Pan Pacific Hotels Group (PPHG) has attained the Global Sustainable Tourism Council (GSTC) Industry Criteria for Hotels certification for its Singapore properties, also achieving the largest number of GSTC-certified room stock and certified properties (hotels & serviced suites) in Singapore – solidifying the Group’s commitment to sustainability and reinforcing its position as a leader in environmentally-conscious hospitality.
The GSTC Criteria is the global standard for sustainable travel and tourism. The GSTC Industry Criteria for Hotels fosters sustainable tourism practices across four key areas: effective sustainability planning, maximising social and economic benefits for the local community, enhancing cultural heritage, and reducing negative impact to the environment.
In February 2024, Pan Pacific Hotels Group attained the GSTC Multi-Site certification for all eight of the Group’s properties in Singapore. Additionally, seven of its properties – Pan Pacific Singapore, PARKROYAL COLLECTION Marina Bay, Singapore, PARKROYAL COLLECTION Pickering, Singapore, PARKROYAL on Beach Road, Pan Pacific Serviced Suites Orchard, Pan Pacific Serviced Suites Beach Road, and PARKROYAL Serviced Suites – have obtained ISO14001 certification, an internationally recognized standard for environmental management systems (EMS). Pan Pacific Orchard, Singapore is in the process of securing ISO14001 certification.
“Attaining the GSTC certification reaffirms PPHG’s commitment to sustainability and responsible business conduct,” said Mr. Choe Peng Sum, CEO of Pan Pacific Hotels Group. “At PPHG, sustainability is imperative and I am grateful for our teams’ immense efforts to attain the GSTC Multi-Site certification. This achievement is aligned with Singapore’s Green Plan 2030 and the Singapore Tourism Board’s (STB) Hotel Sustainability Roadmap – which aims for 60% of hotel room stock in Singapore to attain internationally-recognised sustainability certification by 2025.”
PPHG, with its PARKROYAL COLLECTION brand at the forefront, integrates sustainable practices throughout its operations and hospitality design. This encompasses green building design, cultural immersion, and community engagement to balance economic growth with social responsibility and environmental stewardship. By engaging guests in eco-conscious travel experiences, PPHG has become the first Singapore hotel group to achieve GSTC multi-site certification. The group invests in energy-efficient technologies, water-saving practices, and waste management strategies, such as LED lighting, recycling programs, and filtered tap water in rooms, to reduce its environmental footprint and promote responsible consumption.
Grundfos, a global leader in advanced pump solutions and sustainable water technologies, has inaugurated its SP Sub Factory in Semarang, Indonesia. This new facility is dedicated to manufacturing Grundfos SP submersible borehole pumps, specifically designed for pumping groundwater. The establishment of this factory underscores Grundfos’ commitment to the Indonesian market and its proactive approach to meet the growing demand for large-scale submersible deep-well pumps in the region.
In partnership with Tehnik Optima Pompa, a respected local industry expert, Grundfos aims to leverage combined expertise to deliver innovative and high-quality pump solutions tailored to the unique requirements of industries in Semarang and across Indonesia. The SP Sub Factory in Semarang reflects the company’s dedication to supporting local content and adhering to Indonesian regulations, fostering integration of local expertise and knowledge-sharing to ensure pumps meet the highest standards required in the Indonesian market.
Boy Ramadhan, Area Sales Manager for Water Utility at Grundfos Indonesia, expressed excitement about strengthening their presence in Semarang with the new factory. This strategic location enhances responsiveness to customer needs and aims to build lasting partnerships, support economic growth, and contribute to the development of the pump industry in Semarang.
The streamlined production processes at the SP Sub Factory enable faster availability and efficient delivery of pump units, addressing the need for timely project completions and smooth operations in Semarang. By bringing production closer to the market, Grundfos seeks to provide quick and reliable service while contributing to the local economy.
Grundfos prioritizes sustainability, evident in the SP Sub Factory’s incorporation of advanced technologies and green production practices aimed at optimizing energy efficiency and minimizing environmental impact. The company aims to support Semarang’s efforts towards a greener future through sustainable practices and production processes.
In addition to sustainability efforts, Grundfos is committed to community engagement and will actively participate in local social responsibility initiatives to support Semarang’s local community development and growth. Launching training programs and workshops for local professionals and technicians in the pump industry further demonstrates Grundfos’ long-term commitment to the Indonesian market, aiming to enhance skills, promote knowledge sharing, and support sustainable industry growth in Semarang and beyond.
