Australian expansion move for Triyards fails

Singapore: Triyards Holdings, the Singapore offshore and fabrication firm 67%-owned by Ezra Holdings, has announced that its move into the Australian market via the acquisition of a logistics & supply base in Western Australia has been called off.
The site is currently serving as a construction materials and equipment supply base to the offshore oil and gas industry and Triyards proposed to purchase the base at a price of AUD6.75 million with a plan to use the yard as a base to expand in the area of ship repair. [06/01/14]

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