By TMR / Graphic By TMR
USG Boral Building Products Pte Ltd, a building products technology provider, has moved its corporate headquarters from Kuala Lumpur (KL) to Singapore. With the relocation, the company’s key executive team will now be based in the Singapore office at Shenton Way, with the KL office continuing to serve as its operations headquarters.
The management team moving to Singapore include the CEO, CTO, general counsel and senior VP of human resources.
“We want to ensure our organisation is primed for strong and continued growth in the region. Being located in Singapore will enable us access to a broader talent pool in the market and enhance our corporate profile in the construction industry,” USG Boral CEO Frederic de Rougemont said in a statement.
Singapore provides access to fast-growing economies including China, India and South- East Asia — all of which are key markets for USG Boral, the company said in the statement.
With the recent initiatives from the local government to reinvigorate the construction sector, such as the launch of the construction industry transformation map and infrastructure office, USG Boral said the “strategic move” will allow it to leverage opportunities to support its business growth and succession planning.
Singapore Economic Development Board assistant MD Lim Kok Kiang said Singapore’s connectivity to the region, diverse talent pool, strong ecosystem of partners and pro-business environment are key attributes that companies value, which can help them accelerate business growth and strengthen their global footprint.
“This is especially crucial in light of new opportunities driven by rising infrastructure demand in Asia,” he said in the same statement.
Singapore is currently home to more than 7,000 multinational corporations’ regional or global headquarters. Founded in 2014, USG Boral is a joint venture between USG Corp and Boral Ltd.
A manufacturer and supplier of plaster-boards, it produces plasterboard, ceiling tile and suspension systems, metal framing, jointing compounds and industrial plasters. — TMR