The Company

Hong Leong Asia Ltd is the Trade & Industry arm of the Hong Leong Group,

a Singapore-based conglomerate.

 

Listed on Singapore Stock Exchange since 1998, the group started from a humble beginning as a building materials supplier in Singapore, and has since grown into a major diversified industrial conglomerate in China, Singapore and Malaysia with over 80 per cent of its market beyond the shores of Singapore.

Growth of a legacy in Asia

How It All Began

Born in 1911 to a destitute family in his native Fujian Province in China, Mr Kwek Hong Png grew up under tough conditions on a farm. At the tender age of 16 and armed with only an $8 ticket, a straw mat and a quilt for warmth but embodying big hopes and dreams, he boarded a cargo vessel in Xiamen and made the arduous journey over to Singapore.

 

After working at a hardware store and gradually gaining experience over the years, he started Hong Leong in 1941 as a general trading firm dealing in ropes, paints, ship and rubber estate supplies. His entrepreneurial skills saw that the business grew to become one of Singapore's largest conglomerates with interests in property, hotels, financial services and Trade & Industry. The Hong Leong Group, behind its name is a profound meaning in Chinese of a company with high growth potential and an abundance of opportunities to grow from strength to strength.

Kwek Hong Png, Hong Leong Group Founder

1941: Humble Beginnings

Hong Leong Company started as a general trading firm dealing in ropes, paints, ship and rubber estate supplies. Business was conducted in a small shophouse at Beach Road.

1956: Pioneers of Industrialisation

The group's founder fostered strong ties with Japanese industrialists and went on to form a joint venture called Singapore Cement Manufacturing Company with Mitsui & Co Limited and Onoda Cement Co Limited to capitalise on Singapore's Industrialisation programme.

1989: Quantum Leap To China

The Company expanded into China and acquired interest in diesel engines, industrial packaging material and consumer products businesses. Its diesel engine unit, Yuchai International Limited was listed on the New York Stock Exchange in 1993.

2009: Further Expansion into Malaysia

HLA further expanded its footprint in the building material business in Malaysia by acquiring Tasek Cement Limited. Tasek is a pioneer in cement business which commenced cement production in 1964 with its production facility in Ipoh.

Today: Emerging Asian Conglomerate

Today, HLA has evolved as one of the region's major manufacturing and distribution players with its success intricately linked to its diversification across the region. With 80% of its market beyond Singapore, the group is well placed to scale greater heights.