The company's history dates back to 1941, when Mr. Kwek Hong Png, set up a trading business in building materials and rubber estate supplies. His entrepreneurial skills saw that the business grew to become the Hong Leong Group, one of Singapore's largest conglomerates with interests in property, hotels, financial services and Trade & Industry.
Listed on Singapore Stock Exchange since 1998, Hong Leong Asia Ltd is the Trade & Industry arm of Singapore conglomerate, Hong Leong Group. HLA started from a humble beginning as a building materials supplier in Singapore, and grew into a major diversified industrial conglomerate in China, Singapore and Malaysia.
In the early 1990s, HLA expanded into manufacturing and distribution businesses in China. The Company acquired interest in diesel engines, industrial packaging material and consumer products businesses in China. Its diesel engine unit, Yuchai has evolved to become one of the largest manufacturer of light-duty, medium-duty and heavy-duty diesel engines in China. Yuchai International Limited was listed on New York Stock Exchange in 1993.
In 2009, HLA further expanded our footprint in building material business. HLA acquired Tasek Corporation Berhad which was incorporated in 1962 as Tasek Cement Limited. Tasek is a pioneer in cement business which commenced cement production in 1964. It has production facility in Ipoh against the backdrop of scenic limestone hills and excellent infrastructure. Tasek is listed on the Main Board of Bursa Malaysia Securities Berhad.
Over the years, HLA has evolved strategically in its business scope over the years to become a successful and diversified business enterprise in the Asia region.
In Singapore, HLA’s Building Materials Unit is the largest integrated building materials supplier encompassing ready-mixed concrete, precast concrete products, cement and granite products. Its Precast Concrete Division is one of Singapore’s leading precast concrete suppliers specialising in prefabrication of building components.
In Malaysia, its subsidiary, Tasek Corporation Berhad, is one of the largest integrated cement manufacturer. The Group has quarries and precast facility in Malaysia.
In China, its subsidiary, Guangxi Yuchai Machinery Company Limited, is one of the top independent diesel engines maker. HLA also has businesses in industrial packaging and air-conditioning systems.
HLA has 4 main Business Units, namely
(Note: HLA exited from the Consumer Products Business Unit in mid 2018, which designs, manufactures and distributes fridge and freezers in China under the Xinfei and Frestec brands.)