Metals trader Lee Kee eyes rising demand in region from Belt and Road Initiative
Singapore office set up to capture rising opportunities
China’s “Belt and Road Initiative” is expected to boost demand for commodities in the region and has prompted Hong Kong’s metals trader Lee Kee Holdings to set up an office in Singapore to capture rising opportunities.
Founded in 1947, Lee Keetrades zinc, nickel, aluminium and a host of other metals and supplies more than 1,000 manufacturers in China and Asia.
The company’s chief executive, Clara Chan Yuen-shan, said the company decided to open an office in Singapore to serve customers in Southeast Asia.
“We have many manufacturer customers in Vietnam, Malaysia and Indonesia making homewares, toys and other consumer products,” she told the South China Morning Post. “We are expecting an increase in demand from our customers in Southeast Asia in light of the ‘Belt and Road Initiative’. This is why we decided to expand in Singapore.”
This is Lee Kee’s first office outside Hong Kong, Taiwan and mainland China.