05 Dec 2003

SembCorp Marine Contributes $202,250/- In Schoolbag Grants to 1037 Students

Sembcorp Marine Contributes $202,250/- In Schoolbag Grants to 1037 Students

Singapore, December 5, 2003 : SembCorp Marine is pleased to announce that for this year, it will be contributing $202,250/- in SchoolBag grants to a total of 1037 students under its School Book Assistance Grant (SchoolBAG) scheme.

The SchoolBAG scheme, introduced in December 2001 as part of SembCorp Marine’s Community Responsibility and Care Programme aims to assist low-income households with schooling children to purchase school textbooks, uniforms and stationery items at the commencement of each new academic year.

The Scheme involves a yearly one-off lump sum financial assistance contribution to Singaporean students whose families’ combined household income does not exceed $1,250/-, studying full-time in government, government-aided or independent schools at primary and secondary level, junior colleges and centralized institutes.

Working closely with the Ministry of Education, the Company had identified a total of 63 schools in close proximity to SembCorp Marine’s shipyards ― Jurong Shipyard and Sembawang Shipyard – for participation in the scheme.

For this year, the recipients to the SchoolBAG grants include 1006 students from the participating schools and 31 children of employees within the SembCorp Marine Group. As part of the programme, 396 children in Primary 1 to 3 and 372 students in Primary 4 to 5 each received $150/- and $200/- respectively. While 245 secondary school students and 24 junior college and centalised institutes students each received $250/- and $300 respectively. The details of the scheme and the statistical breakdown are attached for information.

This morning’s SchoolBAG cheque presentation ceremony held here in Jiemin Primary School holds special significance as it is the first time that a commercial entity is working in close collaboration with the Ministry of Education and the schools for such a cause. A total of 161 students from Jiemin Primary and Xishan Primary Schools will receive the SchoolBAG grants from the Guest-of-Honour Mr Hawazi Daipi, Parliamentary Secretary for Education and Manpower. The two schools are also joint organizers of this event. For the remaining 876 students, they will receive their SchoolBAG grants through their respective schools’ principals.

Mr Wong Peng Kin, Senior Vice President of Human Resources said “Ever mindful of our role as a corporate citizen with affiliations to a broader community, the SchoolBAG grants reflect our care and commitment to the community and the well-being of the less advantaged. This is reflected in one of our core values.”

For 2002, SembCorp Marine contributed a total of $175,600/- in SchoolBAG grants to 811 students residing in the West Coast GRC, Jurong GRC, Sembawang GRC, Nee Soon Central and Nee Soon East, communities within the vicinity of Jurong Shipyard and Sembawang Shipyard.

About SembCorp Marine

SembCorp Marine, the marine engineering arm of SembCorp Industries, is a leading global marine engineering group specialising in ship repair, shipbuilding, ship conversion, rig construction and offshore oil and gas engineering. Recognised as a world leader in the repair of ships such as Very Large Crude Carriers (VLCC), chemical tankers, container carriers, gas carriers and passenger vessels, SembCorp Marine is also a world leader in the conversion of tankers to Floating Production Storage and Offloading (FPSO) units, Floating Storage Offloading (FSO) units and Floating Production Units (FPU). It has strong capabilities in the construction of rigs and offshore platforms for the oil and petrochemical industries.

SembCorp Marine’s businesses are conducted globally through eight strategically located shipyards around the world. These shipyards operate under distinct brand names and focus their expertise to meet the unique needs of their respective market niches, and to provide clients with the most innovative marine engineering solutions and services worldwide. The shipyards are : Jurong Shipyard (Singapore), Sembawang Shipyard (Singapore), Jurong SML Shipyard (Singapore), PPL Shipyard (Singapore), Karimun Sembawang Shipyard (Indonesia), Bohai Sembawang Shipyard (China), Dalian Cosco Marine Engineering (China) and Maua Jurong SA (Brazil).

For media enquiries, please contact:

Judy Han (Ms)
Vice President
Investor Relations & Communications
Tel No : 6262-7203
Fax No : 6261-0738
E-mail : judy@sembcorpmarine.com.sg

Download Statistical Breakdown of SembCorp Marine’s School Book Assistance Grant (SchoolBAG) 2003