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Making utilities a pillar in Sembcorp

Sembcorp Industries' CEO Tang Kin Fei has played an instrumental role over the past 2 decades. By LEE MEIXIAN

Mr Tang: 'It is impossible for us to continue injecting money into another country to grow our business. Over the longer term, we need to have a structure in India that's self-sustaining.' - PHOTO: ARTHUR LEE

SOME 20 years ago, Sembcorp Industries, a heavyweight in Singapore's utilities sector and a blue-chip conglomerate, didn't actually have a utilities business. Today, utilities, comprising energy, water, solid waste management and on-site logistics, contributed $450 million in 2013 net profit -...

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