Soilbuild Construction said Thursday its wholly owned subsidiary Precast Concrete landed an around S$28.8 million contract to supply precast concrete components for a Housing and Development Board (HDB) build-to-order (BTO) public-housing project.
The fabrication, supply and delivery of precast concrete components and Prefabricated Prefinished Volumetric Construction (PPVC) modules will be on the construction schedule of the HDB BTO project, which is expected to begin in the first quarter of 2020, Soilbuild said in a filing to SGX.
The project is expected to be completed by the second quarter of 2021, Soilbuild said.
Ganessaraj Soocelaraj, CEO for the precast and prefabrication business, said the contract was a milestone for the manufacturing business.
“We believe that the Construction Industrial Transformation Map (CITM) launched by the Building & Construction Authority (BCA) will continue to progressively take shape with the increasing adoption of the Design for Manufacturing and Assembly (DfMA) technologies in the construction industry,” he said in the statement.
“We will strive to be a key manufacturer of precast and prefabricated building components to support the implementation of the CITM through the automated manufacturing facilities at our Soilbuild Prefab Innovation Hub and our manufacturing plant in Pontian, Johor,” he added.
Ganessaraj said the Pontian plant was undergoing expansion to increase production, with the project expected to be completed by the first quarter of 2020.
The contract brings Soilbuild’s orderbook to around S$439 million, as of end-June and including new orders since then, with S$393.2 million in construction projects and S$45.8 million for precast supply and delivery contracts, the company said.