Chinese tower crane manufacturer Yongmao Holdings Limited and its subsidiaries has secured S$3 million worth of contracts from Myanmar.
Under these new contracts 10 units of the STT series of tower cranes have been sold to Erect Group in Singapore for its end user in Myanmar, a company spokesperson said. Deliveries will be in 2014 and 2015.
Sun Tian, Yongmao Holdings Limited executive director and group general manager, said, “Following our first foray into the Myanmar market, we are expanding our foothold in this region. We foresee that urbanisation and economic development will drive higher construction activities to support this progression.”