YONGNAM HOLDINGS LIMITED • ANNUAL REPORT 2005 ANNUAL REPORT YONGNAM HOLDINGS LIMITED • annual report 2005 YONGNAM HOLDINGS LIMITED 51 Tuas South Street 5, Tel: (65) 6758 1511 Singapore 637644 Fax: (65) 6758 0753 www.yongnam.com.sg
[email protected] Contents 1 Corporate Profile • 2 Chairman’s Statement • 4 Board of Directors • 6 Key Executives 7 Corporate Information • 8 Operations Review • 12 Financial Highlights 13 Financial Contents YONGNAM HOLDINGS LIMITED :: Annual Report 2005 1 Corporate Profile Shaping the city skyline, adding structural and aesthetic value to buildings, laying solid foundations that give people the confidence to build upon – Yongnam aspires to be the name synonymous with such ideals. Steel is increasingly the material of choice for the construction of buildings and temporary support for deep excavations. The advantages of using steel over conventional material such as concrete for building construction are numerous. The higher speed of construction, superior material strength to volume ratio, flexibility in design and aesthetics are just some of the benefits of using steel. Yongnam excels in adding value to steel. Its steel fabrication experience has spanned more than 30 years. Together with production facilities in Malaysia, the Group has a total production capacity of 45,000 tons of steel fabrication. Its Singapore operations are housed at its mega-site in Tuas. The Group utilizes latest steel technologies to exploit innovative designs and methods. Yongnam’s technical and value engineering solutions for steel fabrication and erection have resulted in increased productivity, improved yield and lower costs. Furthermore, our in-house pool of experienced and qualified engineers, technicians, welders, riggers, fitters and detailers are consistently adding value to our clients’ project requirements.