SINGAPORE (Dec 27): Yongnam Holdings has secured contracts totalling to $73.4 million in value, including several specialist civil engineering contracts to supply steel struts and strutting components for Temporary Earth Retaining Systems used in infrastructural developments in Melbourne, Australia.
This marks the group’s foray into the Australian market, with the signing of the last Melbourne-based contract worth S$47 million and expected to be completed in Jan 2019.
The remaining contracts are based in Singapore, and are awarded by repeat customers China Construction (South Pacific) Development and PBT Engineering.
