Tiong Woon’s next heavy lift: S$200 million revenue by FY2030, as it expands beyond crane rental
CEO Michael Ang says the group is keeping gearing low as it explores overseas M&A opportunities
Add BT as a preferred source
[SINGAPORE] Mainboard-listed Tiong Woon has spent the past few years lifting more than just heavy loads.
The heavy-lift and haulage specialist has grown its earnings base and drawn greater market interest while repositioning itself beyond its traditional crane rental business.
It is now targeting annual revenue of more than S$200 million by FY2030, as it builds its regional footprint and moves deeper into integrated engineering work.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