Suntec City Office Towers, an iconic integrated commercial development located in the Marina Bay Precinct within Singapore’s Central Business District, embarks on a comprehensive refurbishment project with UnaBiz, Massive IoT service provider and integrator. The large-scale project includes the replacement of existing key equipment to enhance the reliability of the Air-Conditioning and Mechanical Ventilation (ACMV) system, and the installation of an indoor air quality (IAQ) monitoring solution to improve air quality standards and enhance the comfort of tenants in the office environment.
Suntec City is a landmark development which comprises five Grade A office towers, a world-class convention and exhibition centre, and one of Singapore’s largest shopping malls, all of which are interlinked by street-level plazas and underground walkways.
Over the next six months, UnaBiz will work together with ACMV expert, D-Team Engineering, to
Replace the Air Handling Unit (AHU) at the plant room located adjacent to the service corridor.
Replace the Variable Volume Air (VAV) Controller sets located within the office areas.
Deploy close to 800 wireless IAQ monitoring sensors and 50 LoRaWAN gateways to monitor the IAQ levels of all five Suntec City Office Towers to ensure consistent IAQ standards and monitor the performance of the new ACMV systems.
“Suntec City is dedicated to enhancing workspace comfort and upholding a commitment to environmental sustainability through the use of more energy-efficient equipment,” said Steven Kong, Senior Manager of Operations of APM Property Management. “The main purpose of the rejuvenation plan is to help maintain comfort and a stable temperature in all five office towers. A data-driven ACMV system ensures good air quality for shoppers and tenants, while a high energy-efficiency system helps optimise energy consumption and reduce carbon emissions.”
The Suntec office towers comprise five buildings named Towers One through Five with four containing 45 stories and one 18 stories. The latter has 28,000 square feet of net lettable floor area on each floor while the 45-storey towers consist of floor plates ranging from 10,000 to 14,000 square feet. UnaBiz will be installing Milesight IAQ sensors and gateways, with Actility ThingPark Enterprise on-premises IoT platform on a LoRaWAN network for this project. The deployment will be carried out in phases starting with Tower 4, followed by Tower 2, Tower 3, Tower, 1 and Tower 5. In total, there are about 2.3 million square feet of office space. Tower One to Four is 45-storey representing the 4 fingers and Tower 5 is 18-storey representing the thumb.
The IAQ sensor utilised by UnaBiz is a comprehensive 9-in-1 solution that integrates nine types of sensors to measure various ambience conditions including CO2 concentration, temperature, humidity, light, TVOC, barometric pressure, PM2.5, PM10, formaldehyde and motion. This energy-efficient sensor is designed for real-time monitoring and collecting reliable IAQ data 24/7.
Mr Jonathan Tan, Managing Director of UnaBiz Singapore said, “As an IoT service provider and integrator, we are pleased to work with D-Team Engineering, Actility and Milesight to help bring this project to life. The COVID-19 pandemic has demonstrated to us the importance of IAQ monitoring as the majority of us spend our time indoors. By integrating indoor IAQ monitoring with the new ACMV system, Suntec City can prioritise tenant well-being, and optimise airflow and energy consumption through data-driven ventilation. This integrated solution can help Suntec City achieve both their Social and Environmental goals.”
“Actility is thrilled to provide its QoS-based LoRaWAN IoT mediation solution that will ensure reliable wireless communication towards the whole Suntec complex. Helping to solve real problems with improved air quality and reduced carbon emission is the goal of our communication solutions and part of Actility Core values. We are proud to partner with UnaBiz on such a large-scale project.” said Alban Médici, APAC Managing Director of Actility.
“Milesight is dedicated to promoting greener buildings and enhancing the comfort of its tenants. Utilising our advanced 9-in-1 IAQ sensors and LoRaWAN gateways, building managers can enable optimised, data-driven air quality and streamlined operations for Suntec City Office Towers, effectively elevating its air quality standards and enhancing its tenant’s comfort and well-being,” said Leon Jiang, Vice President of Milesight.
The phased refurbishment works are expected to be completed by 2024 and will continue to strengthen the value propositions of the office towers.
