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.