In civil engineering they have expertise in such activities as cofferdam construction. They also have expertise in several mechanical areas including plant maintenance. Projects completed by the Group include the Brunei Hangar, the OUB Sheares Bridge, the OUB Centre, and several other well-known and large projects in Singapore and the region. Its future plans include the consolidation of its Singapore fabrication facilities in one location to increase production capacity and improve productivity, and further expansion into overseas markets. Youngnam has identified Australia, Greece, Hong Kong and the Middle East as its potential markets.
Prolonged construction slow down in the region.
Overseas expansions move slowly. Youngnam works in a niche where reputation must be pretty important. With nearly 30 years of experience, many successful important projects as references, and experienced management, one would expect they are in strong position to compete for future major infrastructure projects in Singapore. Moreover, Singapore has a modern reputation in the region, so their successful history here bodes well for their overseas expansion efforts. This is a business selling at an attractive value and worthy of your time to investigate more thoroughly.