The fourth edition of Geo Connect Asia (GCA), the region’s leading trade event and conference for the geospatial, positioning and remote sensing industries, opens its doors today at the Sands Expo and Convention Centre in Singapore. The two-day event brings together industry-leading companies, government agencies, institutions and up-and-coming startups to explore the impact of geospatial technologies in Southeast Asia and further their role in fueling economic growth and enriching lives.
GCA 2024 is held alongside co-located shows Drones & Uncrewed Asia, Digital Construction Asia and the inaugural Marine & Hydro Asia, which focus on the latest technologies relating to unmanned aerial vehicles, digital construction, and hydrospatial challenges, respectively.
Guest of Honour Edwin Tong, Minister for Culture, Community and Youth and Second Minister for Law, addressed attendees during the opening ceremony, which was graced by notable attendees from the Singapore Land Authority (SLA); Land Transport Authority; Health Security Agency of the United Kingdom; Lands Department of Hong Kong; Open Geospatial Consortium; and the Geospatial Information Agency of the Republic of Indonesia. A Memorandum of Understanding (MOU) was signed between SLA and the Ministry of Health’s Office for Healthcare Transformation (MOHT), fronted by Colin Low, Chief Executive of SLA and Dr Tan Weng Mooi, Director (Integrated Health Promotion) of MOHT, to enhance the Digital Local Connect initiative – a precinct-based digital resource guide designed to help residents access and navigate health and social services. Mr Colin Low also represented SLA to sign another MOU with SingHealth Community Hospitals, represented by Associate Professor Gan Wee Hoe, Chief Executive Officer of SingHealth Community Hospitals, to co-develop a living asset map of community assets and activities.
The burgeoning global geospatial information and technology market is forecasted to be valued at US$1.37 trillion by 2030, as advancements in remote sensing, location-based analytics and other geospatial solutions shape countless sectors such as construction, agriculture, environment monitoring, supply chain management and natural resource management. APAC is playing a leading role in the ecosystem’s accelerating growth across the globe, with its industry projected to be worth US$216 billion by 2025. The convergence of geospatial technologies is weaving stronger connections between nations, through knowledge sharing and increasing collaboration to the shared challenges that go beyond geographical boundaries.
Rupert Owen, Co-founder of Geo Connect Asia, said, “I am delighted to welcome the industry back to Geo Connect Asia. Following three successful editions, Geo Connect Asia and Digital Construction Asia 2024 bring together the brightest minds from the region and beyond to share proven solutions, and how they can help address some of the most pressing challenges of today.
The launch of Marine & Hydro Asia adds hydrographic content to the overarching theme of ‘underground, land and sea to sky’, while Drones & Uncrewed Asia navigates exciting pathways.”
Colin Low, Chief Executive of the Singapore Land Authority, said, “As the national geospatial and mapping agency, the Singapore Land Authority aims to drive collaboration between public and private agencies, as well as the community. Industry platforms like Geo Connect Asia foster innovation, empower individuals and businesses to leverage the transformative technologies not just for economic development, but to create smarter, geo-enabled outcomes for a more inclusive and sustainable future for all.”
The Geo Market Place
The GCA exhibition is back with an expanded floor space to showcase the widest range of geospatial and related technologies yet. These include spatial analysis software, satellites, remote sensors, mapping systems, laser scanners, unmanned vehicles, ground-penetrating radars, satellite communications services, UAV traffic management platforms, and many more. Leading exhibitors at the main exhibition showground include Trimble, Oracle and NavVis, and pavilions from Singapore and Thailand.
Geo Connect Asia Conference
The conference theme, “Geospatial Driven Impacts: Underground, Land and Sea to Sky”, captures the all-encompassing capabilities of geospatial solutions. With a stellar line-up of speakers across vectors, the programme will facilitate conversations between makers and users of these technologies to unleash their full potential. Notable speakers hail from AECOM, Electricity Generating Authority of Thailand (EGAT), Lands Department Hong Kong, Petronas, and Portcoast (Vietnam), Ministry of Health Singapore, and GCA Strategic Partner Singapore Land Authority, among many others.
Conference topics include:
The diagnostics of location in improving life quality
Nature-based solutions for future urban development
The promise of AI in construction technology: Industry transforming or a big fat fallacy?
