Page 30 - Neal and Massy Holdings Annual Report 2012

28 2012
The Energyand Industrial Gases Business Unit performed
reasonably well, particularly when, taking into account the relatively
low level of new activity in the oil, gas and petrochemical sectors.
The Business Unit continues to be a leader in Health, Safety,
Security and the Environment (HSSE) performance with a number
of significant milestones once again being achieved in member
companies. Business Development activities continued to be given
priority, and investment decisions with respect to two major projects
are expected to be taken in the 2013 financial year.
Industrial Gases Limited (IGL) had another successful year,
despite the continued general slowdown in the economy, which
negatively impacted the demand for some of its products. A long-
term contract for the supply of nitrogen was signed with Petrotrin.
During this year, the drive intensified to become customer-focused,
to increase export business, and to pursue new business applications.
Trintogas Carbonics Limited (TGCL) also had a successful year
as a result of increased product demand.
NM Petrochemicals Services Limited (NMPSL) had an excellent
year, exceeding budgeted expectations as a result of planned and
unplanned catalyst change-outs at several methanol and ammonia
plants in Point Lisas.
Gas Products Limited (GPL) produced favourable operating
and financial results despite the prevailing weak macro-economic
The top 10 subcontractor companies, which contributed to the achievement
of Neal & Massy Wood Group’s 10 million man hours milestone were
officially recognized at the company’s end of year celebration onDecember
1, 2012, in a formal safety award ceremony.
conditions. During the year, significant progress was made in
implementing the Customer Service Management System, and key
talent-development programmes were executed. In an effort to extract
greater value from the procurement chain, a major capital investment
was made to expand storage capacity. Further growth was realized in
the volume shipped to the Non-Cooking Applications (NCA) segment.
The company had another excellent safety performance within its
operations in the 2012 financial year. However, in November 2012 a
Gas Pro tanker wagon, contracted to an external party to transport
Liquefied Petroleum Gas (LPG), was involved in a tragic accident, in
which a female pedestrian was fatally injured. The incident is being
thoroughly investigated and based on findings from the investigations,
Gas Pro will make any necessary changes to ensure that this does not
happen again.
Caribbean Industrial Gases (CIG) successfully completed a
major plant overhaul during the second quarter. The plant, however,
operated below capacity for the rest of the financial year as the
client’s plant experienced technical problems. The plant is expected
to return to full production early in the 2013 financial year.
Neal & Massy Wood Group Limited (NMWG) continued to be
recognised by its clients for excellent safety performance. This year,
the company achieved over 10 million man-hours without a Lost-
Time Incident, and obtained Safe To Work (STOW) re-certification,
ENERGY & INDUSTRIAL GASES BUSINESS UNIT