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BANG News Releases
Regency Steel Asia Announces S$3 million Fund Towards NTU
RSA Announces S$3 million fund to promote and chart new direction in steel research and expertise development
Singapore, 27 May 2008 - Regency steel Asia (RSA) Pte Ltd, one of Asia’s largest steel distributors broke new ground with the launch of the “Regency Steel Asia Pte Ltd Fund” at Nanyang Technological University (NTU). The fund, will chart new strategic directions in structural steel research and expertise development in Singapore. RSA is donating S$1.5 million to establish the RSA fund and this will be matched one-to-one by the government, totaling S$3 million.
Mr Yuichi Monura, CEO of the RSA announced this during a dinner, graced by the Minister for Community Development, Youth and Sports, Dr Vivian Balakrishnan at the Grand Hyatt hotel on the 14 May 2008.
Mr Yuichi Nomura, CEO of Regency Steel Asia, says, “As natural resources become more scarce and expensive, it is essential that we develop innovative construction methods that use fewer raw materials and are more environmentally sustainable. Steel, being extremely recyclable in nature is well suited for this purpose. Most importantly, it is also a safe building material. We thank NTU for this opportunity to be involved in a very worthwhile project.”
The first of its kind at the university, the RSA Fund will go towards research, scholarships and bursaries that will benefit the NTU School of Civil and Environmental Engineering and the Nanyang Business School.
In conjunction with the launch of the CSR programme, RSA has donated $100,000 to aid in disaster relief efforts in Sichuan, China.
BANG PR was appointed by RSA to handle the launch of the “Regency Steel Pte Ltd Fund” in April this year.
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