Going global: how the Asia Pacific region is leading the way in autonomous aviation
Living on the edge: Building capacity and sharing to manage natural disasters
Geospatial drivers in speeding up the decarbonisation agenda
Mitigating risks to critical infrastructure assets
Closing plenary: Mainstreaming Geospatial: Harnessing geospatial innovation for healthcare, community, and sustainable development
Sponsors & partners
GCA 2024 is well supported by industry-leading sponsors, including fourth-time Platinum Sponsor Trimble and Sponsor AECOM. Strategic Partners include SGTech, GeoWorks and Singapore Land Authority, and Supporting Partners include ASEAN Flag; Association of Aerospace Industries Singapore; Association of Consulting Engineers Singapore; Aviation Research Centre; Temasek Polytechnic; CDAS Logistics Alliance; GS1 Singapore; Institution of Engineers Singapore; Institute of Marine Engineering, Science and Technology; Open Geospatial Consortium; Royal Institution of Chartered Surveyors; Singapore Institute of Building Limited; Singapore Institute of Surveyors and Valuers; Smart Cities Network; Society of Project Managers; and Software Park Thailand.
After a hugely successful 2023 edition last November, DigiTech ASEAN Thailand 2024 – the key international exhibition and networking platform to connect and do business with the global tech and digital community – is all set to return bigger and better in Bangkok, Thailand taking place from 20th to 22nd November 2024.
Organized under the theme “Connecting you with global and digital community”, DigiTech ASEAN Thailand 2024 will see the co-location of a dedicated AI industry event called AI Connect 2024 – “Decoding the Future of AI”, to collectively offer digital and technology companies with an effective platform to reach out to their market sectors. This will cover Business Software, E-Commerce & Digital Marketing, Data & Cloud, Smart Solutions & IoT, 5G Technology & Network, Web 3.0, and last by not least, AI solutions and applications.
As the global economy undergoes rapid digital transformation, new technologies, digital tools and solutions are emerging across all business sectors to enable companies to scale up their efficiency, profitability and competiveness.
The Southeast Asian (ASEAN) region is expected to be one of the world’s top five regions for digital applications by 2025, with a digital market size of US$500 billion and over 400 million internet users. Thailand is right in the middle of this rapid growing regional digital market, and Thailand’s digital economy is expected to contribute 30% of its GDP by 2030 driven by its 4.0 digital transformation economic model.
DigiTech ASEAN Thailand 2024 and AI Connect 2024 are organized to serve as important international meeting place for the global technology and digital market community to connect and engage with the South East Asian’s digital market landscape, to seek and forge business partnerships, and opportunities, networking and knowledge exchanges.
Mr. A. Balasubramaniam, Director of Digital Exports at Malaysia Digital Economy Corporation (MDEC) said, “On behalf of MDEC, we are very excited to be a part of this prestigious event that will gather global ASEAN tech and digital companies to connect and exchange innovative ideas as well as knowledge in the digital realm. This effort aligns with MDEC’s Malaysia Digital
(MD) national strategic initiative and Malaysia Digital Catalytic Programmes (PeMangkinMD). We envision a vibrant digital ecosystem that is achieved through partnerships and collaborations with many countries. I strongly believe that these collaborations will play a pivotal role in propelling the digital transformation agenda forward and driving sustainable growth.”
Mr. Nuttapon Nimmanphatcharin, President/CEO of Digital Economy Promotion Agency (depa) said, “DigiTech ASEAN Thailand plays an important role in facilitating the introduction of innovative digital technology trends, advancement and best practices with plenty of knowledge exchanges amongst the digital and tech community.”
DigiTech ASEAN Thailand 2023 attracted over 300 exhibitors from 10 country and attended by over 6,595 trade professionals from 34 countries. The organisers expect this year’s event to be even bigger to attract over 500 exhibitors and 10,000 trade professionals.
Mr. Pramote Phongsuwan, Head of Corporate Marketing & Branding, G-Able Public Company Limited “Today feels like a perfect blend of the public and private sectors. In both commercial and private domains, we’re witnessing trends and solutions being showcased and shared. What makes it fascinating is the integration with the government sector and its influence on the country’s direction. Whether it’s the current hot topics like AI, IoT, data, and cybersecurity, everything is being connected with applications that will have a lasting impact on our businesses, be it in IT or solutions.”
Mr. Thanapong Wongshinsri, Managing Director of Penguin X Co., Ltd. “It’s my first time at this event, and I’m genuinely impressed. We came across numerous solutions for business. What’s remarkable is that it’s not limited to Thai booths; there are also booths from overseas. As an SME, it really opened my eyes to the advancements in technology. The various insightful seminars in different sections added even more value to the experience.”
