SG60 Spotlight: Sembcorp Industries

From Shipyards to Sustainability: Powering Singapore’s Industrial Future 

As Singapore transformed from a trading port to a modern industrial hub, so too did 胜科工业 — a company that grew alongside the nation, evolving through decades of economic change. 

A Maritime Beginning 

Sembcorp’s roots date back to the 1960s with the establishment of shipyards and marine engineering services essential for Singapore’s port growth. As a cornerstone of Singapore’s heavy industry, it played a vital role in supporting the nation’s ambitions to become a global maritime and manufacturing hub. 

Leading the Green Transition 

In recent years, Sembcorp has shifted aggressively towards renewable energy, water management, and sustainable urban solutions — aligning with Singapore’s and the world’s push for decarbonisation and clean technology. 

Its portfolio includes: 

• Large-scale solar and wind projects across Asia 

• Innovative waste-to-energy plants 

• Smart water treatment solutions 

• Integrated urban developments focused on sustainability 

This transformation makes Sembcorp a pioneer in industrial sustainability in the region. 

Stock & Market Performance 

Sembcorp Industries (SGX: U96) has faced challenges typical of capital-intensive industrial firms — including fluctuations in commodity prices and energy markets. However: 

• It is benefiting from a regional renewable energy boom 

• Moving away from traditional fossil fuels towards green power generation 

• Delivering steady dividends backed by long-term infrastructure contracts 

• Seen rising investor interest amid ESG-focused capital flows 

 Why Investors Are Watching Sembcorp Now 

• Positioned to capitalise on Asia’s transition to cleaner energy 

• Plays a key role in Singapore’s sustainability goals and infrastructure buildout 

• Opportunity to invest in a company with both legacy industrial strength and green innovation 

• Trading at valuations appealing to investors seeking value and growth potential 

Your Turn: Trade Sembcorp on Phillip Nova 

Sembcorp’s journey from shipyards to renewables mirrors Singapore’s own transformation — from industrial port to green city. 

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