Hafary sets eyes on overseas markets

Singapore

EVEN as it works hard to fight competition amid tapering domestic demand, Singapore's homegrown building materials supplier Hafary Holdings is seeking to widen its geographic base through overseas markets such as Malaysia and the UK.

This comes as more overseas opportunities open up for the Singapore-listed company on two fronts: Malaysia-listed group Hap Seng Consolidated Bhd has come on board as a controlling shareholder a year ago and Hafary's close business partners such as Oxley Holdings have spread their wings beyond the shores of Singapore.

"There are many developers in Singapore that have gone offshore and this is one area where we can servic…