Destini
 |
| Company type | Sdn. Bhd |
|---|---|
| Industry | Heavy industry Defence Oil and gas |
| Founded | 1991 |
| Headquarters | , |
Destini Berhad is a Malaysian company that involves in heavy industry, defence industry and oil and gas industry.[1] This company was formed in 1991 under the name of Satang Jaya Sdn Bhd. At the beginning, this company involved in the business as a supplier of aviation tools and spare parts from Original Equipment Manufacturers (OEM) to Malaysian government especially for Malaysian Armed Forces.[2] The company first time entry into Bursa Malaysia in December 2005 and in September 2011, Satang Jaya Sdn Bhd changed its name to Destini Berhad as a part of company expansions. Destiny Berhad consist of four divisions which is System Enhancement Resources & Technologies (SERT) for land systems, Destini Aviation for aerospace, Destini Armada for marine and Destini Oil Services for oil and gas.[3][4][5][6]
History
In May 1998, Destini Berhad awarded long-term contract to provide MRO services for Royal Malaysian Air Force (RMAF) equipment under the RMAF Contractorization Programme introduced by MINDEF in 1998. In December 2012, Destini Berhad acquired a 51% stake in Singapore-based Vanguard Composite Engineering Pte Ltd. This marked as the first time Destini Berhad enters in marine industry.
By February 2012, Destini Berhad enters in automotive industry by acquiring a 50% stake in automotive supply, fabrication and service company System Enhancement Resources & Technologies Sdn Bhd (SERT). With this acquisition, Destini Berhad has manufactured and supplied military and commercial vehicles for various government agencies.
Destini Berhad enters in oil and gas industry in March 2013 by purchasing the Samudra Oil Services Sdn Bhd in a contract value RM80 million. This company now known as Destini Oil Services. In June 2015 Destini Berhad enters into aerospace business by acquiring a 80% stake in Safeair Technical Sdn Bhd and also formed the joint venture with UK-based Avia Technique Limited.
In November 2015, Destini Berhad subsidiary, Destini Shipbuilding and Engineering awarded a contract to build six New Generation Patrol Craft (NGPC) namely Bagan Datuk-class patrol vessel for Malaysian Maritime Enforcement Agency (MMEA).[7] In November 2016, Destini Berhad subsidiary Halaman Optima inked a deal to supply six MD-530G light attack helicopter for Malaysian Army.[8] In January 2017, Destini Berhad joint venture with THHE has won a contract to build three Damen 1800-class offshore patrol vessel for MMEA.[9][10]
Divisions
System Enhancement Resources & Technologies (SERT)
This division incorporated in 2009. The main activities of this division is to fabricate, supply and maintenance, repair and overhaul (MRO) of military and commercial vehicles for various government agencies and commercial markets. SERT also manufactured trollies, wagons and road rail vehicles for the rail sector.[11]
Destini Aviation
Provided MRO and Technical Line Maintenance Services for both military and commercial aircraft. Destini Aviation is the holding company of Destini Avia Technique, Safeair Technical, Destini Prima and Halaman Optima.[12][13]
Destini Armada
Destini Armada focus on marine and ship building industry. The group of companies under this divisions includes Destini Shipbuilding and Engineering, Vanguarde, Techno Fibre Group and AMS.[14][15]
Destini Oil Services
This fourth divisions is the oilfield service company that offers products and services in onshore and offshore exploration, development, production and workover programmes for the oil and gas sector. Besides that, Destini Oil Services also provided maintenance services to extend the life of producing wells.[16][17]
Products and services
Source:[18]
Land systems
- Destini Trucks
- Transportable Expandable Cabin (TEC)
- GIRN Vehicle
- Motor trolley
- Bogie Rail Wagon
- Bogie Ballast Hopper
- Road Rail Vehicle (RRV)
- Knuckle Coupler
Aerospace
- Aircraft Maintenance, Repair, and Overhaul (MRO)
Marine
- Vanguarde's Lifeboats
- Vanguarde's Davit Systems
- Vanguarde's twin cylinder, V type 4-stroke diesel outboard engine
- Marine Fire Fighting Equipment's
- Lifeboat Cylinders, Immersion Suits, Life Jackets
- Fire Extinguishers, Fire Alarm System
- Marine Gas Detection System
- Fire Hoses, Couplings, Nozzels
- Hydrant Valves, Rope Ladders
- Marine Safety Equipment Supply
- Pengalang-class boat
- Bagan Datuk-class patrol vessel
- Damen 1800-class offshore patrol vessel
Oil and gas
- Onshore and Offshore service, exploration, development and production for the oil and gas sector
References
- ^ "Home". Destini Berhad.
- ^ "NGPC Contract Changed Hands... - Malaysian Defence".
- ^ "DESTINI - DESTINI BERHAD (7212) : Company Profile". www.bursamalaysia.com.
- ^ https://klse.i3investor.com/m/stock/overview/7212.jsp
- ^ https://www.bloomberg.com/profile/company/DSTN:MK
- ^ https://simplywall.st/stocks/my/capital-goods/klse-destini/destini-berhad-shares/news/should-you-investigate-destini-berhad-klsedestini-at-rm0-19/amp/
- ^ "KM Bagan Datuk Class Patrol Craft". Naval Technology.
- ^ "Destini buys military helicopter company to tap RM321 mil contract with MinDef". The Edge Markets. Retrieved 2020-08-13.
- ^ Samarathisa, Emmanuel (January 14, 2020). "Destini: No new talks with MMEA, to deliver first OPV this year".
- ^ "Milestones".
- ^ "Land Systems".
- ^ "Aviation".
- ^ "Destini Prima gets RM7.9m MinDef contract". The Edge Markets. April 21, 2012.
- ^ "Marine".
- ^ "THHE, Destini bag RM739mil deal to supply offshore vessels to MMEA | The Star". www.thestar.com.my.
- ^ "Destini Oil Services".
- ^ "Petronas hires Destini for well services". October 10, 2019.
- ^ https://www.destinigroup.com/services/