“ We will remain
focused on our core
R&R and A&A business
by riding on government
initiatives and regulatory
requirements by increasing
our market share in
these segments. “
“ Lastly, we are
on the lookout for
other potential acquisition
targets to further widen our
capabilities to include providing
mechanical and electrical, as
well as conservancy
cleaning services. “
We will continue to capitalise on the
Government’s plans to have 80% of
buildings to be Green Mark certified
by 2030. We have been working
with suppliers and manufacturers to
broaden our range of green products
under our own brand including the
recent launch of RevFlor, an anti-
slip floor coating, which we have
tested at the Taman Jurong market
and which we hope will become a
requirement for all markets in the
future. We are now in the process
of developing our own fireproof
coating, which is currently in the
testing phase.
In the area of renewable energy
installation, we are currently in
discussions with strategic partners
for a second contract to install solar
energy panels at more HDB blocks
as well as a second hydrogen fuel
cells installation project. Given the
recent spike in lift-related accidents,
we understand that the government
has plans to address safety issues by
installing these fuel cells in all HDB
blocks in Singapore and this will
present many opportunities for us.
Having identified C&P as a high
growth segment, we plan to set
up a Special Coating Division to
offer high value services with better
margins such as high performance
floor coating, fireproof coating,
waterproof coating and
architecture coating.
For all our other segments including
renovation and commercial fitting
out, landscaping and fleet rental,
we have beefed up manpower and
renewed our equipment so as to
cater to our expanding business in
these segments.
Lastly, we are on the lookout for
other potential acquisition targets
to further widen our capabilities to
include providing mechanical and
electrical, as well as conservancy
cleaning services. There is a
shortage of mechanical and
electrical tradesman in the market
especially because majority of
projects require such expertise.
As for conservancy cleaning, this is
an everlasting business because no
matter the economic conditions,
estates still have to be cleaned.
Appreciation
In closing, we would like to thank
the many groups of people who
have made it possible for us to
come this far.
First and foremost is our dedicated
workforce. They have truly taken on
the mantle of ensuring that ISOTeam
continue to deliver completed
projects that are over and beyond
the expectations of our customers.
This has in turn led to our leading
position in the market.
We also want to thank our business
partners and customers who have
supported and participated in our
growth. Over the years, they have
repeatedly affirmed us by placing
their trust in our ability to do an
outstanding job for them.
Lastly, we want to thank our
shareholders. Your investment
in ISOTeam is testament to the
confidence you have in us. We
will strive not to disappoint but to
steadily build a sustainable future for
the Group so as to unlock value for
our shareholders.
DAVID NG CHENG LIAN
CHAIRMAN
ANTHONY KOH THONG HUAT
CHIEF EXECUTIVE OFFICER
19
ISOTEAM LTD.
ANNUAL REPORT 2016
