Tiong Seng to make precast tunnel parts

HOME-GROWN construction group Tiong Seng Holdings has signed a joint venture (JV) agreement with two listed Japanese companies to manufacture and supply precast tunnel segments for the Singapore and Malaysia markets.

Its chief executive officer, Pek Lian Guan, said that this will enable the company to target the growing pipeline of mass rapid transit projects and infrastructure construction in Singapore, in tandem with the Transport Ministry's plans to expand the rail network here.

The deal was signed behind closed doors at Pan Pacific Hotel between Tiong Seng's unit, Robin Village International; Geostr Corp, a consolidated unit of Nippon Steel & Sumitomo Metal Corp; as well as Marubeni-Itochu Steel Pte Ltd, a Singapore subsidiary of its steel trading parent company of the same name.