UOB Singapore supports local poultry industry

October 9, 2019

United Overseas Bank (UOB) has just announced a loan of USD 29 million to Singapore Poultry Hub (SPH). It will be used to set up the first smart and green poultry factory in the country. SPH is a joint venture among poultry producers and processors including Aqina Group, Tong Huat Poultry Processing Factory, Kee Song Holdings, Sinmah Holdings and Tysan Food. The venture hopes to improve its productivity by 26% and its capacity by 70% by using robotics, and Industry 4.0 features and as well as new waste management systems.