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Monday, 25 July 2011

Rotary Engineering bags 13 contracts totalling S$40m

SINGAPORE: Mainboard-listed Rotary Engineering has clinched 13 contracts totalling S$40 million from April this year for projects based in Thailand and Singapore.

Singapore-based projects included a contract for mechanical works for an oil major, as well as for construction of two fuel tanks and a water tank for Alstom Power Singapore.

In Thailand, the group will embark on the construction of piping for Thai Tank Terminal and the building of 9 storage tanks for Thai Oil Public Company.

Rotary's chairman and managing director Chia Kim Piow said that the company will "continue to be vigilant in its pursuit for new and interesting projects".

Going forward, Mr Chia said that Rotary is keen to continue playing a part in the development of Singapore's oil and gas industry and infrastructure.

"We are still very busy prospecting for new business here in Singapore, in the region and further afield," he said.

"There are opportunities and we continue to field many enquiries. The challenge is to ensure that we select the right deals."

- CNA/cc

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