL has over 1,200 employees and we operate within the region including the Middle East countries. With pride and dedication, we will continue to provide unrivalled project management, intelligent solution implementation and extensive support to all our clients region wide.
Our Rotary logo says it simply and clearly - Smart thinking, Safe hands equate to solutions that are intelligent, innovative and reliable. TREL stands for outstanding services and safe construction. Our clients know that they are in the right hands.
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CHAIREMAN’S MESSAGE 2015
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In 2015, we saw the continued decline of the Brent crude oil benchmark price from its peak of US$110 per barrel (June2014) to US$38 per barrel as at 31 December 2015. This decline in oil price caused repercussions in the oil and gas sector, as oil majors and national oil companies reduced capital expenditure and operating expenditure to cope with the consequent fall in revenue. However, the sharp decline in the crude oil price caused a contango situation in the futures market, pricing oil for future delivery at a premium to oil for immediate delivery. This situation, based on the fundamental view that energy demand by growing emerging economies remains sound, caused a rush to store oil for future delivery. As a result, tankages at onshore terminals were filled to capacity and offshore floating storage had to fill the gap in storage demand and supply. While some plans for new terminals were put on hold, there were also farsighted parties that started plans to build more storage, in anticipation of the eventual upturn.
BUSINESS DEVELOPMENT
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ENGINEERING
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PROCUREMENT & LOGISTICS
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Our one-stop solution provides 3rd-party logistics and warehouse management for bulk materials, engineered equipment and spares
CONSTRUCTION
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HEALTH, SAFETY AND THE ENVIRONMENT (HSE)
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QUALITY ASSURANCE & QUALITY CONTROL (QA/QC)
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