Hong Leong Asia expects diversifying engine product mix to improve margins

Hong Leong Asia expects diversifying engine product mix to improve margins

February 29, 2024 / Riah Marton /


INDUSTRIAL conglomerate Hong Leong Asia will better position itself for growth by looking beyond trucking and catering to other engine sectors, chief executive Stephen Ho said in an analyst briefing on Thursday (Feb 29).

The strategic shift comes amid weaker demand in China for its powertrain solutions unit, China Yuchai International. The subsidiary primarily sells engines in the Chinese market.

Pre-Covid, the Chinese market used to move an average of 1.3 million heavy-duty trucks a year. This fell…



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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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