Tiong Seng to shell out S$15.6m in precast plant in Iskandar, Malaysia

It'll be funded by internal resources and bank borrowings.

In a release, Tiong Seng Holdings Limited, announced that its wholly-owned subsidiary, Robin Village Development (Pte) Ltd, has been given permission for early commencement from the Malaysian authorities to construct a precast plant in the Iskandar region of Johor Bahru, Malaysia. The JB plant will increase Tiong Seng’s capacity for the production of precast components by 60% to 160,000m3 by 2015. 

Approximately S$15.6 million will be invested, to be funded by internal resources and bank borrowings.

Spanning 5.57 hectares and with a maximum annual capacity of about 66,000m3, the JB plant will supplement the Tiong Seng Prefab Hub in Tuas, giving the Group the ability to accept larger orders from external builders.

The larger land space will also allow the Group to produce a wider range of precast components to serve the growing demand for precast in Singapore and Malaysia. With the TSPH and JB plant, the Group has the capacity to supply precast components to the equivalent of about 4,500 HDB units annually.