Tiong Woon is a leading, one-stop integrated services provider of infrastructure businesses for the Oil and Gas, Petrochemical, Power and Construction industries. We specialize in heavy lift, heavy haulage and process equipment installation; offshore marine services and transportation; and oil and gas fabrication and engineering works. We also trade heavy equipment and supply tower cranes.
Our business model leverages on our extensive fleet of heavy lift, heavy haulage and marine equipment to consistently execute and deliver the best-in-class services to our customers on time and on budget, in all the markets in which we participate. We have achieved our established position based on our existing five-pronged business strategy:
To actively seek business opportunities in emerging markets for core Heavy Lift & Haulage segments;
To develop our fabrication and engineering competency for the Marine and Oil & Gas projects;
To invest in higher capacity and specialized equipment;
To forge strategic alliances and cooperation with international and industry players to jointly participate in bids for projects; and
To maintain active and tight management control of the Group’s respective business activities.
We believe that our business strategy will allow us to continue to gain market share, extend our industry growth and improve our financial performance.
We are the only regional company in Asia which possesses integrated heavy lift, heavy haulage and offshore marine capabilities as well as fabrication yard resources. Key ownership of our assets gives us a competitive edge with more speed and flexibility to better control and manage our execution and delivery.
Our customers, with whom we have longstanding relationships, are all over the globe. Some of these customers include international EPC players like Samsung Heavy Industries, Foster Wheeler, Daewoo Engineering and Rotary Engineering. We also have a key relationship with IHI Construction Machinery, a manufacturer of crawler cranes and parts, with whom we distribute its products. |
