Siam Minerals will be opening a sales office in July 2019 in the city-state to cater to its growing demand for high-quality drilling muds, adding to the firm’s regional footprint that already covers Thailand and Indonesia.
Singapore’s construction industry is set to grow by 3.3% per annum from 2019 to 2028, spurred by megaprojects in the transport sector, according to research by Fitch Solutions. These projects include the Thomson-East Coast Line, Changi Terminal 5, and the new Tuas Mega Port.
“Projects in the pipeline over the next decade are expected to spur demand for construction and related services, so we’re looking forward to bringing our support and expertise to the market,” Siam Minerals managing director Alexander Landau said.
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