HG Metal Outlines Capacity Expansion and Investment Plans in Response to Investor Queries
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HG Metal Manufacturing Limited has announced plans to expand its operational capacity by acquiring a new industrial property at 47 Tuas View Circuit, which will add up to 180,000 metric tonnes annually over the next three to five years. The company plans to invest S$15 million to S$20 million in phases to automate the facility, addressing capacity constraints at its current plant. This expansion supports its strategy to diversify into new construction segments beyond public infrastructure.
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