BH Global wins contracts worth $9.7 million in Q1

SINGAPORE - Marine electrical products company BH Global Corporation has received a boost to its order book, with a subsidiary winning $9.7 million worth of contracts in the first three months this year.

The mainboard-listed firm announced on Tuesday that its subsidiary, Z-Power Automation, secured a series of contracts to bring its current order book to a robust $13.2 million.

BH Global said this reflected strong demand for its products and services.

Z-Power is primarily involved in the design, manufacturing, assembly and retrofitting of marine and offshore automation products for major shipyards and ship owners.

Some of the new contract wins include a diesel electric package with a major publicly listed Singapore

shipyard for their two search and rescue vessels and a remote control system package with a leading Japanese provider of diesel engines.

The expected completion date of these contracts is end 2014.

Commenting on the group's latest contract wins, Mr. Vincent Lim, chief executive of BH Global said: "We are pleased that Z-Power has managed to secure these substantial contracts with both local and international customers."

"It reflects positively on the group's capabilities and track record when customers entrust us with these high value contracts."

As part of its expansion plans, Z-Power has recently relocated to a new and larger premise of some 2,750 square metres at West Park BizCentral, located in Pioneer Crescent.

The new factory and office includes full test facilities for switchboard testing and allows for in-house structure and customized design with type approved bus bar system.