In my previous post, I have discussed quite a bit on the core business for the vehicle testing and inspection for Vicom. Today, we will look at the other side of its business - the non-vehicle testing services in the form of Setsco, a subsidiary owned by Vicom since 2003.

Setsco provides calibration, testing and certification services to various industries. Some of the main industries covered are Aerospace, Chemical, Construction and Manufacturing industries - a main pillar of Singapore economies in recent times. We will take a look at each industries later in more detail.

Based on historical data prior to 2011 (when Vicom is still reporting its segmental results), we know that revenue contribution proportion has been split 1/3 from vehicle division and 2/3 from its Non-vehicle division. On profitability however, the vehicle division accounted for 2/3 while its Non-vehicle division accounted for 1/3. With the main core business reaching somewhat ...