Contracts for Catering Debut PRESS RELEASE SEMBCORP CONSTRUCTION IS FIRST LOCAL CONTRACTOR TO

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Contracts for Catering Debut PRESS RELEASE SEMBCORP CONSTRUCTION IS FIRST LOCAL CONTRACTOR TO Powered By Docstoc
					PRESS RELEASE

SEMBCORP CONSTRUCTION IS FIRST LOCAL CONTRACTOR
TO WIN MORE THAN S$1BILLION ORDER IN A SINGLE YEAR


1.    SembCorp Construction set a record in the local construction industry by
winning $1.028 billion worth of contracts in 1998, according to the results of the
BCA Singapore Top 30 Construction Companies Survey.


2.    Its major contracts included the LRT Systems for Sengkang and Punggol,
Changi Airport MRT Station, SATS Inflight Catering Centre 3, 17 blocks of stack-
up factories at Woodlands and a commercial cum residential project in Tianjin,
China, called The Exchange.


3.    The construction arm of listed SembCorp Industries, the company was
formed from the merger of Singapore Technologies Construction and the building
and civil division of Sembawang Engineering & Construction in December 1998.
The merger created one of the largest construction companies in ASEAN.


SembCorp is Well Placed to Embrace C21 Strategic Thrusts
4.    The recent launch of Construction 21 (C21) aims to address the current
inefficiencies in the construction industry and transform it into a knowledge
industry. Given that upstream decisions have an impact on downstream
construction processes, the C21 Study addressed issues across the construction
value chain, from design to construction and to maintenance.


5.    One of the main causes of low productivity in the industry is the lack of
integration of activities across the construction value chain where design is
segregated from construction or other downstream processes. Closer integration
among the industry players in carrying out a project would facilitate the adoption of
good practices as many of such practices (buildability, safety and maintainability)
have to be considered or specified at the design stage. This will bring about higher
efficiency and productivity.


6.     SembCorp Construction’s main forte is in building and civil engineering
construction and design consultancy. With its own in-house multi-disciplinary
design division and its capability to manufacture its own specialised precast
components, SembCorp is well placed to embrace the C21 strategic thrusts.


7.     The integration of its design, construction and precasting capabilities has
created important competitive benefits, such as buildable designs, fast-track
construction, better quality construction, and cost savings. The company has won
8 BCA Best Buildable Design Awards and eleven BCA Awards for Construction
Excellence between 1987 and 1999.


8.     Sembcorp Construction is also active globally. Said Mr Paul Chain, the
President of SembCorp Construction, "The merger had added a boost to the
company’s regionalisation drive, as it now has additional resources and greater
financial strength to pursue major projects in the region. The company started its
first overseas project in 1988 in China and, to-date, has undertaken about 40
projects in 20 cities outside Singapore".


Ranking by Contracts Awarded
9.     Besides SembCorp Construction, two other construction companies have
done well in 1998. Evan Lim & Company Pte Ltd shot up from 22nd position to the
second position, chalking up $400 million worth of contracts. The major projects
secured were the National Institute of Education Building at Nanyang Avenue and
a 9 multi-storey warehouse complex at Jurong Port Road. BBR Holdings (S) Ltd
was placed third, with a total of $326 million. Its major contracts included the
Cantonment Complex and a warehouse at Jalan Buroh.


10.    Eight companies also made their debut in the contracts awarded list:
Seatown Construction Pte Ltd (10th), Antara Koh Pte Ltd (18th), Keng Heng
Construction Pte Ltd (19th), Evergreat Construction Company (Pte) Ltd (22nd),
Deenn Engineering Pte Ltd (24th), Chew Eu Hock Construction Company Pte Ltd
(27th), Lean Hin Lee Contractor & Trading (Pte) Ltd (28th) and Chip Huat
Construction Co Pte Ltd (29th).


