SINGAPORE, 16 August 2017

Wong Fong Industries Limited has signed a sale and purchase agreement to acquire a 60% stake in a hospitality consultancy and training group, Ascendo International Holdings Pte. Ltd.

SINGAPORE, 19 June 2017

Press Release: Wong Fong Industries expands range of waste management solutions through collaboration with two European brands

SINGAPORE, 19 June 2017 – Wong Fong Industries Limited (黄芳工业有限公司) (“Wong Fong Industries” or the “Company” and together with its subsidiaries, the “Group”), one of Singapore’s leading providers of land transport engineering solutions and systems, has entered into collaboration with two European principals, Bucher Industries AG and Europress Group Oy, which will add two established names, Bucher and Europress, to its stable of brands. Through the collaboration, the Group will supply a wider range of waste management products and solutions in Singapore and Myanmar, allowing it to cater to requirements for new technology and innovation in these markets.

The range of waste management products and solutions Wong Fong Industries currently offers include hook loaders, portable and rear-end compactors, skip lifts, container bins and mini-dumpers. With Bucher and Europress on board, Wong Fong Industries now has five brands in its waste management systems portfolio. The existing brands include Hektor – the Group’s in-house brand of portable compactors and mini-dumpers, Palfinger hookloaders and Pöttinger portable compactors.

The Group will be the exclusive distributor in Singapore and Myanmar for the entire range of compact sweepers and truck-mounted sweepers carried by Swiss company, Bucher Municipal AG, a division of Bucher Industries AG, for a period of two years starting 1 May 2017, including the provision of servicing and repair works. The Bucher sweeper vehicles, which are typically used for municipal services, road maintenance and facility management among other applications, provide efficient cleaning and are easy to operate with low maintenance costs.

At the same time, the Group has also been appointed to develop and market the range of SMART waste compactors by Finnish company, Europress Group Oy, in Singapore and Myanmar. Targeted at local waste management operators and municipal bodies, the first shipment of Europress SMART waste compactors will be delivered to Singapore for field testing in July 2017. Europress SMART waste compactors are known to be user-friendly as they communicate and guide the user, and automatically order their own emptying at the right time. Based on Europress Group Oy Introduction 2017 Presentation, in 2016, Europress SMART solutions helped reduce the total number of service trips in Finland by 76%.

Mr Eric Lew (刘振荣), Executive Director of the Group, said, “Solid waste output has increased significantly over the years in Southeast Asia. In Singapore alone, the amount of waste sent for disposal was 8,559 tonnes a day in 2016 compared to just 1,260 tonnes per day in 19701. In Yangon City, which has a population of around 5.2 million, 1,690 tons of waste is generated per day2. These statistics support an increasingly pressing need to dispose and recycle waste more cost effectively and efficiently. Wong Fong Industries is honoured to work with Bucher and Europress, who are leading global brands in their respective fields, to provide innovative and environmentally friendly solutions for waste management in Southeast Asia.”

About the Principals

  • Bucher Municipal AG is a world-leading supplier of municipal vehicles for cleaning and clearing operations on public and private roads and other traffic areas. Its range encompasses sweepers, winter maintenance equipment, as well as vehicles for refuse collection and sewer cleaning. Bucher vehicles offer efficient cleaning, ease of operation, low maintenance costs and good environmental compatibility, whatever the weather conditions. It is a division of Bucher Industries AG, which has a history that dates back to 1807.
    (http://www.buchermunicipal.com/en)
  • Europress Group Oy is the leading manufacturer of waste compactors and balers in Northern Europe. It was founded in the 1970s in Finland and is one of the pioneers in smart technology for compactors and balers that utilises technology to save on maintenances and provide the best return on investment to customers. It has delivered more than 20,000 machines worldwide.
    (https://www.europress.fi/en/company/)

1 National Environment Agency, overview on Waste Management
(http://www.nea.gov.sg/energy-waste/waste-management)

2 Climate & Clean Air Coalition, Solid Waste Management City Profile
(http://www.waste.ccacoalition.org/participant/yangon-myanmar)

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Issued for and on behalf of Wong Fong Industries Limited

