Hong Leong Asia opens precast facility in Punggol to beef up supply chain
INDUSTRIAL conglomerate Hong Leong Asia (HLA) : H22 0% aims to diversify and strengthen its supply chain, and will do this through a precast facility in Punggol that will produce more of its building materials locally.
The company on Friday (Jul 21) opened the 3.8-hectare facility, a joint venture with Sunway Construction Group. HLA has a 51 per cent stake in the integrated construction and prefabrication hub (ICPH), and Sunway Construction, the remaining 49 per cent.
The facility in Punggol, which took nearly five years to build, is the largest of its kind in Singapore, the company said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Centurion JV to lease 15 floors of Hong Kong building for student accommodation business
Digitalisation of banking creates new risks, says global watchdog
BT jumps after new CEO aims to double free cash flow, focus on UK
Deutsche Bank under fire from investors over Postbank problems
China’s Baidu beats quarterly revenue estimates on ad recovery, cloud demand
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive