Ever Glory United Surpasses S$1 Billion Order Book with New Contracts

Singapore, Singapore Jul 27, 2026 ALN: [SINGAPORE] Ever Glory United, a prominent player in the mechanical and electrical engineering sector, has recently announced a significant milestone in its business trajectory. The company has secured new contracts valued at over S$168 million, which has propelled its order book to exceed S$1 billion for the first time in its operational history. This achievement marks a notable moment for the firm, reflecting its growth and resilience in a competitive market.

The new contracts include a significant engagement with the Defence Science and Technology Agency (DSTA), which is responsible for the development and procurement of defense technologies in Singapore. This particular project involves a subcontract for electrical works, underscoring Ever Glory United's capabilities in handling complex and critical projects. The company’s recent successes bring the total value of orders secured since the beginning of 2026 to approximately S$400 million, indicating a robust demand for its services in the current economic climate.

The announcement was made through a bourse filing on Monday, July 27, and highlights the company’s strategic positioning within the industry. Ever Glory United had previously transitioned its listing from the Catalist to the mainboard of the Singapore Exchange (SGX) in December 2025, a move that is often seen as a sign of maturity and increased visibility in the market. The expanded order book not only enhances the company’s financial stability but also provides “earnings visibility through 2028 and beyond,” according to the firm.

In addition to the DSTA project, Ever Glory United is set to undertake mechanical and electrical works for various commercial mixed developments. This diversification of projects is crucial, as it allows the company to tap into different segments of the construction market, thereby mitigating risks associated with reliance on a single type of project or client.

Earlier in May, the company had already announced the acquisition of approximately S$230 million in new contracts, which included significant projects for the Land Transport Authority and Resorts World Sentosa. These projects not only bolster the company’s portfolio but also highlight its capacity to engage with major public and private sector clients in Singapore.

XU Ruibing, the chief executive officer and executive director of Ever Glory United, expressed optimism regarding the company’s future, stating that crossing the S$1 billion threshold is a significant milestone for the organization. He noted that the order book has grown from S$732.8 million at the beginning of the year to beyond S$1 billion in just seven months, which is an impressive feat in the context of the industry. Xu further emphasized that the group sees “a healthy pipeline of opportunities ahead” as construction demand in Singapore remains strong, indicating that the company is well-positioned to capitalize on ongoing and future projects.

The construction sector in Singapore has shown remarkable resilience and growth, as evidenced by a market report from SGX, which indicated that the Republic’s construction sector grew by 11.8 percent year on year in the first quarter of 2026. This growth trend is expected to continue, with advance estimates for the second quarter indicating further growth of 6.2 percent. Such a positive outlook for the construction industry is beneficial for companies like Ever Glory United, as it suggests a sustained demand for engineering services and infrastructure development.

The implications of Ever Glory United’s expanded order book are significant not only for the company but also for the broader construction and engineering landscape in Singapore. A robust order book can lead to increased employment opportunities as the company may need to hire additional skilled workers to meet the demands of new projects. Furthermore, as the construction sector grows, it can have a multiplier effect on the economy, contributing to related industries such as manufacturing, logistics, and retail.

Investors are also likely to view this news positively, as it reflects the company’s growth potential and ability to secure contracts in a competitive environment. Shares of Ever Glory United ended Monday at S$0.845, marking an increase of S$0.005 or 0.6 percent higher before the announcement of the new contracts. This uptick in share price may be indicative of investor confidence in the company’s future performance.

As Ever Glory United continues to secure new contracts and expand its operations, it will be crucial for the company to maintain high standards of quality and efficiency in its project execution. The successful delivery of projects not only enhances the company’s reputation but also positions it favorably for future contracts. The competitive landscape in the engineering sector necessitates that firms remain agile and responsive to market demands, and Ever Glory United's recent achievements suggest that it is well-equipped to navigate these challenges.

In conclusion, Ever Glory United’s surpassing of the S$1 billion order book threshold is a significant milestone that reflects its growth, resilience, and potential in the mechanical and electrical engineering sector. With a strong pipeline of opportunities and a favorable market outlook, the company is poised for continued success in the coming years. Stakeholders, including investors, employees, and clients, will be watching closely as the company embarks on this new chapter in its growth story.

To further understand the significance of this achievement, it is essential to consider the broader context of the mechanical and electrical engineering industry in Singapore. The sector plays a crucial role in the nation’s economic development, contributing to infrastructure projects that are vital for the country’s growth and sustainability. As Singapore continues to evolve as a global business hub, the demand for modernized infrastructure and advanced engineering solutions is expected to rise.

Ever Glory United’s strategic focus on securing contracts with government agencies and large private entities positions it well within this expanding market. The company’s ability to adapt to the changing needs of clients and the industry landscape will be key to sustaining its growth momentum. As urbanization and technological advancements drive the need for innovative engineering solutions, companies like Ever Glory United must remain at the forefront of these developments.

Furthermore, the company’s commitment to quality and safety standards is paramount in an industry where project execution can have significant implications for public safety and operational efficiency. Maintaining rigorous safety practices not only protects workers but also enhances the company’s reputation as a reliable contractor, which is essential for securing future projects.

As Ever Glory United looks ahead, it will likely continue to explore opportunities for strategic partnerships and collaborations that can enhance its service offerings and market reach. By leveraging technology and innovation, the company can improve operational efficiencies and deliver greater value to its clients, thereby solidifying its position in the competitive landscape.

In summary, the surpassing of the S$1 billion order book is not just a milestone for Ever Glory United; it represents a broader narrative of growth and resilience within Singapore’s construction and engineering sector. The company’s proactive approach to securing diverse projects, coupled with the favorable market conditions, places it in an advantageous position as it navigates the challenges and opportunities ahead. Stakeholders will be keenly observing how Ever Glory United harnesses its current momentum to drive future success and contribute to the ongoing development of Singapore’s infrastructure and engineering capabilities.