Koyo International wins two works contracts worth $17 million

SINGAPORE - Engineering services provider Koyo International said on Monday that its wholly owned subsidiary, Koyo Engineering has been awarded a contract of $17.3 million to carry out mechanical, electrical and plumbing works and maintainence at the Ngee Ann Polytechnic campus and one school zone under the Singapore Ministry of Education.

The two contracts will bring the Group's gross order book to-date to $41 million, the company said in a release on Monday.

It is expected to contribute positively to the group's earnings for the next four financial years from the financial year ending 31 December 2015, the release added.