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An update from HG Metal Manufacturing Limited ( (SG:BTG) ) is now available.
HG Metal Manufacturing Limited has responded to queries from the Securities Investors Association (Singapore) about its expansion plans and operations, clarifying that its newly acquired industrial property at 47 Tuas View Circuit is expected to provide an additional annual operational capacity of up to 180,000 metric tonnes over the next three to five years. The company estimates it will invest S$15 million to S$20 million in phases to fit out and automate the new facility, aligning spending with cash flow, market conditions and operational priorities, a move that underscores its intention to alleviate capacity constraints at its nearly fully utilised existing plant and support its strategic diversification into new construction segments.
More about HG Metal Manufacturing Limited
HG Metal Manufacturing Limited is a Singapore-based steel solutions provider operating state-of-the-art, fully automated “cut and bend” facilities for steel reinforcement, with an annual production capacity of about 180,000 tonnes at its main site at 28 Jalan Buroh. The group’s core business lies in supplying and processing steel for construction and infrastructure projects, and it is seeking to diversify its customer base beyond MRT and public infrastructure into private residential, high-specification industrial buildings and educational institutions.
Average Trading Volume: 216,936
Technical Sentiment Signal: Buy
Current Market Cap: S$148.4M
Learn more about BTG stock on TipRanks’ Stock Analysis page.