In terms of outlook, the company said that it would continue to actively pursue business opportunities in the emerging markets for its core heavy lift and haulage segment. Tiong Woon also said it would invest in higher capacity and specialised equipment and forge strategic alliances and cooperation with international and industry players to jointly participate in the bidding for projects.
The business said that currently, it has a fleet of 407 cranes in lifting assets, 216 vehicles and equipment in haulage assets and 20 tugs and barges in marine assets. Adding that it believed it was one of the top 10 companies in the world in terms of crawler crane ownership and one of the few to have a single crane of 1,600-tonne lift and above, namely, its Terex Demag CC 8800-1 crane.
