Pan United Corporation

This was completed in 2002

Location:Singapore
Discipline:Civil & infrastructure
Client:United Cement Pte Ltd
Value:S$7 million
Status:Completed in 2002

We constructed a 35,000-tonne duo-cell cement silo for the largest cement supplier in Singapore at a site in Pulau Damar Laut. The silo is 75 metres high and 29 metres in diametre. We were also responsible for the piling and construction of an administration building and warehouse.âââ

http://www.leightonasia.com/en/what-we-d...t=67&s&l&d

This was the recent completed silo with words "Raffles Cement" on Sept 2013

Asia Civilâs management team, through a Pan United Corporation construction vehicle wholly managed the development, on a turnkey basis, of Raffles Cementâs new 25,000t cement storage facility. The role included management of engineering, authority approvals, procurement, construction, completion and all commercial matters.

This non-traditional, transparent delivery model reduced the total contract value by a substantial margin compared to traditional approaches, whilst achieving outstanding safety and quality results. Our peopleâs âhands onâ focus towards project planning, design, procurement and construction was a key element of the projectâs success, allowing Raffles Cement to be the first company to commence operations on the new Jurong Port T2 Development.

Time and cost savings were achieved through our use of innovative delivery solutions/methods which capitalised on Singaporeâs productivity incentive schemes, including the use of slipforming, precast concrete, offshore modular fabrication and mechanization to optimize use of foreign labour.

Asia Civil completes Raffles T2 Cement Silo Project
September 18 2013
Key Features

⢠Supply & Placement of 10,000 cubic metres of reinforced concrete
⢠Construction of 105-metres of reinforced concrete silo walls in 30-days using slipform technique
⢠Supply, Installation & Commissioning of cement handling equipment, instrumentation & controls
⢠Construction of Electrical Substation, LV consumer room & MCC room
⢠Construction of Control Building, Office and external works.
⢠Utility extensions (Telecom, Water, Sewer, Electrical)
⢠Supply & installation of Fire & Safety systems

orangetea Wrote:This was completed in 2002 Location:Singapore Discipline:Civil & infrastructure Client:United Cement Pte Ltd Value:S$7 million Status:Completed in 2002 We constructed a 35,000-tonne duo-cell cement silo for the largest cement supplier in Singapore at a site in Pulau Damar Laut. The silo is 75 metres high and 29 metres in diametre. We were also responsible for the piling and construction of an administration building and warehouse.âââ http://www.leightonasia.com/en/what-we-d...t=67&s&l&d

Subsequent project

Location:Singapore
Discipline:Civil & infrastructure
Clientan United Cement Pte Ltd
Value:S$15 million
Status:Completed in 2009

Following our work on the construction of a 35,000-tonne duo-cell cement silo for the largest cement supplier in Singapore at a site in Pulau Damar Laut, we built a second 30,000-tonne silo at the site several years later. The second silo is 73 metres high with a 24-metre diametre outer cell and a 14-metre diametre inner cell. We also built a new bulk loading facility to form two large hoppers and upgraded the permanent power supply.

Orangetea, thanks for your regular posting on what you have digged up for Pan United and other concrete players in Singapore.

I have no doubt in Pan United management. But I guess you are aware that RMC business is low margin, low barrier to entry business. Many players I heard are making negative margin per truck that is sent out. Cost is almost uncontrollable, pricing is also difficult to be passed on to customers due to huge competition (not only in Singapore but if Iskandar stops, there will be plenty of trucks from JB). The boom after MBS is over and unless you are willing to wait out for the next cycle of property wave.

mrEngineer Wrote:Orangetea, thanks for your regular posting on what you have digged up for Pan United and other concrete players in Singapore. I have no doubt in Pan United management. But I guess you are aware that RMC business is low margin, low barrier to entry business. Many players I heard are making negative margin per truck that is sent out. Cost is almost uncontrollable, pricing is also difficult to be passed on to customers due to huge competition (not only in Singapore but if Iskandar stops, there will be plenty of trucks from JB). The boom after MBS is over and unless you are willing to wait out for the next cycle of property wave.

I am learning more as I explore and search for more info.
I do transit into Jurong Port (which is the cement terminal) and notice the updates in the silo.
Currently there are two unprinted silos beside the newly commissioned "Raffles Cement" silo and waiting to see who is the operator.

Having said that I am beefing up this thread to archive as well as use it as a reference like a diary of sorts.

