Intraco recharts course for the next 50 years
- Intraco strives to continually create shareholder value by growing the businesses in its portfolio and driving long-term growth and sustainability through new investments
Intraco was founded by the Singapore government in 1968 and had just commemorated its golden jubilee year. Established alongside DBS Bank and Jurong Town Corp, Intraco was considered by then Singapore finance minister Goh Keng Swee as “the most complex, difficult and challenging undertaking among the three institutions.”
Despite challenges, Intraco successfully laid the foundation to support Singapore’s early industrialisation process, paving the way for a newly independent country to plug into global trade supplies for the purpose of nation-home building.
Succeeding in its original mission, Intraco today is a publicly listed investment company with stakes in fire protection under K. A. Group, plastic resin trading and distribution under Intraco Trading, radio coverage infrastructure under Intrawave, crane and equipment rental under Tat Hong Intraco, and colour-compounding businesses under Dynamic Colours.
“We have trade ties with many key industries in different countries. Leveraging on our extensive network in the Asean region, Intraco is pursuing new areas to distribute our plastics resin and fire protection products,” says CEO Nicholas Yoong.
With strengthening financials, improving liquidity and low gearing, Intraco strives to continually create shareholder value by growing the businesses in its portfolio and driving long-term growth and sustainability through new investments. Supported by an experienced board, Intraco is undergoing transformation to continue its illustrious journey.
With offices in Malaysia, Vietnam, China, Myanmar, and Jakarta, Indonesia, Intraco aims to expand each business regionally with a view of driving improvements in profitability. Intraco sees growth in related businesses such as building materials and fire protection services, but is also actively exploring partnership or acquisition opportunities in the education, health care and food manufacturing-distribution sectors, as these industries are considered recession-proof and easily scalable.
“We aim to help companies regionalise and scale their business. By partnering with us, they benefit from being part of a reputable Singapore publicly listed company. We humbly invite partners in the region to reach out to us for collaboration opportunities,” Yoong says.