August Consulting

Tel: 65 6733 8873

Karen Ting, karenting@august.com.sg

Silvia Heng, silviaheng@august.com.sg

Jeremy Sing, jeremysing@august.com.sg

SINGAPORE, 28 September 2016

Press Release: Wong Fong Industries’ revamped S$30 million facility reflects its focus on growth, innovation and sustainability

  • Guest-of-Honour, Deputy Prime Minister, Mr Tharman Shanmugaratnam, joins in the grand opening of this revamped building which received the BCA Green Mark ‘Gold’ certification
  • Built-up area more than doubled to greatly enhance production and assembly capabilities

SINGAPORE, 28 September 2016Wong Fong Industries Limited (黄芳工业有限公司) (“Wong Fong Industries” or the “Company” and together with its subsidiaries, the “Group”), one of Singapore’s leading providers of land transport engineering solutions and systems, today officially opens its revamped and expanded corporate headquarters and production facility at 79 Joo Koon Circle.

Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Mr Tharman Shanmugaratnam, is the Guest-of-Honour.

The premise, which is valued over S$30 million after the completion of the revamp, reflects the Group’s integrated approach to reinforce its industry leadership position and its focus on innovation and sustainability. With the doubling of its built-up area to approximately 128,000 square feet (“sq ft”), Wong Fong Industries’ production and assembly capabilities will be expanded and enhanced, largely to support the production of innovative products and solutions developed by the Wong Fong Research and Innovation Centre (“WFRIC”). WFRIC was established in 2013 to envision, engineer, and implement smarter solutions for the engineering industry, particularly in the Military, Urban material regeneration, Specialised vehicles and Electric-mobility (“M.U.S.E”) sectors.

Mr Eric Lew (刘振荣), Executive Director of the Group, said, “Our expanded and revamped premise reflects our commitment to research and innovation, which will continue to allow us to play a leading role in bringing game-changing ideas and cutting-edge solutions to the M.U.S.E sectors that we are focusing on.”

The revamped premise has also been awarded the Green Mark ‘Gold’ certification by the Building and Construction Authority, with one of its key sustainability features being the significant usage of solar energy. With the installation of approximately 20,000 sq ft of solar panels on the roof of the building, up to 30% of the Group’s electricity requirement will be powered by solar energy.

The building’s rooftop will also house a large expanse of garden with green plants to improve heat insulation for the building, as well as an innovative system to harvest rainwater for irrigation of the plants.

“The environmentally-friendly features like the use of solar panels for electricity generation and the ‘greening’ of the building’s rooftop are marks of our drive to develop a sustainable business. We are one of the early adopters of such building features in our industry and we believe this will help position Wong Fong Industries as a forward-thinking market leader,” added Mr Lew.

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Issued for and on behalf of Wong Fong Industries Limited

August Consulting

Tel: 65 6733 8873

Karen Ting, karenting@august.com.sg

Jeremy Sing, jeremysing@august.com.sg

Benjamin Ong, benong@august.com.sg

About Wong Fong Industries

With origins tracing back to 1964, Wong Fong Industries Limited (“Wong Fong Industries” and together with its subsidiaries, the “Group”) is one of the leading providers of land transport engineering solutions and systems for various industries, with a presence in Singapore, Malaysia and the People’s Republic of China.

The Group’s four core businesses include (1) Equipment Sales, (2) Projects, (3) Repairs and Servicing, and (4) Training. Apart from the sale and installation of load handling systems and waste management systems, the Group also manages projects in which it provides design, customisation, fabrication and integration services to meet customers’ requirements. The Group owns one of the largest service centres for truck-mounted cranes and hookloaders in Singapore and provides accredited training courses relating to, among others, operation of industrial equipment, risk management implementation and supervision of safe lifting operations.

As at 15 June 2016, the Group has manufacturing facilities in Singapore and Malaysia with a combined land area of approximately 16,500 square meters and a broad customer base comprising more than 3,000 customers from various industries.

 

IMPORTANT NOTICE                                                                                                                                                     

 

This Press Release has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, United Overseas Bank Limited (the “Sponsor”), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this Press Release. This Press Release has not been examined or approved by the SGX-ST and the SGX-ST assume no responsibility for the contents of this Press Release, including the correctness of any of the statements or opinions made or reports contained in this Press Release. The contact person for the Sponsor is Mr Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.