Jul 30 2010
Chiyoda Corporation ("Chiyoda") (TOKYO:6366) (ISIN:JP3528600004), Japan's leading engineering and construction firm, today announces that its subsidiary in Singapore, Chiyoda Singapore (Pte) Ltd., was awarded an Engineering, Procurement and Construction (EPC) contract for a chemical tank terminal for storage, import and export of chemical products at Jurong Island's Tembusu Cluster, Singapore.
1. Client : Stolthaven Singapore Pte Ltd. (a subsidiary of Stolt-Nielsen S.A.)
2. Project Scope : EPC work for chemical storage tanks and associated facilities
3. Capacity : 61,000m3 of bulk-liquid storage (The First phase)
4. Completion : The third quarter of 2011
5. Contract Value : not disclosed.
Total investment is said to be S$ 350 million including the successive phases.
Chiyoda Singapore has been involved in construction of storage terminals for petroleum, petrochemical and chemical products for the past 30+ years. Positive evaluation of Chiyoda Singapore's price competitiveness, project execution capabilities and history of on-time delivery led to its acquisition of the Stolthaven's Project.
Source: http://www.chiyoda-corp.com/en