Tiong Woon Corporation BQM has won a contract from Takenaka Corporation for the proposed erection of a new manufacturing facility at Pasir Ris Industrial Drive 1.
The contract, which was secured by Tiong Woon’s wholly-owned subsidiary, Tiong Woon Crane Pte. Ltd, includes integration works with additions and alterations to existing blocks at the facility.
The scope of work includes the supply of cranes, provision of heavy lifting services, and providing engineering expertise and project management services throughout the project, says the group.
The project will begin in the 2HFY2023 ending June 30 and is expected to be completed by October. It is expected to contribute positively to the group’s revenue for the FY2023 and FY2024.
“We are delighted to have been awarded this contract for the construction of the new manufacturing facility – it is a testament to our team’s commitment to providing high quality engineering and construction services. We look forward to working with all stakeholders involved to ensure that this transformation project is completed on time and within budget,” says Ang Guan Hwa, executive director and CEO of Tiong Woon.
Shares in Tiong Woon closed flat at 47 cents on Feb 21.
