Rotary Engg wins deals worth S$80m

MAINBOARD-listed Rotary Engineering said on Tuesday it had won several contracts worth a total value of about S$80 million, including one that gave it a foothold in the LNG (liquefied natural gas) space for the first time.

Rotary - an engineering, procurement, construction and maintenance services company supporting the oil and gas and petrochemical industry - said it won its first LNG contract through a deal with Japan's IHI Corporation, formerly known as Ishikawajima-Harima Heavy Industries Co, Ltd.

The contract will see Rotary providing tankage works for two X 160,000m3 LNG storage tanks for the LNG Receiving Terminal Expansion Project - Phase II at Map Tha Phut petrolchemical hub in Rayong, Thailand.