In July 2023, HLA reinforced its commitment to the business by opening the HL-Sunway Prefab Hub, Singapore's largest integrated construction and prefabrication hub (ICPH). The ICPH can supply 100,000 cubic metres of precast elements for 2,500 dwelling units.
Hong Leong Asia (HLA), through its building materials unit (BMU), is poised to benefit from the local construction boom. This is reflected in its Singapore BMU order book, which remains "very strong" as of FY2024, ended Dec 31, 2024, says Patrick Yau, the group’s chief investment officer at its results briefing on Feb 27.
HLA’s BMU encompasses cement, precast concrete products, ready-mix concrete (RMC) and quarry products. Its local arm spans precast products and RMC, while its main business in Malaysia is cement. According to Hong Leong Group’s website, HLA’s BMU is also one of the largest suppliers of key building materials in Singapore.
