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NRA Capital Pte Ltd

Written by: NRA Team

Tuesday 29 Oct 2013

JEP Holdings Ltd. - Press Release

JEP Acquires Land to Extend Aerospace Engineering Capabilities

JEP has leased a plot of land in Loyang Way, with close to 24 years remaining on its lease. A 4-storey building will be constructed on the land to accommodate a new manufacturing facility, as part of the Company’s expansion plans. The building cost is estimated to be S$3.5 million, and it is expected to be operational in the first quarter of the financial year ending 31 December 2015.

29 October 2013 – JEP Holdings Ltd., (“JEP”, or “Company”), a leading provider of high-value precision machining and engineering solutions, announced that it has signed an agreement to lease a 1,216.05 sq. m. plot of land from Jurong Town Corporation. The land, located in Loyang Way, has close to 24 years remaining on its lease. A 4-storey building will be constructed on the land to accommodate a new manufacturing facility, as part of the Company’s expansion plans. The building cost is estimated to be S$3.5 million, and it is expected to be operational in the first quarter of the financial year ending 31 December 2015.

In  line  with  JEP’s  strategic  focus  on  the  aerospace  industry,  the  new  building  will  facilitate capabilities  such  as  laser  cutting  for  sheet  metal,  small  component  manufacturing,  and  heat treatment, to support the Group’s aerospace business and turn-key projects. Over the next 3 years,  JEP  intends  to  invest  an  additional  S$1.5  million  in  machines  and  equipment  to  fully equip the facilities. The total capital expenditure of S$5.0 million comprising of building cost and investment in machine and equipment will be funded with a combination of internal resources and bank borrowings.

“The additional floor area of this facility will give us the opportunity to offer even greater value to our customers, by extending our scope of work and providing greater scalability in  our  services.  This  is  in  line  with  our  efforts  to  solidify  JEP’s  position  as  a  leading supplier to the aerospace industry.” 

-  Mr Joe Lau, Executive Chairman and CEO, JEP Holdings Ltd. 


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