Company Briefs: Vard Holdings

Vard Holdings

Mainboard-listed shipbuilder Vard Holdings, which has its headquarters in Norway, announced yesterday that its unit Vard Electro has signed a contract to deliver an engineering and electrical installation package.

The contract, valued at about 100 million kroner (S$16 million), is for Britain's new polar research vessel which is under construction.

The unit is a system integrator that develops, produces and supports advanced marine electronics and turnkey electrical systems for the global maritime and offshore industries.

Vard Electro has installed equipment on more than 300 vessels, including complete systems for power management, propulsion, automation and navigation.

Singapore Technologies Engineering

Singapore Technologies Engineering said its aerospace arm won new contracts worth $770 million in the second quarter of this year.

The new projects range from airframe maintenance and cabin interiors to engine wash and component repair and overhaul.

Multiple contracts have been confirmed with customers in the Asia-Pacific, Europe and the United States.

OKP Holdings

OKP Holdings, a mainboard-listed infrastructure and civil engineering company, said its unit Eng Lam Contractors has won a $19.3 million contract for infrastructure works in Punggol.

Eng Lam will build roads, drains and cycling paths, among other things, under the 15-month contract. The contract started on July 5 and works are expected to be completed by Oct 4 next year.

Eng Lam won two contracts worth $54.7 million last month from the Land Transport Authority for road resurfacing works along seven major expressways, and an $18 million contract from PUB, Singapore's national water agency, to improve the drainage system around Geylang.

The firm said the total value of contracts won this year was about $101.8 million, boosting its net construction order book to $414.1 million, with contracts extending to 2019.

A version of this article appeared in the print edition of The Straits Times on July 13, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe