BRC Asia still keen on China expansion

THE Covid-19 pandemic has dealt a blow to the construction sector, leading BRC Asia to put its internationalisation plans on the back burner. Nevertheless, the mainboard-listed steel dealer says it continues to have China and overseas expansion in its sights.

Now that a vaccine is available and countries are actively trying to restart their economies, CEO and executive director Seah Kiin Peng is cautiously optimistic that the company can aggressively pursue expansion in the second half of 2021 or early 2022.

The 82-year-old company supplies prefabricated steel products for reinforced concrete. It grew its business in Singapore after extensive government support encouraged this advanced model of construction amid a shortage of land and labour.