Tri Ocean Engineering Ltd. acquired by Toyo Engineering Corporation, Japan.
On October 4, 2010, Toyo Engineering Corporation (Mr. Yutaka Yamada, CEO) of Chiba, Japan, completed its acquisition of ASRC Energy Services Tri Ocean Engineering Ltd. of Calgary, Alberta, Canada, from ASRC Energy Services Ltd., a subsidiary of Arctic Slope Regional Corporation of Anchorage, Alaska, USA. Toyo holds 100% of the shares of ASRC Energy Services Tri Ocean Engineering Ltd.
Tri Ocean currently provides engineering, procurement, and project management services to local energy companies in the upstream energy industry. The company has been in business since 1976 and has an impressive history of domestic and international accomplishments. It currently employs 120 people and markets to the upstream sector of the global oil and gas industry, with an emphasis on engineering conventional oil and gas facilities in Western Canada and large module facilities for the Arctic. Tri Ocean specializes in conceptual studies, preliminary engineering and front-end engineering design, and detailed engineering.
Toyo Engineering operates in many diverse sectors, including energy, oil refining, petrochemicals and chemicals, oil and gas development, and infrastructure. It offers project management, comprehensive integrated engineering technologies, high-tech application capabilities, advanced global networking, and worldwide alliance capabilities. Toyo Engineering is a publicly traded company employing approximately 4000 people in 15 countries. The company responds to client needs on a global scale by taking full advantage of the Global Toyo network and provides optimum solutions for projects with respect to quality, schedule and cost, health, safety, security, and environment.
For Toyo, the Tri Ocean acquisition contributes to the company’s continued growth and aims to establish a Calgary-based center of excellence for Canadian and international heavy oil and Arctic developments by combining Tri Ocean’s reputation and unique cold-weather expertise with Toyo’s global network and comprehensive engineering capabilities. Toyo intends to expand its business activities in the oil sands and non-conventional gas development sectors and to provide oil and gas production engineering services in remote areas such as the Arctic and other similar environments.
National Quality Institute's Canada Awards for Excellence
In October 2009, Tri Ocean was recognized for its commitment to quality and its unflagging efforts towards continually improving service delivery standards. Tri Ocean has received the Gold Canada Award for Excellence and is the first EPCM company in Canada to become a recipient of the National Quality Institute's Canada Awards for Excellence.
Following is an excerpt from the award notification from the National Quality Institute:
" … A tremendous amount of hard work and commitment was required for your organization to become a recipient of Canada's top recognition program for organizational excellence. In meeting the rigour of the criteria as set out in the Canadian Framework for Organizational Excellence, your organization has demonstrated that it is one of the best in Canada. We commend you on your great success!"
Allan Ebedes
President & CEO
National Quality Institute