Corporate News Release
Transfer of Enzyme Business to CLP International Pte Ltd
News Release: October 2004
With effect from
October 2004, the enzyme business within CLP Group will be
transferred to CLP International Pte Ltd. The transfer of business is
part of the Group's ongoing efforts to consolidate its core
businesses under CLP International.
The enzyme business
had previously been effected through our subsidiaries, Overon Pte Ltd and Trend Industries Pte Ltd. As
the manufacturing process, R&D and distribution activities were
all carried out by CLP International in the past, the transfer of
business was met with minimal impact.
In line with the
transfer of business, the range of enzyme products was given a new
brand name --- Vegazyme.
Joint Venture with Colorantes Industriales S.A
News Release: August 2003
With effect from 8th
August 2003, the leather chemical business of CLP International Pte
Ltd will be transferred to a newly incorporated company, CLP-Coloranties Pte Ltd. The new company is the
result of a joint venture between CLP International Pte Ltd and Colorantes Industriales
S.A., a Spanish company that is well regarded in Europe.
The Management of
both companies believe that the new joint venture company will
benefit from their combined knowledge and resources --- tapping on CLP's
established marketing network across Asia and Colorantes's
high performance products, new fashion articles, technical back-up
on CLP' s years of experience in the Asian
market, the transfer of business and operations to the new joint
venture company is expected to be smooth. The Management looks
forward to achieving greater customer satisfaction with the quality
products and services that the joint venture will be able to offer.
Change of Name for Chin Leong Construction Pte Ltd
News Release: May 2003
With effect from 26th
May 2003, Chin Leong Construction Pte Ltd will change its name to
Chin Leong Construction Systems Pte Ltd. The change of name will
better reflect the company's business activities of providing
contract services and materials to companies in the construction
Other than the change in name, no significant changes are being made
to the company's Management or business directives.
Restructuring of Chin Leong (CLP) Corporation Pte Ltd
News Release: April 2002
With effect from 1st
April 2002, the core businesses of Chin Leong (CLP) Corporation Pte
Ltd will be transferred to a newly incorporated company, CLP
International Pte Ltd, which is also a wholly owned subsidiary of
Chin Leong (CLP) Corporation Pte Ltd.
Besides taking over
Chin Leong's businesses in chemicals, construction chemicals, leather
chemicals and waste & cooling water treatment chemicals, CLP
International Pte Ltd will also act as the immediate holding company
for various subsidiaries in the CLP group.
exercise is part of CLP's efforts to streamline its operations,
especially its core businesses within the region, which has grown
substantially over the years. It is envisioned that the new group
structure will heighten our operational efficiency and allow us to react
more rapidly to changing business conditions.
The Management would
like to take this opportunity to thank all customers, suppliers,
business associates and employees of the CLP group for their support
in the past. Looking ahead, the Management will continue working
towards enhancing our mutually profitable relationships.