Displaying items by tag: Singapore

Singapore: Malaysia-based YTL Corporation has concluded a conditional sale and purchase agreement for an 81% stake in NSL for US$169m. YTL Cement will launch a mandatory unconditional cash offer for all outstanding shares in NSL after completing the acquisition. NSL manufactures precast concrete components and operates an environmental services division.

Singapore: Pan-United Corporation has introduced a Sany electric-powered concrete mixer truck into its fleet. The truck has a 350kWh battery with a peak power of 360kW and a two-hour charging time. The move will reduce the CO₂ emissions per journey by 45%, in line with Pan-United Corporation’s goal of net zero ready-mix concrete production and distribution by 2050.

Pan-United Corporation CEO Ken Loh said "Pan-United is excited to welcome electric vehicles into Singapore’s built environment industry. We hope to eventually operate a substantial fleet of electric concrete mixer trucks for our day-to-day operations. This step marks an exciting new venture in exploring alternative fuel technology and a deepening commitment to accomplish Pan-United’s aim of being a carbon-neutral ready-mix concrete company by 2050."

Malaysia/Singapore: Pan-United Corporation has signed a new contract with renewable power provider Cleantech Solar. With the support of Keppel, Keppel Asia Infrastructure Fund and Shell Singapore, the partners will install 900 solar panels at Pan-United Corporation sites, including its Johor slag grinding plant in Malaysia. The building materials producer is executing the project as part of an existing three-year memorandum of understanding (MoU) with Shell Singapore for the decarbonisation in the built environment. Commissioning of Pan-United Corporation’s new solar power capacity is scheduled later in 2024.

Pan-United Corporation CEO May Ng said “We are delighted that our partnership with Shell has advanced our efforts to adopt renewable energy solutions, which are crucial in reducing our operational carbon emissions. Industry partnerships to leverage collective strengths is a sure way to decarbonisation. Solar deployment in collaboration with Cleantech Solar supports our efforts in contributing to the sustainability goals under the ‘Energy Reset’ pillar of the Singapore Green Plan 2030 and brings us closer to our sustainability target of becoming a carbon-neutral ready-mix concrete company by 2050.”