HG Metal expands production capacity with $20.8M acquisition
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HG Metal Manufacturing Limited has acquired a new industrial property at 47 Tuas View Circuit for $20.8 million from Hai Leck Engineering Limited. This acquisition aims to support HG Metal's projected growth from 2026 to 2029 by expanding production facilities and increasing storage capacity. The property includes multiple buildings and will be purchased with 12 years remaining on its lease. HG Metal anticipates benefiting from expected contract values of $39 billion to $46 billion during 2026-2029.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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