Koon Holdings, the infrastructure construction and precast specialist, says it has secured new precast projects worth a total of $53.73 million.
The HDB and private industrial development projects were secured through the group’s subsidiaries -- Econ Precast Pte Ltd and Contech Precast. Under the agreements, Econ and Contech will supply precast components over a contract period of 7 to 18 months.
Tan Thiam Hee, Managing Director and Chief Executive Officer of Koon, says: “Our foray into this fast-growing niche market is further validated as we increase our precast order book with these sizable precast projects. HDB recently initiated the largest supply of flats ever offered in a single launch with another 4,200 build-to- order flats to be launched in November 2011. In line with the strong demand for public housing projects, precast products are gaining wider adoption as they simplify on-site construction process, provide better quality control and higher cost efficiencies. With the Singapore government’s initiatives to increase productivity in construction-related activities, there is also a progressive adoption of precast products in private sector projects.”
With the inclusion of these contracts, to date, Koon’s Precast order book (excluding the construction division) stands at $103.40 million.
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