Latest news from Heavy Lift & Project Forwarding International Magazine

Profit hike for Tiong Woon

August 21 - Tiong Woon Corporation Holding posted a 25 percent year-on-year increase in net profit to SGD22.1 million (USD17.6 million) for the financial year ended June 30, 2014.

This was despite an 18 percent decrease in turnover to SGD165.3 million (USD132.2 million), compared with SGD200.5 million (USD160.3 million) in Tiong Woon's 2013 financial year.

Tiong Woon
's heavy lift and haulage segment's turnover declined from SGD154.4 million (USD123.4 million) to SGD142.1 million (USD113.6 million), which it attributes to executing fewer heavy lift and installation projects during the financial year.

However, the company says that demand for heavy lift and haulage from the oil and gas, and petrochemical industries remains resilient.

Ang Kah Hong, group chairman and managing director of Tiong Woon, said that its 2014 financial year had been a challenging one.

"Looking ahead, Tiong Woon will continue to actively pursue new business opportunities in the oil and gas and petrochemical sectors across the region, while striving for improvements in operational efficiency, cost control and financial management," added Hong.

www.tiongwoon.com

Heavy Lift | News

Demag delivers for Wiesbauer thumbnail image

Demag delivers for Wiesbauer

September 20 - Germany-based crane service provider Wiesbauer has added a Demag AC 300-6 all-terrain crane to its fleet.
Views: 29
Straightpoint tests ringer crane capacity thumbnail image

Straightpoint tests ringer crane capacity

September 19 - Malaysia’s Goforth called on Sarsco Lifting Technical Services to witness the load test of a ringer crane using a Straightpoint load cell and a wireless 150-tonne capacity Radiolink.
Views: 277
Lovemore moves trailers to South Africa thumbnail image

Lovemore moves trailers to South Africa

September 18 - South Africa-based heavy haulage and rigging specialist Lovemore Bros has relocated a number of specialised abnormal trailers to Johannesburg, Gauteng.
Views: 305
Tele Radio opens in Brazil thumbnail image

Tele Radio opens in Brazil

September 16 - USA-headquartered remote control manufacturer Tele Radio has opened a facility in São Paulo, Brazil, due to strong regional demand. The site located in Itupeva is near Viracopos International Airport.
Views: 518

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.