Ryobi Kiso adds S$78.8 million worth of new contracts

RYOBI Kiso Holdings Ltd, a leading specialist ground engineering solutions provider, announced on Monday that it secured additional contracts worth S$78.8 million, bringing the value of total contracts secured since Jan 1 to S$168.8 million.

Some of the contracts awarded for foundation and geoservices work include the Deepwater Ocean Basin at Prince Georges Park - National University of Singapore, HDB Sengkang N3 C28A, Seletar Airport and the Water Reclamation Plant at Changi East.

Ong Tiong Siew, chief executive officer and executive director of Ryobi Kiso, said that Singapore has been a good market for the company in the past year and that there will be more public and infrastructure projects as the nation continues to redevelop.

"The group will focus on harnessing the full potential of our local market, and we believe that our track record and strong capabilities will put us in good stead to capture more projects," he added.

The company's net order book as at June 30 stood at S$127.3 million.