ST Engineering's electronics unit clinched $593 million in new orders in 4Q 2013
Published on Jan 13, 2014 12:03 PM
The electronics arm of mainboard listed Singapore Technologies Engineering won $593 million worth of new orders in the fourth quarter of last year.
The company said on Monday that the contracts clinched by ST Electronics range from rail electronics and intelligent transportation systems to satellite and broadband communications among others.
One of the contracts is for automatic fare collection and platform screen door systems for one of Bangkok's train lines. Other projects are for some of the train lines in China and Taiwan.
Work on these projects have started and will be completed by 2017.
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