Mr Loy Joon How, general manager of IMPACT Exhibition Management Co., Ltd, comment, “DigiTech ASEAN Thailand and AI Connect 2024 is about facilitating business deals, partnerships, collaborations and networking amongst our exhibitors and attendees. The event also promise to be yet another dynamic annual platform for participants to exchange views and get updated on latest trends and opportunities.”
DigiTech ASEAN Thailand and AI Connect 2024 will take place at Hall 5 and Hall 6, IMPACT Exhibition and Convention Centre, Bangkok, Thailand from 20th to 22nd November 2024.
For more information, please visit www.digitechasean.com
Pan Pacific Hotels Group (PPHG) brings its modern upscale PARKROYAL brand to Malaysia with the opening of PARKROYAL A’Famosa Melaka Resort. The 213-key resort is nestled within tropical gardens and maintains easy access to Melaka’s main attractions. In line with PARKROYAL’s ethos to providing a gateway to authentic local experiences, the resort will offer activities and collaborations inspired by the rich culture of Melaka. This is the first property in Melaka and the sixth property in Malaysia under PPHG.
Its UNESCO World Heritage status, vibrant street art, and a harmonious blend of Malay, Chinese, Indian, and European heritage make Melaka a compelling destination for those seeking a unique and immersive travel experience. Located just a short drive from the UNESCO Heritage site of Melaka city, PARKROYAL A’Famosa Melaka Resort is within a 5-minute drive to A’Famosa Waterworld and Safari Wonderland, a 15-minute walk to Freeport A’Famosa Outlet & Coach Airways, and a 45-minute drive to the picturesque 1000 Flowers Garden in Ayer Keroh.
Designed to cater to a diverse range of guests, including business travellers, leisure seekers, and families, the resort offers a variety of room types to suit every preference. The rooms and suites are adorned with modern furnishings and fully equipped amenities, catering to both long and short stays.
“With 18.7 million tourists expected to visit Melaka in 2024, the city’s allure makes it an ideal location for PARKROYAL Hotels & Resorts’ continued expansion and operational success,” said Mr. Choe Peng Sum, Chief Executive Officer, Pan Pacific Hotels Group. “Our third resort property in Malaysia, PARKROYAL A’Famosa Melaka opens following the success of PARKROYAL Langkawi Resort and PARKROYAL Penang Resort.”
The resort’s 213 rooms and suites showcase the charm of Peranakan influence through the use of timber and Peranakan tiles in the design, paying homage to the rich heritage of Melaka. Adorned with calming accents, each spacious room features an al fresco balcony, providing guests with a breathtaking view of lush tropical gardens and a nearby 27-hole golf course.
Besides its convenient location, in close proximity to some of Melaka’s best-loved attractions, PARKROYAL A’Famosa Melaka Resort offers extensive facilities and F&B offerings. Spice Brasserie offers international cuisine, with dynamic live cooking stations enhancing the atmosphere, whilst Ya Yuen Chinese restaurant offers fine Cantonese cuisine in an elegant setting. The Pool Lounge offers refreshing drinks and light tapas bites throughout the day.
At SUASANA Spa, guests can indulge in wellness and beauty treatments inspired by the ancient culture and traditions of local healing practices. The resort’s grand ballroom, accommodating up to 700 guests, and seven additional meeting rooms provide flexibility for both business and social occasions. The resort also boasts a swimming pool, dedicated kids pool, playroom and gymnasium.
Effective February 2024, the exclusive distributor agreement aims to further expand Lintec & Linnhoff’s business presence in the Middle East
MEDCO will be responsible for the sales of Lintec and Linnhoff Asphalt Mixing and Concrete Batching Plants
Lintec & Linnhoff today announced the signing of an exclusive distributor agreement for the Kingdom of Saudi Arabia with Middle East Development Co. Ltd. (MEDCO) at Big 5 Construct Saudi 2024. Christabel Chan, Global Business Director and Tony Chakra, Regional Sales Manager, Middle East and Africa at Lintec & Linnhoff signed the agreement with Mohammed Khashoggi, Vice President at MEDCO to reinforce the company’s firm commitment to the Saudi Arabian market. This latest announcement comes just a few weeks after Lintec & Linnhoff announced a distributor agreement with Tutt Bryant in Australia.
