Investment aims to strengthen engineering capabilities and drive specialised logistics solutions, for semiconductor, aerospace and advanced manufacturing sectors in Southeast Asia
SINGAPORE, April 24, 2025 /PRNewswire/ — M3 SG Pte Ltd (“M3 SG”), the holding company of Sin Chew Woodpaq Pte Ltd (“Sin Chew Woodpaq”), a leading specialised logistics provider in Singapore, has signed and secured a strategic investment from Heliconia Capital Management (“Heliconia”) to accelerate regional expansion and innovation in specialised logistics solutions.
Oliver Wong, Chief Investment Officer of Heliconia Capital Management (left) and Calvin Goh, CEO of Sin Chew Woodpaq and M3 SG (right) seal the strategic partnership with a handshake
This partnership enhances Sin Chew Woodpaq’s capabilities in engineering and precision handling to meet the rising demand for specialised logistics in high-tech industries such as semiconductors, aerospace, and advanced manufacturing—sectors that require highly customised logistics and packaging solutions to protect sensitive, high-value equipment.
Oliver Wong, Chief Investment Officer of Heliconia Capital Management, expressing confidence in Sin Chew Woodpaq’s growth potential said, “Sin Chew Woodpaq 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.”
With over 50 years of expertise, Sin Chew Woodpaq is a trusted provider of integrated packaging and logistics solutions for high-value industrial sectors. The company employs over 260 people across Singapore and Malaysia, delivering end-to-end services—from engineering design and high-purity protective packaging to contamination-controlled transport, storage, and material treatment.
Calvin Goh, Chief Executive Officer of Sin Chew Woodpaq and M3 SG, said, “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. Importantly, this partnership goes beyond investment—it’s a shared vision. Together, we aim to advance Singapore’s logistics landscape and deliver world-class solutions to support the continued growth and success of high-tech industries in the region.”
Positioned for Regional Growth through Acquisitions
Beyond its current operations in Singapore and Johor Bahru, Malaysia, Sin Chew Woodpaq plans to expand into major port locations across Malaysia and Thailand—markets with fast-growing semiconductor sectors projected to reach US$18.54 billion in 2025 and US$11.51 billion in revenue respectively by 2025.
To complement its regional expansion, the company, via M3 SG, will explore strategic acquisitions in other specialised logistic companies. It will also explore companies in adjacent fields such as specialised packaging, and equipment commissioning and testing.
Building Talent & Innovating Engineering Solutions for Logistics
To support its growth and innovation roadmap, Sin Chew Woodpaq aims to double its workforce over the next five years, with a focus on developing industry-ready talent through proprietary training. The company will also bolster its in-house 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.
By 2026, the company targets to expand its physical presence in Singapore with a new 300,000 sq ft production facility featuring an Advanced Manufacturing Consolidation & Logistics Hub, complete 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 added.
Sin Chew Woodpaq was recognised as one of Singapore’s fastest-growing companies 2025 by The Straits Times, and was also named a winner of the prestigious Singapore E50 Award in 2024 for its exceptional growth trajectory and resilience in the logistics industry.
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About M3 SG
M3 SG Pte Ltd is a Singapore-based group of specialised logistics companies delivering customised solutions for high-value industrial assets. With deep expertise and a track record in precision handling and protection of mission-critical machinery, we collectively provide reliable and cost-effective solutions for the semiconductor, advanced manufacturing, aerospace, and construction and infrastructure sectors.
Our current portfolio includes Sin Chew Woodpaq Pte Ltd and its affiliated companies. Backed by Heliconia Capital (a subsidiary of Temasek Holdings), and leveraging Singapore’s world-class logistics infrastructure and connectivity, we aim to scale across the region through strategic partnerships and future-ready innovations to transform the logistics landscape.
About Sin Chew Woodpaq
Founded in 1972, Sin Chew Woodpaq has evolved from a wooden case manufacturer into Singapore’s leading specialist in engineered crating, precision packing, and integrated logistics solutions. With a proven track record in safeguarding mission-critical equipment for industries such as semiconductors, aerospace, advanced manufacturing, and construction and infrastructure sectors, we ensure seamless, end-to-end crating, packing, moving, lifting, and air-ride transport operations.
At Sin Chew Woodpaq, we don’t just move goods — we move time. Our expertise in on-time, just-in-time deliveries helps businesses minimise downtime, optimise production, and accelerate go-to-market strategies. With 85% of our customers staying with us for over 15 years, we are recognised for our precision, reliability, and safety-first approach.
As a trusted partner to over 550 multinational and Fortune 500 companies, we continue to push the boundaries of specialized logistics, ensuring that businesses operate without disruption. ISO 45001 & 9001-certified and BizSafe Star accredited, we uphold the highest safety and quality standards, making us the preferred choice for companies that demand excellence, security, and efficiency in their supply chain.
For more information, please visit www.sin-chew.com.sg.
About Heliconia Capital Management
Heliconia Capital Management Pte. Ltd. (“Heliconia”) is an investment firm focused on investing in promising SMEs in Singapore and in Southeast Asia, helping them to become regional or global champions. Heliconia is an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited.
