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Chiyoda to Offer Construction Services for Stolthaven’s Chemical Storage Terminals

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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

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