Sunningdale Tech to acquire Sanwa Group to strengthen its position as an Asian powerhouse in precision plastics solutions
This highly synergistic acquisition will allow the Group to further diversify its customer base, broaden its product portfolio, enter the industrial segment, enhance its engineering capabilities and penetrate new markets
Post-acquisition, the expansion of the Group's global footprint to 23 locations in nine countries enhances its position as a global powerhouse with the ability to support multinational customers in various geographic regions
The acquisition is in line with the Group's strategy to accelerate the transformation of its automotive segment to focus more on the manufacturing of complex functional parts and critical EV components
SINGAPORE, Aug. 7, 2025 /PRNewswire/ -- Sunningdale Tech Ltd ("Sunningdale Tech" or "the Group"), a leading global manufacturer of precision-engineered plastic components, has announced it has entered into a sale and purchase agreement to acquire Sanwa Plastic Industry Pte Ltd ("Sanwa Group").
Upon completion of this all-cash acquisition, the merger will effectively solidify Sunningdale Tech's position as one of the largest precision plastics engineering companies in the region with a total combined revenue of approximately S$850 million based on figures from the financial year ended 31 December 2024.
Today, Sanwa Group is renowned as a trusted precision plastic component manufacturer with deep penetration in fast-growing automotive segments which focus on green mobility and future vehicle design. Sanwa Group also has exposure to stable end segments in the industrial, energy, consumer and biomedical industries. Sanwa Group operates across seven manufacturing sites in China, Indonesia, India and Singapore. The company has established an excellent reputation as an integrated manufacturer with proven reliability and an operating track record of more than 45 years, led by its visionary Chief Executive Officer, Dr Ricky Souw, who will stay on as an advisor to Sunningdale Tech following the completion of the merger.
The acquisition is highly synergistic as customer or product overlap is minimal between the two companies. In addition, the acquisition will allow Sunningdale Tech to further diversify its customer base, enhance its engineering capabilities, enter the industrial segment and penetrate new markets. The acquisition is also in line with the Group's strategy to accelerate the transformation of its automotive business to focus more on the manufacturing of functional parts and critical EV components.
Post-completion, Sunningdale Tech will expand its geographic footprint to 23 locations in nine countries as it continues to support multinational customers in various regions amid shifts in global supply chains.
Commenting on the acquisition, Group CEO & Executive Director Mr Khoo Boo Hor said, "We are delighted to partner with Sanwa Group as our vision to become a world-leading precision plastic solutions provider continues to unfold. This strategic and highly synergistic acquisition will put us in a formidable position to take advantage of growth opportunities worldwide and better serve our customers, leveraging on our combined technical knowhow and engineering capabilities."
Echoing similar sentiments, Sanwa Group's CEO Dr Ricky Souw said, "For more than four decades, we have built up Sanwa Group to become one of Asia's leading precision plastics engineering companies and we are remarkably proud for all that we have achieved. Partnering with Sunningdale Tech is a natural progression and an ideal fit as we share a similar set of values and a vision of becoming a global powerhouse. We look forward to ringing in a new chapter for Sanwa Group and soaring to new heights in partnership with Sunningdale Tech."
Oversea-Chinese Banking Corporation Limited (OCBC) is acting as the sole financial advisor to Sanwa Group.
About Sunningdale Tech Ltd.
Sunningdale Tech Ltd is a leading global manufacturer of precision-engineered plastic components. The Group provides vertically integrated solutions with capabilities including product and mould design, mould fabrication, injection moulding, complementary finishing, and precision assembly of complete products.
The Group boasts over 1,150 injection moulding machines with a tooling capacity of 2,000 moulds per year across a global footprint which spans 17 manufacturing locations in nine countries. With over four million square feet of manufacturing facilities, the Group operates in Singapore, China, India, Indonesia, Latvia, Malaysia, Mexico, Thailand, and the USA.
