TOYO India and OFS Singapore team up to establish Global Capability Centre in
Bengaluru, IndiaOct. 3, 2024 Toyo Engineering India Private Limited
October III 2024, India –
Toyo-India is incredibly thrilled to unveil a strategic alliance between Toyo Engineering India
Private Limited (TOYO-I) and Offshore Frontier Solutions Pte. Ltd.* (OFS-S) to establish a
state-of-the-art Global Capability Centre in Bengaluru, India, designed to drive excellence on a
global scale.
“Offshore Frontier Solutions Pte. Ltd.
is a joint venture company formed by MODEC Inc. and Toyo Engineering Corporation in 2022 for the
Engineering, Procurement, Construction and Installation (EPCI) business of Floating Production,
Storage and Offloading (FPSO) vessels.”
“Toyo-I is
leading EPC contractor in India with nearly 5 decades of experience in execution of Projects in
the field of Oil & Gas, Refineries, Petrochemicals, Fertilizers, Chemicals, Cryogenic, Food
processing, Specialty projects, Floating Production & Storage (FPSO), Synthetic Rubber, Green
Energy & Solar.”
This new entity formed as a joint venture
between TOYO-I and OFS-S
-
TOYO MODEC OFS India Private Limited
(OFS-I) -
marks a new chapter in innovation and
collaboration.
OFS-I will operate exclusively with OFS-S to deliver Front End
Engineering & Design (FEED), Detailed Engineering and Procurement support service. These endeavors
will focus on the topside of Floating Production Storage Offloading (FPSO) and Floating Storage and
Offloading (FSO) projects ensuring high quality, efficient execution, setting new standards in
offshore engineering.
OFS-I expects to commence operation in Bengaluru around April
2025.
Establishment of Global Capability Centre through this joint
venture reflects Toyo’s commitment to pursue fresh avenues for expansion and success.
Our objective is to deepen our regional presence enhancing our
capabilities for continuous growth.
The global collaboration will enable us to deliver exceptional
service through Global Capability Centre and meet our customers’ needs with highest standard of
excellence.
Share Holder Agreement sign off, from L to R →Mr. Kiyotake Nitta (OFS-S - Head of Commercial Governance) , Mr. Umesh
Durgadmath (Toyo-I Legal Head), Mr. Shantanu Gupte (Associate Director -Projects), Mr. Takashi
Kawahara (Toyo- I – Managing Director), Mr. Soichi Ide (OFS-S President & CEO), Mr. Morino (Toyo-J
- Senior Executive), Mr. Keita Sato (OFS-S – Commercial Manager) and Mr. Salil Gadkari (Toyo -I
Finance Head)