TTJ announces $166 mil order book on new contract wins

TTJ announces $166 mil order book on new contract wins

Michelle Zhu
22/05/17, 05:58 pm

SINGAPORE (May 22): TTJ Holdings has announced an order book of $166 million as of today.

In a Monday aftermarket filing to the SGX, the structural steel specialist says its latest order book was lifted by several new contacts which it has secured for undisclosed sums – including a second contract for the supply, fabrication and installation of structural steelworks for the Methionine Plant in Jurong Island for the same existing client. 

The group was also awarded the contract to supply, fabricate and install structural steelworks for the East Coast Integrated Depot, which TTJ says is set to be the world’s first four-in-one depot for rail and bus, in addition to another contract for the Mandai Depot.

“We are proud to have won these projects which we view as a strong validation of TTJ’s track record and reputation for quality work. Given the increasingly competitive market we face, securing these contracts is an encouraging achievement for us. We hope this will translate into better returns for our shareholders,” says TTJ’s chairman and managing director, Teo Hock Chwee.

“As public infrastructure construction demand remains well-supported, we will continue to pursue more opportunities out there to boost our order book.”

Shares of TTJ closed flat at 38 cents on Monday. 

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