Tiong Woon lifts in South East Asia

16 November 2011

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Tiong Woon in Singapore has signed two contracts in South East Asia. Under the first contract, it will supply heavy equipment and marine transportation for oil and gas projects in Burma, (officially Myanmar), and under the second it will supply lifting and transport in Malaysia.

Listed in 1999, parent company Tiong Woon Corporation Holding is a new player in this market, so it is planning a representative office to prospect new business there.

Tiong Woon’s wholly-owned subsidiary, Tiong Woon Crane and Transport provides integrated services for the oil, gas and petrochemicals market and specializes in installation and lifting of heavy process equipment.

The contract in Burma/Myanmar partners Tiong Woon Crane Pte with an engineering and project management conglomerate based in India.

The firms will collaborate on international construction projects for energy and infrastructure.

Assisting with one of these projects, a pipeline-laying project in Burma, Tiong Woon will provide cranes and marine transport.

The other, Malaysian project contracts Tiong Woon Crane and Transport to work with Malaysia Marine and Heavy Engineering, providing services for heavy equipment and marine transport operations for an offshore fabricator in Pasir Gudang in Malaysia.

Ang Kah Hong, chairman and managing director of Tiong Woon commented on the new projects, which will allow the group to purse its five-pronged business strategies to sustain revenue growth.

He said, “We are delighted and thrilled by these business opportunities before us. We will be capitalising on our strengths in heavy lift and haulage. As for Myanmar, it is a new frontier for us, and we are excited to start prospecting for possibilities there.

Ang continued, “Despite the current global economic sentiment, we are still attending to lots of enquiries and are participating in a number of tenders, here and overseas.”

The projects begin at the end of 2011 and will remain active until at least the end of 2012.