The MEDCO distributor agreement will cover the full range of Lintec & Linnhoff’s Asphalt Mixing and Concrete Batching Plants, including but not limited to the Lintec CSD Containerised Asphalt Mixing Plant and Lintec UCP Ultra Concrete Batching Plants.
Tony Chakra said, “As we participate in Saudi Arabia’s largest construction event, Big 5 Construct Saudi, we can think of no better occasion to announce our partnership with MEDCO. The company has represented Lintec & Linnhoff in the Middle East region over the last two years and sold several Lintec CSD Containerised Asphalt Mixing Plants and Lintec UCP Ultra Concrete Batching Plants. We are therefore confident that this partnership will help the company better serve our customers thanks to their unwavering commitment to the efficient delivery of equipment, support services and spare parts. We look forward to a highly fruitful relationship, as we continue to build our business presence in the region.”
Delivering Value to Customers
MEDCO is a leading dealer of premium industrial and construction equipment in the Kingdom of Saudi Arabia. The company was founded in 1967 by Sk. Saleh and Ibrahim A. Alfadl and is a 100% Saudi Arabian-owned business. A significant part of Saudi Arabia’s infrastructure has been built with the quality brands that are represented by MEDCO and many airports, highways, and buildings have benefited from the premium and high-quality products supplied and supported by MEDCO.
With over 170 employees operating from eight branches and facilities across the Kingdom, MEDCO’s highly trained and experienced personnel offer professional equipment and machinery sales, backed by full technical support, servicing, and maintenance, together with a comprehensive inventory of spare parts.
Emad Mukhalalaty, General Manager at MEDCO said, “We are excited to add Lintec and Linnhoff Asphalt Mixing and Concrete Batching Plants to our company’s portfolio of equipment brands. Given Lintec & Linnhoff’s renowned reputation in the construction equipment market and the solid existing relationship between the two organisations, we have great confidence that this agreement will provide new and exciting opportunities for our customers across the Kingdom.”
Geo Connect Asia (GCA), the region’s leading trade event for geospatial, positioning, digital construction, and remote sensing industries, returns to the Sands Expo and Convention Centre in Singapore on 6 and 7 March 2024. Building on its position as the region’s leading international show for the industry since 2019, GCA 2024 will explore the unprecedented growth and transformative potential of geospatial technologies in Southeast Asia as they facilitate economic development and government decision-making across the region.
Solutions within the geospatial and related industries link ASEAN countries to one another and open opportunities to address borderless challenges in areas such as environmental monitoring, infrastructure development, supply chain management and natural resource management. This is evident from the burgeoning Asia-Pacific geospatial information and technology market, which is projected to grow in value to US$216 billion by 2025.
With ASEAN’s population of over 660 million and its strong ties to the maritime, agricultural and natural resource sectors, there’s common ground for sharing solutions and fostering collaboration. As local needs drive innovation, expertise is flourishing in areas such as remote sensing and location-based analytics; these, combined with rapidly advancing geospatial solutions, add predictability for planning and addressing key challenges such as rising sea levels and the monitoring of key infrastructure.
With the theme “Geospatial Driven Impacts: Underground, Land and Sea to Sky”, GCA 2024 brings together more than 100 companies, 70 speakers and more than 3,000 attendees from ASEAN and beyond. GCA also announces the participation of Asia’s first Chief Heat Officer, Bushra Afreen, from the Adrienne Arsht-Rockefeller Foundation Resilience Center in Dhaka, at the conference segment, demonstrating how governments are recognising the need to be a part of these important conversations.
Industry-leading companies, government agencies, institutions and up-and-coming startups have confirmed their attendance, including AECOM, Electricity Generating Authority of Thailand (EGAT), Lands Department Hong Kong, Petronas, Manila Water and Portcoast (Vietnam), Ministry of Health Singapore, GCA Strategic Partner Singapore Land Authority, among many others. Leading exhibitors include Trimble, Oracle, NavVis and pavilions from Singapore and Thailand.
Grundfos delivered healthy sales growth in 2023 while reducing its own water and energy footprint as well as supporting customers in lowering their water and energy consumption.
