Sime Darby’s JV company bags second PSA S’pore deal

Trucks ply the serviceway at PSA's Keppel container port in Singapore April 18, 2016. REUTERS/Edgar Su

KUALA LUMPUR: Terberg Tractors Malaysia Sdn Bhd, a 50:50 joint venture between Sime Darby Bhd’s unit Sime Darby Industrial and Netherlands-based Terberg Group, has clinched contracts worth more than RM90mil from PSA Singapore Terminals (PSA), the world’s largest container transshipment hub.

Sime Darby said in a statement that Terberg Tractors Malaysia would manufacture and supply PSA with a total of 290 terminal tractors, with an option for another 390 units.

The delivery will take place between October 2016 and March 2017.
 
Terberg Tractors Malaysia general manager Boo Wei Ching said the deal with PSA represented the second such deal of this size, and a testament to the quality and value the company brought to the table.

The company previously secured a large contract from PSA in 2013.
 
“We are renowned for being reliable and efficient and have established our expertise and track record throughout the region over the years,” Boo said.

He said Terberg Tractors Malaysia was bullish on the outlook for terminal tractors this year.

“There are strong growth prospects in the Asia-Pacific region, including Singapore, Vietnam, Indonesia and domestically in Malaysia as well. We look forward to strengthening our presence in these markets and tap into new ones such as South Korea and Pakistan,” he said.
 
Terberg Tractors Malaysia serves the terminal tractor market in more than 46 countries across Asia-Pacific through its network of 11 international dealers. The products are made in Pasir Gudang by its wholly-owned subsidiary, Terberg Manufacturing & Assembly Sdn Bhd.

Sime Darby shares fell 2 sen to close at RM7.49 on Monday, with 2.573 million shares done.