TTJ secures $35m in contracts

Romesh NavaratnarajahMay 29, 2015

TTJ Holdings

Singapore-listed TTJ Holdings, one of the largest structural steel fabricators here, has secured new projects on Jurong Island and civil defence doors for the Thomson Line totalling $35 million.

This brings the group’s current order book to $113 million.

“We are heartened to see ample opportunities in the market and this new round of contract wins will give the Group greater impetus and confidence to secure more wins,” said TTJ’s chairman and managing director Teo Hock Chwee.

According to the Building and Construction Authority (BCA), public sector projects are expected to sustain overall construction demand in 2015 worth between $29 billion to $36 billion.

It has been forecasted that between $18 billion to $21 billion will be spent on public sector projects, with an increase in industrial projects and a stable pipeline of institutional and civil engineering works, offset by moderating public housing projects.

 

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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