TTJ order book hits $170 mil with new contract wins

TTJ order book hits $170 mil with new contract wins

Michelle Zhu
24/11/17, 06:00 pm

SINGAPORE (Nov 24): TTJ Holdings says its order book has expanded to $170 million from $152 million recorded on Sept 25 after factoring in the latest series of contract wins. 

In a filing after the market closed on Friday, the structural steel specialist says the new contracts involve the supply, fabrication and installation of structural steelworks to various projects.

These comprise steelworks for an integrated construction and prefabrication hub; a second contract for Phase 2 of a building project at Jurong West, which is a follow-up contract from Phase 1 secured in 2015 from the same client; as well as additional orders under the Mandai Depot project.

Looking ahead, TTJ’s chairman and managing director Teo Hock Chwee says he sees ample opportunities in the market, especially in the field of public infrastructure construction – and tha the hopes to the momentum is sustained in the group’s order book building.

“We are very encouraged by this set of contract wins as they include additional orders from an existing client, which is a testament to the quality of work the group delivers and the trust our clients place in T T J. We aim to be a reliable partner in the projects we work on and will continue to build on our reputation as a preferred structural steelworks provider in the market,” says Teo.

Shares in TTJ closed flat at 37 cents on Friday. 

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