Corporate Profile
Tat Hong Holdings Ltd ("Tat Hong") is one of the world's largest crane companies1:
- No. 1 in terms of fleet size of crawler cranes
- No. 8 in terms of aggregate tonne-metres
In the Asia-pacific region, we are the largest crane company1 with a fleet size of over 1,000 crawler, mobile and tower cranes ranging from under 50 tonnes to 1,000 tonnes.
We were established in Singapore in the 1970s supplying cranes and heavy equipment. In June 2000, we were listed on the Singapore Stock Exchange – a historical milestone in our corporate history. Within three decades, we have grown our presence to 26 cities across Australia, China and Asia, with 39 offices in Australia alone.
Building on our strong foothold in the rental of crawler and mobile cranes, we are concurrently expanding our presence in two potential high-growth industries - heavy lifting and haulage and offshore and marine services.
Led by a visionary management team with rich experience in the cranes and heavy equipment industry, Tat Hong has carved a niche for itself in the region particularly in Singapore, Australia and China.
Ambitious Growth Track to Tap on the Booming Resources Sector
Through our Australian subsidiary, Tutt Bryant Group Limited ("Tutt Bryant"), we have a leading and active position in three key business areas in the Australian market:
- Crane hire and heavy haulage;
- Equipment sale and distribution; and
- General plant and equipment hire.
Currently the Group's main revenue contributor, we seek to extend our presence in Australia through Tutt Bryant, increasing our market share through organic growth and acquisitions of businesses that are complementary to the Group's activities. In particular, Australia's resilient oil and gas and resources sectors will continue to fuel our planned strategic expansion for our heavy lifting and haulage services.
1 Source: International Cranes, IC50 Ranking, June 2010
Strategic Expansion Plans through Synergistic Alliances
In China, Tat Hong has aggressively expanded its presence through various strategic joint ventures with well-established Chinese companies, such as China's largest towercrane rental company, Beijing ZhongJian Zhenghe Construction Machinery.
We will continue to lead as the largest tower crane rental group in China2 through M&As and organic growth, supported by our new strategic investor, AIF Capital III Shipping & Logistics Limited, a company under AIF Capital Asia III, L.P.
ASEAN remains as our second growth driver after the Australian market. In this region, we have successfully branded ourselves as the leading name in the crane rental, heavy lift and heavy haulage and sales business. We aim to extend this success with our offshore and marine services, through continuous participation in notable infrastructural and resources projects.
2 Source: International Cranes, IC50 Towers Ranking, June 2010
