2024
Ranked 15 on the IC100 Cranes 2024 Index and 14th on the IC Tower Crane Index for the world’s top crane-owning companies and tower crane-owning companies, respectively.
2023
Ranked 19 on the IC100 Cranes 2023 Index and 16th on the IC Tower Crane Index for the world’s top crane-owning companies and tower crane-owning companies, respectively.
Strengthens market position through strategic alliance and asset acquisition.
2022
Ranked 23rd on the IC100 Cranes 2022 Index and 17th on the IC Tower Crane Index for the world’s top crane-owning companies and tower crane-owning companies, respectively.
Achieved 5 Million Safe Man hours at the TOYO-1 NVPR Site.
2021
Ranked 23rd on the IC50 Cranes 2021 Index and 17th on the IC Tower Crane Index for the world’s top crane-owning companies and tower crane-owning companies, respectively.
2020
Ranked 19th on the IC50 2020 Index and 17th on the IC Tower Crane Index for the world’s top crane-owning companies and tower crane-owning companies, respectively.
2019
February
Incorporation of subsidiary in Bangladesh - Tiong Woon Bangladesh Limited.
Ranked among the top 17th for Mobile & Crawler Cranes companies & 20th Tower Crane Companies in the world.
2017
Incorporation of subsidiary in Sri Lanka- Golden Argo (Pvt) Ltd.
2016
Completion of building and dormitory at 15 Pandan Crescent.
Completion of share consolidation of every two existing shares into one consolidated shares.
2014
Incorporation of Wholly – Owned Subsidiary in Sri Lanka - Tiong Woon Crane & Transport Lanka (Pvt) Ltd.
2013
December
Wins the International Cranes & Specialized Transport TopLift 2013 Competition.
May
Incorporation of a Wholly-Owned Subsidiary in Myanmar - Tiong Woon Myanmar Company Limited.
February
Completed Jurong Aromatic Corporation Project - One of the largest heavy lift and haulage projects for a single column in Singapore.
2012
September
Establishes a wholly – owned subsidiary in Singapore known as Tiong Woon Crane & Equipment Pte. Ltd.
May
Enters into a Joint Venture Agreement with Chi Deh Engineering Cp., Ltd and The Giant Project Service Corp. to establish Tiong Woon Teck Aik Enterprises Pte. Ltd.
January
Wins a contract for the Tuaspring Desalination Plant, the largest sea water desalination plant in Singapore.
2011
November
Signs two contracts to supply heavy equipment and marine transportation in Myanmar and Malaysia for oil and gas projects.
October
Wins contract with JGC Corporation for heavy lifting and installation works at a Singapore refinery project.
August
Wins contract for Tuas New Yard phase 1 project.
Change of name and business activities in Tiong Woon Logistics Pte Ltd, formerly known as Blue Target Pte Ltd.
July
Enters into a Joint Venture Agreement with Asian Supply Base Sdn Bhd to establish a Joint Venture Company, known as ASB Marine Resources (L) Ltd.
Secures contract for equipment erection works for Tokuyama Malaysia Project in Sarawak.
Incorporates a new subsidiary in Batam, Indonesia known as P.T. Tiong Woon Oasis.
May
Establishes a wholly – owned subsidiary in Malaysia known as Tiong Woon Oasis Sdn Bhd.
2010
May
Enters into Joint Venture agreement with JOasis Pte Ltd to form new subsidiary Tiong Woon Oasis Pte Ltd.
April
Completes heaviest Heavy Haulage and Load-Out operations of 1650-ton CO2 Removal Module in Batam.
February
Incorporates a new wholly-owned subsidiary in India.
2009
December
Enters into Joint Venture agreement with Asian Supply Base (ASB).
November
Incorporates new wholly-owned subsidiary in the Socialist Republic of Vietnam.
September
Launches DLB Pipelay Barge.
Signs contract with Shell EMS.
January
Establishes Tiong Woon Project & Contracting (India) Pty Ltd and Tiong Woon Vietnam Limited.
