Hengdian Group, a leader in electrical and electronics, pharmaceuticals, and modern services, has inaugurated its Southeast Asia headquarters in Singapore. The new hub, located at IOI Central Boulevard Towers, marks the company’s first major base in the region and is set to spearhead a $300m investment plan over the next five years. This initiative is expected to generate up to 3,000 new jobs across Southeast Asia, supplementing the 1,000 positions already supported by Hengdian’s subsidiaries.
The Singapore headquarters will drive business development and market strategy, focusing on clean energy advancements in Thailand and Vietnam, strengthening supply chains in Indonesia and Malaysia, and expanding financial services through Singapore. Hengdian’s presence in Singapore underscores the city-state’s role as a strategic base for regional expansion, bolstered by its talent pool, connectivity, and innovation ecosystem.
Hengdian Group has a strong foothold in Southeast Asia, with operations in energy-efficient lighting manufacturing in Vietnam and a water-reuse system in Thailand. The company also plans to expand its pharmaceutical partnerships in Malaysia, reinforcing the region’s healthcare supply chains.
The group emphasises local employment, with over 90% of its workforce hired locally and more than 300 employees trained at its global headquarters. Hengdian’s expansion reflects its commitment to sustainable growth through localisation and co-development, aiming to enhance regional resilience and industry standards.
