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AGV Group wins new projects totalling 29,000 tonnes of steel and iron

Monday, April 24, 2017 - 08:59

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Albert Ang(left), AGV's chief executive officer and co-founder, said: "Hot-dip galvanising is essential for the longevity of any industrial object made of steel or iron. The fact that we are servicing companies from a broad spectrum of industries is testament to our track record, and we are pleased to play a role in the development of various buildings and infrastructure not only in Singapore but also Malaysia."

CATALIST-LISTED AGV Group Limited, which provides hot-dip galvanising services in Singapore and Malaysia, has clinched new contracts to galvanise some 29,000 tonnes of steel and iron for public and private sector projects, including Seletar Airport and a mega oil refinery in Johor, it said in a Singapore Exchange filing on Monday.

The 15,000 tonnes worth of new contracts in Singapore, secured since the beginning of 2017, are from companies involved in projects ranging from the building of schools and HDB carparks to the fabrication of water treatment and petrochemical plants.

These projects bring AGV's total tonnage for contracts secured in the current financial year ending Sept 30, 2017, to 22,618.

Its associate company in Malaysia secured 10 new contracts totalling nearly 14,000 tonnes.

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Albert Ang, AGV's chief executive officer and co-founder, said: "Hot-dip galvanising is essential for the longevity of any industrial object made of steel or iron. The fact that we are servicing companies from a broad spectrum of industries is testament to our track record, and we are pleased to play a role in the development of various buildings and infrastructure not only in Singapore but also Malaysia."

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