Rotary Engineering wins S$60m worth of contracts in Singapore during 2Q13

Bringing contract wins since January to $400m.

Mainboard-listed EPC and maintenace services provider Rotary Engineering Limited (Rotary) announced that it has won approximately S$60 million worth of contracts in Singapore from April to June this year.

Including the S$300 million contract for oil terminal at Pulau Busing and the S$42 million for two projects on Jurong Island, the total contracts won this year well exceeded S$400 million.

Rotary’s Chairman and Managing Director, Mr Chia Kim Piow, said: “We are glad to win a steady stream of contracts in Singapore as the demand for EPC of storage and distribution infrastructure remains robust.”

Rotary Engineering said the recent contract wins show that Singapore remains as an important market for the firm.

The projects in Singapore totalled S$60 million of construction and maintenance jobs from well-known specialty chemical companies, oil majors and a storage operator. The largest contract worth nearly S$30 million was awarded by an international specialty chemicals company to provide electrical and instrumentation (E&I) works for an entire plant in Jurong Island, including the supply of materials. The other larger contract worth S$17 million is awarded by a repeat oil major customer. It involves the provision of piping and structural works in a new processing unit in Jurong Island which produces high purity chemicals.

The recent contract wins further indicate Rotary’s turnaround from 2012 cementing Singapore’s position as the major contributor. “We are on track for steady growth and will continue to bid for more contracts in the markets where we operate including Singapore, the Middle East and Asia and build up our strong order book,” Mr Chia added.

Rotary is currently working on two major projects, namely the US$250 million EPC contract for the Fujairah Oil Terminal in the United Arab Emirates and the S$300 million project for expansion of oil terminal at Pulau Busing in Singapore. The two projects are scheduled to be completed within the next two years. The Fujairah project involves construction of 1.1 million cubic meters for petroleum storage while the Pulau Busing project includes the EPC of 800,000 cubic meters for tankage facilities.