Multi Ways Holdings Orders 62 Heavy Trucks Worth Approximately S$8.24 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
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Multi Ways Holdings announced that it has placed an order for 62 Sinotruk vehicles valued at approximately S$8.24 million and entered into a Sinotruk dealership agreement with Cycle & Carriage Ventures, a subsidiary of Jardine Cycle & Carriage. The order comprises 40 Sitrak G7 8x4 cement mixers and 22 Sitrak G7 8x4 tipper trucks, each equipped with HOWO automatic transmission systems. Delivery is expected within approximately three months of order confirmation, with vehicles carrying a one-year warranty on engine, gearbox, and axle components. The acquisition expands Multi Ways' fleet capacity to address demand for heavy-duty commercial vehicles in the construction and logistics sectors.
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About MWG
Multi Ways Holdings Limited is a holding company. The Company, through its subsidiaries, is primarily engaged in the sale and rental of heavy construction equipment in Singapore and the surrounding region. The Company offers a variety of new and used heavy construction equipment for sale and rental by its customers, ranging from earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators, and generators and compressors, such as air compressors, generators, lighting towers and welding machines. It also offers services to its customers, such as servicing and maintenance services for heavy construction equipment, and customization of heavy construction equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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