BUSINESS OVERVIEW
06
ASL Marine Holdings Ltd.
Annual Report 2016
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 Pte. Ltd.
(“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. The precast
plant is situated within the 27 hectares premise
of PT. Cemara Intan Shipyard, a wholly-owned
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.