The Group produces precision engineered plastic components for multinational customers in the Automotive, Consumer/IT and Healthcare industries. More recently, the Group has been focused on accelerating the growth of its Healthcare segment, the Group's fastest growing vertical in recent years.
For more information, please visit http://www.sdaletech.com.
About Sanwa Plastic Industry Pte Ltd ("Sanwa Group")
Established since 1977, Sanwa Group specialises in precision plastic injection moulding, insert moulding, and component sub-assembly. With a passion and focus to constantly evolve and innovate to improve its competitive edge and service quality, Sanwa Group has grown into an industry leader, offering fully integrated manufacturing solutions for multinational customers in the automotive, energy, industrial, consumer and biomedical industries.
Headquartered in Singapore, Sanwa Group also has offices and state-of-the-art manufacturing facilities across China, India and Indonesia.
For more information, please visit https://www.sanwagroup.com.sg/.
For media and investor queries, please contact:
James Bywater, CFADirector, Corporate Strategy, Marketing & PRSunningdale Tech LtdEmail: James.Bywater@sdaletech.com
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sunningdale-tech-to-acquire-sanwa-group-to-strengthen-its-position-as-an-asian-powerhouse-in-precision-plastics-solutions-302522939.html
SOURCE Sunningdale Tech Ltd
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Japan tech giant SoftBank Group sees better fortunes on surging AI stocks
TOKYO (AP) — Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen ($2.9 billion) profit in the April-June quarter, rebounding from a loss a year earlier as its investments benefited from the craze for artificial intelligence. Quarterly sales at Tokyo-based SoftBank Group, which invests heavily in AI companies like Nvidia and Open AI, rose 7% to 1.8 trillion yen ($12 billion), the company said Thursday. SoftBank's loss in April-June 2024 was 174 billion yen. The company's fortunes tend to fluctuate because it invests in a range of ventures through its Vision Funds, a move that carries risks. The group's founder Masayoshi Son has emphasized that he sees a vibrant future in AI. SoftBank has also invested in Arm Holdings and Taiwan Semiconductor Manufacturing Co. Both companies, which produce computer chips, have benefitted from the growth of AI. 'The era is definitely AI, and we are focused on AI,' SoftBank senior executive Yoshimitsu Goto he told reporters. 'An investment company goes through its ups and downs, but we are recently seeing steady growth.' Some of SoftBank's other investments also have paid off big. An example is Coupang, an e-commerce company known as the 'Amazon of South Korea,' because it started out in Seoul. Coupang now operates in the U.S. and other Asian nations. Goto said preparations for an IPO for PayPay, a kind of cashless payment system, were going well. The company has already held IPOs for Chime, a U.S. 'neobank' that provides banking services for low-credit consumers, and for Etoro, a personal investment platform. ___ Yuri Kageyama on Threads:
Yahoo
9 minutes ago
- Yahoo
Sony's In-Demand Games and Music Help Allay Trump Tariff Fears
(Bloomberg) -- Sony Group Corp.'s shares had their best day in two weeks after the Japanese company lifted its profit forecast on growth in its entertainment divisions, easing investor fears about possible US tariffs on chips. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Momentum in the music and games segments bolstered the Tokyo-based company's outlook, Sony said on Thursday. The number of monthly active users on its PlayStation platform rose 6% from a year ago, alongside an increase in total hours played. That's while the Sony Music segment logged a 5% revenue increase despite a hefty forex impact. The Japanese entertainment group raised its operating income forecast for the year ending March to ¥1.33 trillion ($9 billion), up 4% and roughly in line with analyst estimates. Back in May, in the midst of uncertainty around Washington's new import tax regime, Sony had warned its profit would take a ¥100 billion hit. Following Japan's trade deal with the US, Sony said it now sees a tariff impact of around ¥70 billion. Shares in the company erased earlier losses to rise 4.1% in Tokyo on Thursday. 