PRECAST REINFORCED CONCRETE
MANUFACTURING
As part of the strategy to expand the footprint
along the value chain, the Group set up a joint-
venture company, Sindo-Econ in May 2013
with a 50% stake and the remaining 50%
held by Koon Holdings Limited. Sindo-Econ
is engaged in the business of manufacturing
precast reinforced concrete products through
its wholly owned subsidiary in Batam, PT.
Sindomas Precas (“Sindomas”). The precast
plant is situated within the 27-Ha premises
of PT. Cemara Intan Shipyard, another
subsidiary of the Group. All finished precast
products are loaded onto the landing crafts
(long-term chartered from the Group) and
exported to Singapore by sea.
Over the years, precast products have gained
acceptance and popularity in both private
and public construction projects in Singapore
along with the improved understanding
of the underlying benefits. Sindo-Econ
manufactures and markets a comprehensive
range of precast products, including pre-
stressed and precast beams and columns,
tunnel segments, reinforced concrete piles,
refuse chutes, staircase flights, architectural
facade wall panels and external walls, as well
as volumetric components such as space
adding items, utility rooms and lift-wells
used mainly in public housing and transport
projects in Singapore.
The sea transportation of the precast
products from Batam to Singapore supports
long-term and sustainable deployment of the
Group’s vessels.
BUSINESS
OVERVIEW
ASL Marine Holdings Ltd. /Annual Report 2015
6
