CFA Society Singapore
SINGAPORE (July 3): Acromec, the specialist engineering provider, has secured three new contracts amounting to about $6.2 million.
The first contract is for additions and alterations to a new endoscopy suite at a medical centre for a repeat customer in the healthcare industry. The project will be carried out in two phases and is expected to be completed by the end of FY18
In a media release on Tuesday morning, the group says, “The growing healthcare industry will continue to be our area of focus. Barring unforeseen circumstances, it will provide us opportunities, as this industry is supported by infrastructure spending by both the public and private sectors so as to cater to the needs of our ageing population in Singapore.”
The second contract the group won is by a multinational corporation customer in the human and environmental health sector. In this project, the group will undertake the process engineering works and also provide furniture for its testing, showcase and research laboratory facilities.
This will be a fast paced three-month project and is expected to be completed by the end of FY18.
The third contract has been awarded to the group as the nominated sub-contractor for the fitting out of a cleanroom that complies with Good Manufacturing Practices standards for a biomedical company in the pharmaceutical industry.
The group expects this contract to be completed by 1Q19.
Including all these three contracts, the group’s order book now amounts to about $18 million.
Shares in Acromec closed at 19 cents on Monday.