CRH plc has announced the official opening of its regional headquarters in Singapore. The new facility is in line with the company’s growing market presence in India and China, and will provide a base for further expansion opportunities throughout the region.
“The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium-term. CRH entered the China market in 2007, the India market in 2008, and the Malaysia market in 2012, and together with our business partners we employ approximately 15 000 people in Asia today,” said Ken McKnight, President of CRH Asia.
“We are pleased that CRH has located its Asian headquarters in Singapore which will strengthen the buildings solutions ecosystem in Singapore,” added Goh Chee Kiong, Executive Director, Building and Infrastructure Solutions at the Singapore Economic Development Board. “The rapid growth in urbanisation and the middle class in Asia present strong demand for building and infrastructure solutions. We welcome CRH’s move to leverage Singapore as its control tower to orchestrate growth in this region.”
In August of this year, CRH’s 50:50 Indian joint venture My Home Industries Ltd acquired Sree Jayajothi Cements Limited. The purchase of the 3.2 million tpa cement manufacturer allowed the company to become the cement market leader in Andhra Pradesh, southern India.
Adapted from press release by Louise Fordham
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