Ranking by Turnover
11.    This year’s Top 10 in the Turnover List had a total turnover of $3.57 billion,
a 10.5% increase over 1997’s total of $3.23 billion. SembCorp Engineering Pte
Ltd (formerly known as Sembawang Engineering and Construction Pte Ltd)
retained its top place with a turnover of $711 million. Econ International Ltd
secured the second spot with $449 million while SembCorp Construction retained
its third position with a turnover of $428 million.


12.    As in 1997, 1998’s turnover list remained relatively stable with 21
companies from last year’s list appearing in this year’s ranking. There were four
new entrants to the list: Koon Construction and Transport Company Pte Ltd (5th),
Chew Eu Hock Construction Company Pte Ltd (16th), Rotary Engineering Limited
(20th) and Kimly Construction Pte Ltd (21st).


                BCA SINGAPORE TOP 30 CONSTRUCTION COMPANIES (By Contracts Awarded)
          POSITION
                                                                  TOTAL CONTRACTS
          1998 1997 COMPANY
                                                                    AWARDED (S$)

           1      **   SEMBCORP CONSTRUCTION PTE LTD                 1,027,852,841

           2     22    EVAN LIM & COMPANY PTE LTD                    399,602,927

           3      #    BBR HOLDINGS (S) LTD                          326,077,545

           4      4    L&M GROUP INVESTMENTS LIMITED                 302,193,130

           5     19    CHIP ENG SENG CONTRACTORS (1988) PTE LTD      265,370,000

           6      7    PILLAR CORPORATION PTE LTD                    251,895,000

           7      -    LOW KENG HUAT (SINGAPORE) LIMITED             217,990,000

           8     20    ENG LIM CONSTRUCTION CO PTE LTD               205,100,000

           9      6    STRAITS CONSTRUCTION CO PTE LTD               200,265,000

           10     -    SEATOWN CONSTRUCTION PTE LTD                  199,212,159
11         -   HUA KOK REALTY (PTE) LTD                                     190,094,900

12        25   LUM CHANG BUILDING CONTRACTORS PTE LTD                       177,091,582

13         -   HIAP HOE & COMPANY PTE LTD                                   165,010,222

14        15   SUM CHEONG PILING PTE LTD                                    158,065,475

               KOH BROTHERS BUILDING & CE CONTRACTORS
15         -                                                                156,940,000
               PTE LTD

16        5    TIONG SENG CONTRACTORS (PTE) LTD                             146,900,000

               SINGAPORE PILING & CIVIL ENGINEERING PTE
17        14                                                                143,596,993
               LTD

18         -   ANTARA KOH PRIVATE LIMITED                                   141,532,713

19         -   KENG HENG CONSTRUCTION PTE LTD                               139,884,022

20        11   NEO CORPORATION PTE LTD                                      133,098,412

21         -   SANTARLI CONSTRUCTION PTE LTD                                132,972,645

               EVERGREAT CONSTRUCTION COMPANY (PTE)
22         -                                                                130,067,802
               LTD

23        24   BESTBUILD DEVELOPMENT PTE LTD                                124,411,200

24         -   DEENN ENGINEERING PTE LTD                                    119,776,910

25         -   WEE POH CONSTRUCTION CO PTE LTD                              107,603,322

26         -   ECON INTERNATIONAL LIMITED                                   105,795,149

               CHEW EU HOCK CONSTRUCTION COMPANY PTE
27         -                                                                103,877,046
               LTD

               LEAN HIN LEE CONTRACTOR & TRADING (PTE)
28         -                                                                103,500,000
               LTD

29         -   CHIP HUAT CONSTRUCTION CO PTE LTD                             99,420,000

30        *    SEMBCORP ENGINEERING PTE LTD                                  99,363,816


                                                          TOTAL :          6,074,560,809



         SembCorp Engineering Pte Ltd is formerly known as Sembawang Engineering &
     *
         Construction Pte Ltd

         Sembawang Engineering & Construction Pte Ltd clinched the 1st position in the 1997
         survey.

