SembWaste Cleantech, a wholly-owned subsidiary of SembCorp Environmental Management (SembEnviro) has landed cleaning contracts valued at S$24.8 million over the next three years.

From October 1, 2003, SembWaste Cleantech will take over the conservancy cleaning of the entire Pasir Ris and Toa Payoh regions. With these two additions, SembWaste Cleantech has garnered a 21 per cent market share of the Town Council conservancy market.

In addition, SembWaste Cleantech managed to renew and secure several new commercial cleaning contracts in well-established commercial buildings and sites like Prima Limited, Goldbell Tower, Lau Pa Sat, Boon Tat Street Satay Club and the Singapore Turf Club.

SembWaste Cleantech has also bagged contracts to keep the parks clean and green in the Hong Kah Town Council Zones N7, N8 and N9 along with Orchid Country Club. The car parks at Kampong Ubi and Rivervale Plaza will also come under the management of the SembWaste CleanTech team.

SembEnviro President and CEO Loh Wai Kiew said: “The award of these contracts demonstrate that we have successfully re-engineered the operations of SembWaste Cleantech. We have upgraded the skills of our people, invested in more advanced technology and geared our operations towards performance-based output. SembWaste Cleantech has clearly become more efficient and professional, and I believe we will continue to gain customers and market share with these efforts. ”

“These contracts are a reflection of our customers’ confidence in our ability to provide innovative and professional services to meet our customers’ everyday needs”, added Chew Bong Koon, General Manager of SembWaste Cleantech.

These contracts are not expected to have any material effect on the net tangible assets per share and earnings per share of SembCorp Industries for the current financial year.

For press and analyst enquiries, please contact:

Ng Lay San (Ms)
Manager
Group Corporate Relations
SembCorp Industries
Tel: (65) 6723 3150
Fax: (65) 6822 3240
Email: [email protected]

About SembEnviro

SembEnviro is the largest environmental services company in Asia, offering total integrated environmental management solutions including collection and post collection of waste, recycling and recovery, waste-to-energy, industrial and commercial cleaning and cleansing, environmental consultancy & technology, conversion technologies and industrial biological treatment. It owns a stake in SITA Environmental Solutions, the second largest waste management company in Australia with operations in Sydney, Perth, Brisbane, Adelaide and Melbourne.

In China, SembEnviro has a 60 per cent stake in Shanghai SembEnviro Reliance which is the second largest privately-owned industrial and commercial waste management services company in Pudong, Shanghai while in Malaysia, SembEnviro is engaged in the biomass waste-to-energy business in partnership with Consolidated Plantations, a Sime Darby subsidiary.