Announcement made to SGX today after market closed:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_34334121EF5F577E48257B0B00311C40/$file/TWCL_PressRelease_7Feb2013.pdf?openelement


SINGAPORE, 7 February 2013 – MAINBOARD-LISTED Tiong Woon Corporation Holding Ltd (長運
) (Tiong Woon or the Group) today announced that it has successfully completed the Roll-On-Roll-Off (RORO), haulage and lifting work for one of
Asia’s tallest and largest xylene splitter columns for its client, SK E&C, an international
engineering, procurement and construction (EPC) contractor at Jurong Aromatics Corporation’s (JAC) complex in Jurong Island Singapore. The installation of the xylene splitter column at the JAC’s complex required the services of a heavy lift and haulage specialist such as Tiong Woon. At 108m tall and with a
weight of 1,147 tonnes, the column is assumed to be the world’s third largest of this kind in terms of weight and height. Its transportation and installation required complex
calculations and logistical coordination.

As a one-stop provider of solutions for heavy lifting and haulage, and with a 30-year proven track record of serving the oil and gas and petrochemical industries, Tiong
Woon was given the task of transporting and installing the column.

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The works included the design and construction of a temporary RORO jetty that was located on Jurong Island and the temporary road works, and modification for the transportation from RORO jetty to the installation site. Tiong Woon is one of the top 10 companies in the world to own cranes of 1600 tonne lift
and above. The Group is ranked as the 14th largest crane owning company worldwide by International Cranes and Specialised Transport, a reputable trade magazine, in its
IC50 2012 survey. Mr Ang Kah Hong, Tiong Woon’s Group Chairman and Managing Director said: “We are privileged to be part of the team to contribute towards the successful completion of this
project. It was indeed a challenging task. However, as a one-stop heavy haulage and lifting solutions provider to the oil and gas and petrochemical industries, we have the
experience and expertise to meet this challenge for our client effectively.” Tiong Woon is also involved in transporting, lifting and installing 62 other pieces of equipment for the JAC project. Other equipment deployed include the 600-tonne Terex
Demag CC2800-1, 300-tonne Terex Demag CC1800, 280-tonne IHI CCH2800 and 64- axle Goldhofer Self Propelled Modular Trailers.
The US$2.4 billion aromatics complex which is situated in Jurong Island, Singapore is expected to be completed in 2014. The completed complex will process 4.5 million
tonnes per annum of condensate feedstock to produce 1.44 million tonnes per annum of aromatics, consisting of 800,000 tonnes of paraxylene, 200,000 tonnes of orthoxylene
and 400,000 tonnes of benzene as well as 2.47 million tonnes of oil products per annum. It will be the world’s largest aromatics complex in terms of its size and production capacity.
- End

Tiong Woon: Revenue Rises 34% To S$100M For First Half Of Fiscal
Year 2013 Ended 31 December 2012.

06 Feb 2013 18:03 Tiong Woon Corporation Holding Ltd announced its results for first half of its fiscal 2013 ended 31 December 2012. It posted a revenue of S$99.7 million, up 34% and net profit of S$8.0 million, up 479% compared to the same period in the previous financial year. This was due mainly to the increase in revenues and margins from the Heavy Lift and Haulage and Trading segments. Gross profit increased 55% to S$27.5 million with gross profit margin of 28% compared to 24% previously. As a result of stronger profits, earnings per share for 1HFY2013 was significantly higher at 1.97 cents compared to 0.29 cent previously.

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