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- เผยแพร่เมื่อ 14 ก.พ. 2022
- In today's episode of the Building Asia with UOB series, Liu Bin, Director of Toptip and NatSteel, shares their successful acquisition during the pandemic and how UOB's industry expertise and services enabled them to diversify their business and expand their trading in ASEAN.
The pandemic has resulted in supply bottlenecks for raw materials, while the reopening of the global economy has simultaneously sparked a demand surge, rocketing costs as a result. Steel is one of such, with Southeast Asia reporting a 20% increase in steel exports in the first half of 2021 when economies began to recover. The spotlight on supply chain resilience and sustainability has prompted shifts in manufacturing for diversification in the steel industry.
For Toptip Holding, an international trader specialising in iron ore and steel products, acquiring NatSteel-a leading steel producer and the largest metal recycler in Singapore-made perfect sense.
Supported by UOB's strategic expertise in the steel and construction industry, as well as our experience in financing mergers and acquisitions, Toptip was able to integrate its trading expertise with Natsteel's energy-efficient steel production capabilities, tapping on Singapore's role as a distribution hub for ASEAN.
Watch on to see how our regional network and deep industry expertise connects clients across value chains to capture opportunities and facilitate trade flows in #ASEAN and beyond.
Read the full success story of NatSteel here: go.uob.com/building-asia-nats...
#UOB #UOBAseanInsights #BuildingAsiaWithUOB
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