Sin Chew Woodpaq, an SG-based firm for specialised logistics solutions under the M3 SG group, has received a strategic investment from Heliconia Capital Management, a subsidiary of Temasek Holdings, according to a statement on Thursday.
Though financial details of the deal were not disclosed, the company plans to use the funding to support its regional growth ambitions and strengthen its capabilities in engineering-focused logistics for high-tech industries such as semiconductors, aerospace, and advanced manufacturing.
Oliver Wong, chief investment officer of Heliconia Capital Management, expressed his confidence in Sin
Chew Woodpaq’s growth potential, stating that the company has built a strong reputation in specialised logistics in Singapore.
“Their commitment to regional growth, innovation, and sustainability aligns with our vision of supporting promising enterprises to scale up and become champions in Southeast Asia,” Wong said in a statement.
Calvin Goh, CEO of Sin Chew Woodpaq and M3 SG, added, “Our focus has always been on staying ahead of the evolving and growing needs of high-tech industries. With Heliconia’s strategic support, we now have the valuable opportunity to scale our efforts inorganically and organically, and further strengthen our engineering and precision handling logistics capabilities to meet the regional market demands. [..]”
Founded in 1972 as a wooden case manufacturer, Sin Chew Woodpaq has grown into one of Singapore’s leading players in specialised logistics, known for its end-to-end solutions—from engineering design, protective packaging, and contamination-controlled transport, to precision lifting, storage, and equipment handling.
Its clientele includes over 550 multinational and Fortune 500 companies, many of whom have been long-term partners for over a decade.
The firm currently operates across Singapore and Johor Baru, Malaysia, with over 260 employees, and plans to expand into key ports in Malaysia and Thailand, markets where semiconductor demand is rapidly rising.
To accelerate this growth, Sin Chew—via M3 SG—will also explore acquisitions in specialised logistics, packaging, and equipment services. It aims to double its workforce over the next five years, invest in the R&D team to enhance engineering protections for critical cargo—designing packaging systems with superior durability, cushioning, and contamination control to reduce risks and avoid costly delays.
As part of its long-term infrastructure plan, Sin Chew will launch a 300,000 sq ft production facility in Singapore by 2026, featuring an Advanced Manufacturing Consolidation & Logistics Hub with temperature and humidity-controlled environments for semiconductor equipment integration during both pre-shipment and post-shipment staging.
This will help customers maximise turnaround, minimise downtime, and optimise their supply chains by ensuring their critical equipment is properly staged, tested, and protected before deployment.
“Our upcoming facility will serve as a central hub for integrating future acquisitions, enabling us to tap into a larger market while driving operational efficiency and achieving economies of scale. With Heliconia’s extensive network and strategic insights, we are well poised to expand our reach and strengthen our presence in the specialised logistics industry,” Goh concluded.