Here is a link written by CIMB which is quite thorough but dated to see the bigger picture as well as the port biz in china.

https://cimbequityresearch.cimb.com/EFAO...016&A=CIMB

orangetea Wrote:I am learning more as I explore and search for more info. I do transit into Jurong Port (which is the cement terminal) and notice the updates in the silo. Currently there are two unprinted silos beside the newly commissioned "Raffles Cement" silo and waiting to see who is the operator. Having said that I am beefing up this thread to archive as well as use it as a reference like a diary of sorts. Here is a link written by CIMB which is quite thorough but dated to see the bigger picture as well as the port biz in china. https://cimbequityresearch.cimb.com/EFAO...016&A=CIMB

There are now 3 new build silos (beside Raffles cement silo, where i mentioned two) and they belong to Malaysia YTL

Looks like its good biz and everyone is expanding their silo capacity

Pan-United reports 9% higher core PATMI; ups final dividend for FY2013
ï´ Improved performance due to BBR and port operations and higher attributable profits from increased beneficial interest in CXP
ï´ Group expects steady demand for basic building materials and port volume growth in FY2014
ï´ Proposed final dividend of 2.75 S¢/share is higher than FY2012âs 2.5 S¢/share

Pan-United Corporation Ltd (PanU, the Group or æ³èéå¢), an integrated resource development and logistics group in Asia, recorded a revenue of $727.4 million in FY2013, a 2% increase year-on-year (y-o-y).

Revenue generated by higher sales volume for its cement and ready-mixed concrete (RMC), as well as higher utilisation at CXP, were partly offset by a reduction in trading revenue under the shipping division during the year.

With higher revenue, coupled with the Groupâs increased effective shareholding in Changshu Xinghua Port Co., Ltd (CXP) from 51.3% to 85.5% in September 2013, net attributable profit (PATMI) rose to $44.6 million, 4% higher y-o-y. Excluding the $2.2 million vessel disposal gains recognised in FY2012, the Groupâs FY2013 core PATMI rose 9% y-o-y.

Ms May Ng (é»ç¾ç¾), the Groupâs Chief Executive Officer, said: âThe Group has, over the years, consistently re-invested its earnings to grow our core businesses for sustainable profit growth. In addition, the strong cashflow generated from our operations allows us to distribute higher dividends as our earnings grow. We are pleased to propose a final dividend of 2.75 S¢ for FY2013, a step up from FY2012.â

The Group generated positive net cashflow from operations of $68.8 million in FY2013, up 26% from $54.7 million in FY2012. PanUâs net gearing edged up to 0.16 times as at end December 2013.

Ms Ng added: âThe acquisition of Changshu Changjiang International Port Co., Ltd announced last week is part of the Groupâs growth plans for the next phase. Although the new investment will take time to be fully realised, we are positive that it will enhance shareholder value in the medium term.

âThis year, we expect steady demand for cement, RMC and aggregates with projected construction demand1, based on construction output, remaining high at $34-36 billion compared to FY2013âs estimated $33 billion.â

Listed 8 players not too long ago

Player #9
Sam Woh - SG

http://www.samwoh.com.sg/index.php/build...d-concrete

(27-02-2014, 02:28 PM)orangetea Wrote: Listed 8 players not too long ago

Player #9
Sam Woh - SG

http://www.samwoh.com.sg/index.php/build...d-concrete

Player #10
Sinmix

http://www.sinmix.com.sg/AboutUs.html

(28-02-2014, 08:49 AM)orangetea Wrote:

(27-02-2014, 02:28 PM)orangetea Wrote: Listed 8 players not too long ago

Player #9
Sam Woh - SG

http://www.samwoh.com.sg/index.php/build...d-concrete

Player #10
Sinmix

http://www.sinmix.com.sg/AboutUs.html

Player #11
Island concrete

Island Concrete Pte. Ltd.

Island Concrete (Pte) Ltd is a subsidiary of Hong Leong Asia Ltd under its Building Materials Group (BMG). Established in 1970, it is one of the largest and oldest ready mixed concrete suppliers in Singapore today, having acquired no less than 22% of the nationâs market share.

To meet the high delivery standard and service level demanded in the industry, Island Concrete has batching plants strategically located across Singapore and equipped with a fleet of more than 200 concrete mixer trucks. The concrete batching plants having capacity to supply more than 2 million cubic metres of concrete per year are fully computerized and productions are automated to ensure high quality products with the right quantity are delivered to its customers.

With a pool of highly motivated and committed professionals at its helm, Island Concrete has been accredited with ISO 9001 since 1996 and ISO 14001 since 2000. It has also been awarded many other certifications and testimonials, a testament to its reliable service delivery and consistent concrete quality, as well as its dedication to environmentally good practices at its batch plants that reduce pollution.

http://www.hlasia.com.sg:1081/bmg/icpl/profile.asp