JTC developing more innovative space solutions for manufacturing sector
- POSTED: 21 May 2014 19:49
- UPDATED: 21 May 2014 23:26
New opportunities will open up as Singapore positions itself as an advanced manufacturing hub, said Trade and Industry Minister Lim Hng Kiang at the launch of JTC Space @ Tampines North.
SINGAPORE: The manufacturing sector continues to be a key growth engine for Singapore's economy, contributing to about a fifth of GDP and providing half a million jobs last year.
Speaking at the launch of JTC Space @ Tampines North, Trade and Industry Minister Lim Hng Kiang said the government will continue to help SMEs seize new growth opportunities.
To meet the evolving needs of SMEs, JTC is developing more innovative space solutions for key industries within the manufacturing sector.
The JTC Space @ Tampines North will integrate land-based facilities with high-rise, multi-user factories - the first if its kind in Singapore.
JTC says the nine-storey development offers flexibility, allowing companies in the high-rise factory unit to expand their operations by combining multiple units on the same floor.
Features like high-floor loading and wide corridors also mean some of the traditionally land-based industries can now go high-rise.
It is also future-ready, with designated vibration-sensitive space for new industries such as additive manufacturing and robotics.
Currently, there are about 9,400 manufacturing SMEs in Singapore, which form an integral part of the manufacturing ecosystem, said Mr Lim.
These firms play an important role in supplying bigger companies with services such as metal moulding and fabrication of machine parts.
Mr Lim added that as Singapore transforms its manufacturing landscape to position itself as an advanced manufacturing hub, new opportunities will open up for companies and workers.
The government will continue to partner companies, especially SMEs, to tap these opportunities for growth.
Construction of JTC Space @ Tampines North will commence at the end of 2014 and the development is expected to be completed by 2016.