2008
January
Signs exclusive distributor agreement with Fushun Excavator Corporation Co Ltd, China-based crane manufacturer, to distribute Fuwa brand of crawler cranes in Singapore, Thailand, the Philippines, Myanmar, Vietnam, Brunei, Laos and Cambodia.
2007
December
Incorporates TWC Arabia Ltd to engage in installation, lifting, maintenance services for Oil, Gas, Petrochemicals and other Electric Power related projects and marine transportation services in Saudi Arabia.
November
Secures service contract for Shell Houdini Project.
September
Secures maiden shipbuilding contract from Norce Offshore.
May
Acquires tower crane operator Soon Douglas.
January
Becomes first Singapore company to be awarded investment license to operate 100% foreign-owned business entity in Saudi Arabia by Saudi Arabian General Investment Authority Singapore.
2006
December
Enter African waters by supplying marine transport for Hyundai Heavy Industries' offshore project in Nigeria.
Signs new agreement with IHI as sole distribution agent in ASEAN.
November
Incorporates PT TWC Bintan to provide oil and gas services and acquires 64-hectare waterfront land for fabrication yard.
June
Incorporates Tiong Woon Oil & Gas Services Pte. Ltd. in Singapore to engage in fabrication and engineering works for oil and gas projects.
May
TWC awarded its first wind farm project for Dongshan Wujiaowan Wind Power Project in Fujian Province, China.
January
Tiong Woon Project & Contracting Pte. Ltd. incorporated in Singapore to engage in mechanical, structural, infrastructural and civil engineering works.
2005
August
Incorporation of Tiong Woon (Huizhou) Industrial Services Co., Ltd to engage in the business of heavy lifting services in the oil & gas, petrochemical and other related construction industries in the People Republic of China.
2003
December
Tiong Woon China Consortium Pte Ltd incorporated to engage in business activities in China.
August
PT TWC Indonesia incorporated in Batam, Indonesia to engage in the business of hiring and maintenance services of heavy lift and heavy haulage equipments.
2002
November
TWC awarded a Crane Supply Contract for the construction of the Second Bangkok International Airport ('Suvarnabhumi Airport').
August
Tiong Woon Thai Co., Ltd incorporated to engage in the business of hiring of heavy lift and heavy haulage equipment to the Thailand market.
1999
September
TWC listed in Singapore Stock Exchange Main Board.
January
Tiong Woon Philippines established to tap business opportunities in the Philippines, catering mainly to the oil and gas industry.
1998
September
Tiong Woon Indonesia established to tap business opportunities in Indonesia, catering mainly to the oil and gas industry.
1997
February
TWC undertook its first overseas assignment to provide heavy lift, haulage and marine transportation service in Indonesia and the Philippines.
January
TWC extended geographical coverage of the IHI agreement to include exclusive distributorship in Singapore.
1995
February
Tiong Woon CT entered into a general distributor agreement with Ishikawajima Construction Machinery Co. Ltd of Japan ('IHI') to distribute its crawler cranes in Malaysia and Brunei on an exclusive basis.
1992
TWC became the first company in South East Asia to possess a 500-ton hydraulic all terrain crane, then the largest hydraulic truck crane in use in the region.
TWC secured major contracts in Shell Eastern Petroleum and Dupont Adipure chemical plant projects.
1991
June
Tiong Woon Marine set up to provide mainly transportation services between Singapore and the offshore islands of Singapore and other nearby destinations.
1989
December
TWC Malaysia set up to carry out heavy lift and haulage business in Malaysia.
April
TWC expanded its business activities into marine transportation service.
1986
TWC purchased its first 300-ton telescopic hydraulic crane, believed to be the first of its kind is use in South East Asia, for the first HDB water-tank project.
1984
TWC secured first major project as main supplier of cranes and transport equipment for the construction of Ang Mo Kio and Yio Chu Kang MRT Stations.
1980
December
Tiong Woon Crane & Transport incorporated to replace the partnership and carry out the provision of crane and transport services.
1978
Tiong Woon Crane and Transport Co., a partnership, founded as a provider of crane and transport services on a small scale mainly to the construction industry in Singapore.