SINGAPORE (Apr 28): TTJ Holdings, one of Singapore’s largest structural steel specialists, has secured a few new contracts worth a total of $52 million.
This brings its order book to $191 million.
The projects within the group’s order book are expected to be completed between FY2020 and FY2022.
Due to circuit breaker measures, the group’s workplaces are closed, and workplace activities will resume after the measures, which will be lifted on June 1.
Teo Hock Chwee, group chairman and MD, says, “We are extremely heartened to be able to secure sizeable new projects despite the Covid-19 pandemic, which has dampened most economic and business activities in Singapore.”
“We are taking mitigating measures to ensure that our people are healthy, our operations are strong, and our costs are well-managed. Our solid S$191 million order book as of now will put us in good stead to ride through this period,” he adds.
Shares in TTJ closed at a flat 11.4 cents.
