TTJ Holdings Limited today announced its order book has reached $187 million on the back of several new structural steel contracts secured. The company expects to substantially complete these projects between FY2022 and FY2024.
The Group’s core business lies in the design, supply, fabrication and erection of a wide spectrum of structural steelworks for use in the construction of buildings, factories, plants and infrastructure, with fabrication facilities located in Singapore and Johor, Malaysia.
“While constraints on foreign labour and headwinds such as global inflationary pressures and rising material costs weigh down the outlook for the immediate term, we believe the construction sector will continue to normalise as Singapore gradually opens its economy and its borders,” Teo Hock Chwee, TTJ’s Executive Chairman, says. “Over the immediate horizon, we will maintain our disciplined approach to managing our resources, so as to deliver our order book on schedule, and continue to work towards growing the business in a sustainable manner.”
Shares in TTJ Holdings closed at 18 cents on March 11.
