Under the Radar: CEO of ready-mix concrete innovation firm Pan-United Corporation on concrete demand for 2024 and the firm’s move to transform into a IP provider amid rising costs

The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

It is all about the concrete that goes into the buildings we live, work and play in today!

Founded in 1958, our guest Pan-United Corporation is a Singapore-grown and publicly listed concrete innovation company that aims to catalyse change and promote sustainability in the ready-mix concrete and logistics space.

The company is one the largest producers of concrete here in Asia. The firm has a catalogue of over 300 specialised concrete solutions and serves a wide variety of industries such as aviation, underground, transport and more.

In particular, its range of over 150 low-carbon concrete products were used in iconic buildings and urban structures such as Jewel at Changi Airport, the Helix Bridge, Gardens by the Bay and even residential homes like the Pinnacles@Duxton and Reflections at Keppel Bay.

Its concrete solutions also moulded infrastructure such as the Tuas Mega Port, our MRT Lines – the Circle Line, Downtown Line and Thomson East Coast Line – as well as highways.

Why are we talking about Pan-United Corporation you might ask. Well, the firm had in February reported a net profit of S$20.4 million for the second half of its 2023 financial year ended December, up 107 per cent from the year ago period.

The performance came amid higher revenue, driven by the firm’s concrete and cement business. But how does the firm assess its latest performance and what will be its key drivers of growth?

Meanwhile, Pan-United Corporation also plans to transform its business model to become a solutions provider and sell its intellectual property in sustainable concrete – so what can we look forward to on this front?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to May Ng, CEO, Pan-United Corporation.

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