Sembcorp's EM Expansions Provide Opportunities For Profit Growth

Singapore-based utilities and marine conglomerate Sembcorp Industries is increasingly globalising its operations, with the acquisition of a 49% stake in Thermal Powertech Corporation India (TPCIL) the latest example of its overseas expansion. CFW approves of this strategic direction not only because of the limited opportunities in Singapore's utilities sector, but also due to the growing demand for electricity and utility services in emerging Asia and the Middle East.

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