         SembCorp Construction Pte Ltd is formerly known as Singapore Technologies
 **
         Construction Pte Ltd.
        Singapore Technologies Construction Pte Ltd clinched the 2nd position in the 1997
        survey.

      # BBR Construction Systems Ltd clinched the 28th position in the 1997 survey.




              BCA SINGAPORE TOP 30 CONSTRUCTION COMPANIES (By Turnover)
POSITION

                                                                                        TOTAL
1998 1997                                 COMPANY                                     TURNOVER
                                                                                         (S$)



 1        *    SEMBCORP ENGINEERING PTE LTD                                           710,547,000

 2        #    ECON INTERNATIONAL LIMITED                                             448,963,000

 3       **    SEMBCORP CONSTRUCTION PTE LTD                                          428,494,111

 4        5    JURONG ENGINEERING LTD                                                 314,203,434

 5        -    KOON CONSTRUCTION & TRANSPORT CO PTE LTD                               310,129,049

 6        2    L&M GROUP INVESTMENTS LIMITED                                          301,845,000

 7       11    EVAN LIM & COMPANY PTE LTD                                             292,585,730

 8        8    NEO CORPORATION PTE LTD                                                270,510,409

 9       24    LIAN BENG CONSTRUCTION (1988) PTE LTD                                  247,272,600

 10       6    BORED PILING PTE LTD                                                   241,496,182

 11      19    PILLAR CORPORATION PTE LTD                                             241,408,058

 12       -    ENG LIM CONSTRUCTION CO PTE LTD                                        230,412,050

 13      30    TONG TIEN SEE CONSTRUCTION PTE LTD                                     220,925,083

 14       4    KOH BROTHERS BUILDING & CE ONTRACTORS PTE LTD                          217,638,985

 15      28    POH LIAN CONSTRUCTION PTE LTD                                          191,562,426

 16       -    CHEW EU HOCK CONSTRUCTION COMPANY PTE LTD                              179,997,225

 17      18    LUM CHANG BUILDING CONTRACTORS PTE LTD                                 171,924,309

 18       -    LOW KENG HUAT (SINGAPORE) LIMITED                                      157,644,939

 19      26    TONG HUP SENG CONSTRUCTION COMPANY PTE LTD                             156,471,000

 20       -    ROTARY ENGINEERING LIMITED                                             148,854,000
            21         -   KIMLY CONSTRUCTION PTE LTD                                              144,550,319

            22         -   HO LEE CONSTRUCTION PTE LTD                                             140,859,390

            23         -   TIONG SENG CONTRACTORS (PTE) LTD                                        140,734,591

            24        ##   BBR HOLDINGS (S) LTD                                                    140,111,000

            25        15   TIONG AIK CONSTRUCTION PTE LTD                                          131,767,950

            26        29   SUM CHEONG PILING PTE LTD                                               131,189,815

            27        27   KEPPEL ENGINEERING PTE LTD                                              125,762,000

            28         -   WAN SOON CONSTRUCTION PTE LTD                                           121,292,270

            29        21   CHIP ENG SENG CONTRACTORS (1988) PTE LTD                                115,768,249

            30        9    WOH HUP (PTE) LTD                                                       115,057,000


                                                                                      TOTAL : 6,789,977,174



                     SembCorp Engineering Pte Ltd is formerly known as Sembawang Engineering &
                 *
                     Construction Pte Ltd
                     Sembawang Engineering & Construction Pte Ltd clinched the 1st position in the 1997
                     survey.
                     SembCorp Construction Pte Ltd is formerly known as Singapore Technologies
             **
                     Construction Pte Ltd.
                     Singapore Technologies Construction Pte Ltd clinched the 3rd position in the 1997 survey.
        #            Econ Piling Pte Ltd clinched 14th position in the 1997 survey.
        ##           BBR Construction Systems Ltd clinched the 17th position in the 1997 survey.



Issued by the Building and Construction Authority on 21 October 1999

				
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