TIONG SENG: JV with Geostr to produce precast tunnel segments

TiongSeng Geostr Tiong Seng CEO Pek Lian Guan (3rd from right) with the key management from Geostr Corporation and Robin Village at the opening ceremony of its new factory. The ceremony was held at Regent Hotel, Singapore on 9 May. Photo: Company

TIONG SENG HOLDINGS, one of Singapore's leading construction and civil engineering groups, has opened a factory in Johor to manufacture precast tunnel segments for projects in Singapore and Malaysia.

The factory is operated by a joint venture known as Geostr-RV owned by the following parties.
» The Group's wholly-owned subsidiary, Robin Village International (44% interest)
» Geostr Corporation, Japan's leader in precast tunnel segments with more than 40% market share (51% interest)
» Marubeni-Itochu Steel (5% interest)

The facility has a total floor area of 19,000 sq m and boasts cutting edge technology for the manufacture of precast tunnel segments. Other than having the latest equipment, including a carrousel line for continuous production, the facility is also staffed by Japanese engineers seconded from Geostr to provide technical support so that it can achieve Geostr quality.

"This strategic joint venture with Geostr and Marubeni is a breakthrough in our effort to be a leading all-rounded precast player."

- Pek Lian Guan
CEO, Tiong Seng Holdings
NextInsight file photo

Geostr-RV has currently been contracted to supply tunnel segments to the following 4 projects.
» Thomson Line for Great World station and tunnels
» Thomson Line for The Bay station and tunnels
» Transmission Cable Tunnel
» Stamford Diversion Canal

Segment engineering is an important part of a tunnel project, with huge infrastructure requirements.

It requires the setting up of a precast plant with high handling capabilities due to the large size and weight of the materials to be handled.

Sophisticated equipment is required for the casting process.

The Group has one of the largest order books among listed construction companies in Singapore. Its order book was about S$1.3 billion as at 22 February 2016.

It also has property development projects in PRC cities such as Cangzhou and Suzhou.

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Counter Name

Last

Change

AEM Holdings

2.290

-0.070

Best World

2.460

0.020

Boustead Singapore

0.945

-0.015