Sembcorp announces $528m strategic plan to lead in low-carbon industrial park developments

Sembcorp Industries has plans for a strategic plan for the urban business to establish itself as a leading low-carbon industrial park player in Asia. The urban business is a stable business segment with growth potential, having successfully developed 21 industrial parks spanning more than 14,000 hectares (35,000 acres) in key markets including Vietnam, Indonesia and China. 

To support these initiatives, Sembcorp will invest approximately S$700 million ($528 million), representing 5 percent of its total investments for 2024–2028, in its Integrated Urban Solutions segment, according to its release. The investment will be funded through a mixture of operating cash flo