TEE International obtains S$58 million in engineering contracts

TEE International said on Tuesday that it obtained new engineering contracts valued at around S$58 million for asset enhancement initiative (AEI) and mechanical and electrical (M&E) engineering works for repeat and new clients.

That brought the company’s outstanding order book to around S$304 million, it said in a filing to SGX before the market open on Tuesday.

Wholly owned subsidiary PBT Engineering obtained a contract earlier this month from repeat client Changi Airport Group (Singapore) for the proposed replacement of a fixed gangway and addition and alteration (A&A) works at Changi Airport Terminal 1, 2 and 3, the filing said.

“In May 2017, we have successfully completed phase 2 of the replacement and A&A works for fixed gangways at Changi Airport Terminals. We are encouraged to be appointed to carry out phase 4 of the project and remain committed in executing and delivering the project on time,” Eric Phua, TEE deputy group managing director and managing director of engineering, said in the statement.

PBT also obtained an enhancement-works contract from repeat client Singapore Institute of Technology for A&A works at its SIT@Dover campus and AEI works at 1 Raffles Place under OUB Centre, the statement said.

Another wholly owned subsidiary of TEE International, Trans Equatorial Engineering, obtained sub-contract work from Lum Chang Building Contractors for electrical services for a nine-storey light industrial development with office, shops and basement carpark at Woodlands Avenue, it said.

Trans also was awarded a three-year project term contract for Singtel data centers, with the option to extend for another two years, TEE International said. It is expected to provide recurring income for the engineering business, it said.

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