Haw Par Corporation Limited, a name synonymous with innovation and tradition in Singapore, has been a cornerstone of the nation’s business landscape for over a century. Established in 1969, this multinational group has grown from its roots in healthcare to become a diversified conglomerate with interests in leisure, property, and investments. With a legacy that spans generations, Haw Par continues to blend heritage with modern enterprise, making it a trusted name both in Singapore and across the globe.
Introduction to the Brand
Haw Par Corporation Limited (UEN: 196900437M) is best known for its flagship product, Tiger Balm, a world-renowned topical analgesic that has been relieving muscle and joint pain for over 100 years. Founded by the Aw brothers, Aw Boon Haw and Aw Boon Par, the company has evolved from its humble beginnings into a diversified enterprise. Today, it stands as a testament to Singapore’s entrepreneurial spirit, balancing tradition with innovation across its healthcare, leisure, property, and investment divisions. Its commitment to quality and community involvement has solidified its reputation as a brand that cares.
Products and Services
Haw Par Corporation Limited operates across four key areas, each contributing to its robust portfolio:
- Healthcare: The company’s healthcare division is led by Tiger Balm, a globally recognized brand available in over 100 countries. Tiger Balm offers a range of formulations, including ointments, patches, and rubs, designed to alleviate muscle aches, joint pain, and tension headaches. The company also markets other healthcare products under the Kwan Loong brand, ensuring a comprehensive portfolio of wellness solutions.
- Leisure: Haw Par owns and operates Underwater World Pattaya in Thailand, an oceanarium that provides educational and entertaining experiences for families and tourists. While the Underwater World in Singapore (Sentosa) is no longer operational, the company’s commitment to leisure and tourism remains strong, offering unique experiences that showcase marine biodiversity.
- Property: The company holds a portfolio of commercial and industrial properties in prime locations in Singapore and Malaysia. These properties serve as attractive corporate homes for tenants, contributing to the group’s financial stability and providing steady rental income.
- Investments: Haw Par maintains a strategic long-term investment portfolio, focusing on quoted securities in Asia. This division ensures financial buoyancy and supports the group’s ongoing success, allowing it to pursue growth opportunities.
Unique Value Propositions and Benefits
What sets Haw Par Corporation Limited apart is its ability to seamlessly blend traditional wisdom with modern business practices. Tiger Balm, with its unique herbal formulation, has stood the test of time, remaining a trusted name in pain relief for over a century. The company’s leisure division offers unique experiences that educate and entertain, while its property and investment arms provide a solid foundation for sustained growth. This diversified approach ensures resilience and adaptability in a changing global market, making Haw Par a reliable and forward-thinking brand.
Standout Features and Reviews
Tiger Balm, the company’s flagship product, has garnered widespread acclaim for its effectiveness. Customers worldwide praise its ability to provide fast-acting relief for muscle aches, joint pain, and stiffness. For instance, on platforms like Amazon, users describe Tiger Balm as a “lifesaver” for sore muscles, noting its deeper penetration and longer-lasting relief compared to other products like Icy Hot. One reviewer noted, “After using Tiger Balm, the pain goes away almost immediately,” highlighting its quick action. Health websites such as Medical News Today and Verywell Health also highlight Tiger Balm’s benefits, attributing its efficacy to active ingredients like menthol and camphor, which provide a cooling sensation and reduce inflammation. On Walmart, customers appreciate its ability to help with strains and backaches, with one user stating, “This stuff works great and helped my calf strain heal so much faster!”
Areas of Singapore That They Serve
While Haw Par Corporation Limited is headquartered in Singapore, its influence extends far beyond the city-state. In Singapore, the company’s presence is felt through its corporate office at 401 Commonwealth Drive, property holdings, and historical contributions to the community, such as the now-closed Haw Par Villa and Underwater World Sentosa. Its healthcare products, particularly Tiger Balm, are widely available across pharmacies and retail outlets throughout Singapore, catering to both locals and visitors. On a global scale, Haw Par’s products and services reach over 100 countries, making it a truly international brand with a strong Singaporean identity.
How Does the Brand Meet Singapore’s Needs?
Haw Par Corporation Limited plays a vital role in Singapore’s economy by providing employment opportunities, contributing to the healthcare sector with affordable and effective products, and supporting tourism through its leisure activities. The company’s commitment to corporate social responsibility is evident in its long history of community involvement, including contributions to regions where it operates. Haw Par believes in compassion for the underprivileged and giving back to the community, reflecting its deep-rooted values. By offering trusted healthcare solutions like Tiger Balm, Haw Par addresses the everyday needs of Singaporeans, from relieving minor aches to supporting active lifestyles. Its property portfolio strengthens Singapore’s commercial landscape, while its investments contribute to economic stability.
Financial Highlights
The company’s financial performance underscores its strength and growth. Below is a summary of key financial metrics for 2024 and 2023:
| Metric | 2024 | 2023 |
|---|---|---|
| Group Turnover | S$244,824,000 | S$232,062,000 |
| Profit from Operations | S$241,916,000 | S$225,882,000 |
| Shareholders’ Funds | S$4,148,534,000 | S$3,476,003,000 |
| Earnings per Share | 103.1 cents | 97.8 cents |
| Net Assets per Share | S$18.74 | S$15.70 |
| Return on Equity | 5.5% | 6.2% |
| Dividend per Share | 140 cents* | 40 cents |
*Includes a special dividend of S$1.00 per share.
These figures demonstrate Haw Par’s robust financial health, with significant growth in turnover, profit, and shareholders’ funds, reflecting its strategic management and diversified operations.
Contact Information and Social Media
Visit their Contact Us page for various contact details for different sectors of the company.
- Address: 401 Commonwealth Drive #03-03 Haw Par Technocentre, Singapore 149598
- Phone: 65 6337 9102
- Fax: 65 6336 9232
- Website: howpar.com
- LinkedIn: Haw Par Corporation Limited
Summary
Haw Par Corporation Limited is more than just a business; it’s a testament to Singapore’s entrepreneurial spirit and resilience. From the healing touch of Tiger Balm to the wonders of Underwater World, the company continues to enrich lives and communities both locally and internationally. With a strong foundation in healthcare, leisure, property, and investments, Haw Par is poised for continued success and growth, embodying the best of Singaporean enterprise. Whether you’re seeking relief from everyday aches or exploring family-friendly leisure options, Haw Par offers something for everyone, rooted in a legacy of trust and innovation.
Disclaimer: All information provided here has been compiled from publicly available sources. While we have made every effort to ensure accuracy, we do not guarantee that the information is complete or error-free. We disclaim any liability for inaccuracies or omissions. If you find any errors or have concerns about the content, please let us know so we can address them promptly.