'From the second quarter onward, we expect uncertainties such as US tariffs to become more pronounced, and we intend to proactively address these risks,' Chief Financial Officer Lin Tao said on a call after the release of the company's fiscal first-quarter report. Sony is closely monitoring the situation and preparing with various scenarios in mind, she added. The Japanese company produces image sensors used in Apple Inc.'s iPhone cameras and across the wider smartphone industry, which would be caught up in any additional levies on semiconductors. US President Donald Trump's threat to impose a 100% tariff on chip imports and another possible levy on products containing them weighs on Sony and other hardware makers. The declared tariffs, if implemented, may force a rejig of supply chains with far-reaching implications for exporters. Confidence in Sony has been strengthened by resilient growth in the groups less likely to be caught up in export taxes. It plans to rein in costs and focus on profitability with the PlayStation group, which will release Ghost of Yōtei, a sequel to Sony's hit game Ghost of Tsushima, in October. 'The PlayStation business is performing quite well, and the number of PlayStation Plus subscribers is growing faster than expected, said Toyo Securities analyst Hideki Yasuda. 'Additionally, the anime and smartphone game business has seen major hits and large-scale events, further fueling expectations for strong growth in this unit.' Income from Sony's hit anime operations is expected to increase in the months to come, with the new, record-setting Demon Slayer movie earning ¥17.6 billion and drawing 12.6 million viewers in Japan as of Aug. 3, Sony said. Subsidiary Aniplex Inc. also operates Fate/Grand Order, a hit smartphone game that is celebrating its 10th anniversary this year. The music unit has grown to be a reliable pillar of growth for Sony, bringing in a steady flow of revenue as opposed to the company's more prominent but fluctuating consumer electronics and image sensors. Royalty income from music streaming operators remains strong, and popular anime works produced under the Sony umbrella are helping catapult in-house artists into the mainstream. 'Our anime titles have received extremely high acclaim,' Tao said. 'As for Demon Slayer, given its status as a highly popular IP, we have already factored its success into our earnings outlook.' --With assistance from Mark Anderson. (Updates with comments from CFO from fourth paragraph) Russia's Secret War and the Plot to Kill a German CEO The Pizza Oven Startup With a Plan to Own Every Piece of the Pie AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
9 minutes ago
- Yahoo
Japan cuts growth forecast on US tariffs drag, weaker consumption
By Makiko Yamazaki TOKYO (Reuters) -Japan's government cut its growth forecast for this fiscal year on Thursday as U.S. tariffs slow capital expenditure and persistent inflation weighs on private consumption, threatening a fragile economic recovery. In revised estimates presented at a meeting of Japan's top economic council, the government cut its inflation-adjusted gross domestic product growth forecast for the year ending in March 2026 to 0.7% from 1.2% projected in January. The new forecast, still above private-sector forecasts for 0.5% growth, reflects worries that U.S. tariffs will make Japanese companies more cautious about capital expenditures and drag down exports, both key drivers of Japan's economic growth. The outlook for private consumption, which accounts for more than half of Japan's economy, was also lowered as inflation continues to squeeze households. The private-sector members of the economic council warned that inflation could further dampen consumer spending if it accelerates. "The Bank of Japan should pursue its price stability mission and sustainably and stably meet it's 2% inflation target," the members said. For the next fiscal year from April, the government projected growth to pick up slightly to 0.9%, retaining its view the economy will sustain a domestic demand-led recovery as it predicts wage growth will outpace inflation and boost private consumption. The government maintained its outlook for delivering a primary budget surplus in fiscal 2026 for the first time in decades, predicting even a larger surplus of 3.6 trillion yen ($24.39 billion) thanks to higher tax revenues. The primary budget balance, which excludes new bond sales and debt-servicing costs, is a key gauge of the extent to which policy measures can be funded without resorting to debt. But the rosy outlook has not factored in potential tax cuts and cash handouts that the government has been considering amid growing pressure from the opposition for more aggressive spending to ease rising living costs. Prime Minister Shigeru Ishiba's grip on power has been further weakened by a bruising defeat for his ruling coalition this month in upper house elections after having lost its lower house majority last October. ($1 = 147.5900 yen)
