Multi Ways Holdings Expands Fleet with the Acquisition of 16 New Crawler Cranes
08 Maggio 2024 - 1:00PM
Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE
American: MWG), a leading supplier of a wide range of heavy
construction equipment for sales and rental in Singapore and the
surrounding region is pleased to announce its procurement contract
to acquire 16 new crawler cranes, further strengthening its fleet,
with deliveries expected throughout the remainder of 2024.
Signing of the Procurement Contract
Following the successful procurement and renewal
strategy announced in February 2024, Multi Ways has entered into
another purchase agreement with SANY International Development
Limited, a globally renowned manufacturer of top-tier construction
equipment. The newly acquired crawler cranes include the following
models:
- SANNY Crawler Crane: Model SCC 1000A-5- SANNY
Crawler Crane: Model SCS800A- SANNY Crawler Crane: Model SCC
800TB-5- SANNY Crawler Crane: Model SCC1200TB-5
This additional investment aligns with Multi
Ways' commitment to providing exceptional service, reliability, and
versatility to its customers. The Company's fleet expansion and
renewal strategy are driven by customer feedback and market
demands, ensuring that Multi Ways remains a leading provider in the
heavy construction equipment sector.
Mr. James Lim, Chairman and CEO of Multi Ways,
commented on the acquisition, stating, “We are excited to announce
the expansion of our fleet with the acquisition of these 16 new
crawler cranes. This strategic move reflects our dedication to
meeting the evolving needs of our customers and strengthening our
position in the market. With the construction sector showing
positive growth and significant infrastructure projects underway,
this investment comes strategically, allowing us to serve our
clients better and capitalize on market opportunities.”
Procuring these crawler cranes underscores Multi
Ways Holdings' ongoing commitment to operational excellence,
customer satisfaction, and strategic growth. The Company remains
focused on providing innovative solutions and top-quality equipment
to support the region's construction and infrastructure
development.
About Multi Ways Holdings LimitedMulti Ways
Holdings supplies a wide range of heavy construction equipment for
sales and rental in Singapore and the surrounding region. With more
than two decades of experience in the sales and rental of heavy
construction equipment business, the Company is widely established
as a reliable supplier of new and used heavy construction equipment
to customers from Singapore, Australia, UAE, Maldives, Indonesia,
and the Philippines. With our wide variety of heavy construction
equipment in our inventory and complementary equipment
refurbishment and cleaning services, Multi Ways is well-positioned
to serve customers as a one-stop shop. For more information, visit
www.multiwaysholdings.com.
Safe Harbor StatementThis press
release contains forward-looking statements. In addition, from time
to time, we or our representatives may make forward-looking
statements orally or in writing. We base these forward-looking
statements on our expectations and projections about future events,
which we derive from the information currently available to us.
Such forward-looking statements relate to future events or our
future performance, including: our financial performance and
projections; our growth in revenue and earnings; and our business
prospects and opportunities. You can identify forward-looking
statements by those that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
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these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. The forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us. We are not obligated to publicly update or
revise any forward-looking statement, whether as a result of
uncertainties and assumptions, the forward-looking events discussed
in this press release and other statements made from time to time
by us or our representatives might not occur.
Investor Relations
Contact: Matthew
Abenante,
IRCPresident Strategic
Investor Relations, LLC
Tel:
347-947-2093Email: matthew@strategic-ir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/878552d4-3554-4af0-a976-ed63b75ee7d0
Grafico Azioni Multi Ways (AMEX:MWG)
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Da Nov 2024 a Dic 2024
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