Ryobi Kiso secures additional S$56.7 million worth of new contracts

ENGINEERING and construction company Ryobi Kiso Holdings Ltd has secured additional contracts worth S$56.7 million, bringing the total value of contracts secured since Jan 1, 2016 to date to S$90 million.

This was announced by the company in a media release on Monday.

The group's net order book as at March 31, 2016 stood at S$127.9 million.

Ong Tiong Siew, CEO of Ryobi Kiso, said: "We continue to see good project pipeline in the Singapore market, primarily in the public and infrastructure segments. However, the outlook of the construction industry remains challenging. With our strong track record, we will work to overcome challenges and focus to secure more projects in these segments."

The newly secured contracts that were announced on Monday include those for developments in Singapore and Vietnam.