Singamas sees high growth and good business opportunities thanks to green technology
- Among the largest container manufacturers in the world, Singamas is also a staunch supporter of ESG initiatives and green R&D
Country Business Reports interviews and articles by Discovery Reports
Amid the wave of green reforms sweeping across industries around the globe, one of Asia’s leading marine container manufacturers has seized the opportunity to transform its business through technological advancements that place the environment at centre stage, while enjoying better cost and work efficiency.
Singamas Container Holdings credits its success to investments in the research and development (R&D) of customised special containers and other green products as a response to China’s sustainable development initiatives. Among the company’s green solutions is the energy storage system box, an insulated container with circuit lighting that has become one of its fastest-growing products.
“Energy storage system containers and other green container products will account for an increasing proportion of Singamas’ total turnover, which will lead to better profit margins for us in the future,” said Teo Siong Seng, chairman and CEO.
Having a wide range of applications, energy storage system boxes have the ability to store electricity during periods of low consumption, and then supply it at peak periods, thereby providing power at a lower cost. On the power generation side, it can ensure the stability and continuity of new energy power generation. Due to the huge demand for energy storage system containers – which require higher technological specifications and more complex fabrication processes – manufacturers can expect returns that are greater than that from traditional dry containers.
