Koyo bags S$12m mechanical & electrical services contract from NTU

ENGINEERING services provider Koyo International said on Friday that its wholly owned subsidiary, Koyo Engineering (SE Asia), has been awarded a contract of up to an aggregate value of S$12 million by Nanyang Technological University (NTU) for the addition, alteration and miscellaneous works of mechanical and electrical services.

The contract will be for two years from June 1, 2015, and will be extended for another two years at NTU's option. The contract value for the first two years and the option years is expected to be S$6 million each.

It is expected to contribute positively to the group's earnings for the financial year ending Dec 31, 2015, Koyo said.