Building on the solid performances of recent years, Grundfos realised record sales of EUR 4.6bn. This represents a sales growth of 4.2 percent in line with strategic ambitions. EBIT before special items also grew; to a record EUR 578m against EUR 529m in 2022. The EBIT result equals a 12.5 percent profit margin.
Growing key markets
“We are satisfied with our financial results. We have worked hard to maintain our leadership position, grow sales, and deliver solid earnings. Despite a worldwide market slowdown, where we experienced lower demand in the second half of 2023, we managed to deliver full-year growth in key markets like Germany and UK as well as double-digit growth in the US. Equally important, customer satisfaction was at an all-time high and we made strong progress towards delivering on our water and climate ambitions,” said Poul Due Jensen, Group President and CEO of Grundfos.
Other significant highlights from Grundfos’ 2023 include double-digit growth within both the Commercial Building Services division and the newly acquired industrial water treatment business.
Sustainability progress
During 2023 Grundfos managed to reduce its total CO2 emissions by nine percent year-on-year, as well as reduce its own water consumption by seven percent. Finally, as 99 percent of the company’s emissions stem from installed products in use, great efforts have been made in terms of product innovation and sales initiatives to drive energy and water efficiency for Grundfos customers.
“We want to lead by example through actions, and I am exceedingly proud of the sustainability progress we have made in 2023, both when it comes to our own emissions and water reduction and how we have helped our customers to save energy and water as well as providing clean water access to millions of people in need,” said Poul Due Jensen, adding:
“All Grundfos colleagues have done a fantastic job enabling Grundfos to achieve all these hard earned results and live up to our promise to respect, protect and advance the flow of water, and we are very pleased that while doing this, we achieved the highest employee satisfaction ever.”
The Group Annual Financial Statements are reported in Danish Kroner (DKK). Euro figures are converted at a fixed DKK/EUR exchange rate of 7.45.
GuocoLand Limited has unveiled its latest residential development, Lentor Mansion, in Singapore’s Lentor Hills estate. The development features 533 residential units across three 16-storey towers and three 8-storey blocks, making it the largest site and lowest in density in the Lentor area. Lentor Mansion draws inspiration from Singapore’s iconic black-and-white bungalows and offers luxury living amidst a lush, verdant landscape.
Residents of Lentor Mansion can look forward to an idyllic lifestyle with various facilities available within the development, including an on-site childcare center. The Lentor Modern mall and Lentor MRT station are just a short 5-minute sheltered walk away, providing convenience to residents. The mall is expected to open in 2026 and will offer a range of services and unique food and beverage options. Lentor MRT station provides easy access to different parts of Singapore.
Designed to accommodate families of all sizes, including multi-generational households, Lentor Mansion offers a range of unit types starting from 2-bedroom units. Notably, it introduces the first 5-bedroom units in the Lentor Hills estate among the new developments.
Ms. Dora Chng, Residential Director at GuocoLand, highlighted their hallmark-efficient layouts and space utilization, stating, “Lentor Mansion carries GuocoLand’s hallmarks of efficient layouts and use of space that maximizes the liveability of our developments. We have incorporated flexibility into each unit’s design and layout to cater to different family needs. For example, our 4- and 5-bedroom units can have their dining spaces expanded to host larger gatherings of up to 12 persons.”
Lentor Mansion is the first private residential development launched under the new Urban Redevelopment Authority (URA) guidelines, which harmonize strata and gross floor areas. Buyers will only pay for the actual liveable space, with prices at Lentor Mansion starting from S$1.149 million for a 2-bedroom unit and going up to S$3.176 million for a 5-bedroom unit. Prices per square foot start from S$2,082, as per the new URA guidelines.
The double-storey clubhouse at Lentor Mansion, named “The Mansion,” serves as a grand drop-off point and offers various amenities, including function rooms, a verandah, and a business center. The development also features a range of recreational amenities such as a Grand Lawn, tennis court, lap pool, jacuzzi, and children’s play area.
Lentor Mansion is surrounded by lush greenery and provides access to nearby nature parks such as Thomson Nature Park, Lower Peirce Reservoir Park, and Windsor Nature Park. It is also located close to renowned educational institutions like CHIJ St. Nicholas Girls’ School and Anderson Primary School.
Lentor Mansion is a joint venture between GuocoLand and Hong Leong Holdings and is targeted to be completed by the end of 2027. It will be GuocoLand’s first residential development to be certified Green Mark Platinum by the Building and Construction Authority.