Page 6 - ar2011

The founders of S-Team have more than 25
years of track record in manufacturing quality
power and control switchboards. Likewise, the
managementofTitanshasbeen intheswitchgear
business for over 26 years. With S-Team and
Titans coming under the management of
Gathergates Switchgear Pte Ltd, a wholly-
owned subsidiary of Gathergates Group Pte Ltd
(“Gathergates Group”), Gathergates Group’s
unique position as a merger of leaders in the
felds of switchgear design and manufacturing
is further strengthened.
The integration of key functions such as
procurement and production, sales and
marketing as well as distribution brings a further
optimisation of our resources and ultimately
allows us to offer timely service and higher
value-add to our business partners. By keeping
abreast of new and enabling technology, we are
also able to further automate our processes.
Such an initiative ensures that we continue to
improve and provide our customers with the
most reliable engineering solutions.
Recognising that the reliability of our products
and services is pivotal for sustained customer
loyalty, we constantly keep to high standards.
Our project specifcations are analysed via an
Advanced Evaluation System to devise the
best engineering solutions. Our manufacturing
processes undergo strict quality controls to
ensure a high level of effciency and reliability. In
addition, all our products are TYPE-tested from
200A to 6000A according to IEC Standards for
added quality assurance.
Outlook
The Building and Construction Authority
(“BCA”) has projected construction demand to
reach between S$21.0 billion and S$27.0 billion
in 2012. Construction demand in the public
sector is expected to remain strong, with a
large proportion of demand arising from public
housing and institutional building projects.
We are encouraged by the continued strong
demand from public sector and believe this
bodes well for our business.
NATURAL COOL HOLDINGS LIMITED
Annual Report 2011 4
Under the Government Land Sales programme,
there is a potential supply of approximately
12,250 condominium units and 2,500 executive
condominium units that are coming onto the
propertymarket. The Housing and Development
Board’s continual upgrading of HDB fats
will require routine testing, maintenance and
replacement of existing switchgears. All these
will bring about a relatively healthy order
book for Natural Cool. Given our strong track
record in servicing public housing and private
sector developments, with about 80% of HDB
upgrading market serviced by Natural Cool,
our Switchgear Division is well-positioned for
growth.
We expect our Aircon and Switchgear
businesses to beneft from Singapore’s robust
construction sector, which is supported by
a strong pipeline of committed and planned
developments and will continue to stay nimble
and competitive.
Corporate Social Responsibility (“CSR”)
Natural Cool remains committed to our
philosophy of “Doing Business with a Heart”.
As a leading provider of integrated building
controls management and switchgear solutions
that is based in Singapore, we undertake
initiatives to support the hearing-impaired
community in this city state. For over four years,
Natural Cool has been an Ambassador to the
Singapore Association for the Deaf (“SaDeaf”).
Last year, Natural Cool continued to reach out
to the hearing-impaired in partnership with
SaDeaf.
It is our honour to report that through two
milestone fundraising activities, Charity Walk
for the Deaf 2011 (“Charity Walk”) and Stamp
Auction held at Natural Cool’s Dinner & Dance,
we managed to raise close to S$24,000 for
SaDeaf. Natural Cool will continue to provide
more employment opportunities to persons
with disabilities in the future.
Letter to
Shareholders