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SINGAPORE: Singapore's electronics sector received a much-needed boost on Tuesday with the opening of a new plant by German microsystems technologies specialist Elbau.
The S$6 million facility is the firm's first production plant outside Germany.
Elbau is one of Europe's leading manufacturers of customised sensors and microsystems. The sensors have a wide range of uses in industries such as avionics, solar energy and medical technology.
According to Elbau's managing director, Thomas Sichting, Singapore's highly specialised talent pool in fields such as micro-design and engineering is a key reason why the firm decided to set up shop here.
He said: "At the moment, we have here five persons and that's a very good start. We're now in the process of qualifying and setting up next year maybe 30 persons and over the next year 50 persons, that's our goal."
In addition to the 50 new specialised jobs, Elbau plans to set up a research and development team to collaborate with research institutes in Singapore by the first quarter of 2011.
Speaking at the opening ceremony, EDB's deputy managing director Tan Choon Shian said Singapore's electronics industry remains a key segment of the manufacturing sector and has shown signs of improvement despite weak export numbers.
He said: "In the longer term the electronics sector will grow along with other industries as Asia continues to grow.
"In the short term, because of the volatility in the world and the general restructuring going on in various industries, there will continue to be some volatility. But volatility is something that the electronics companies are very used to." - 938LIVE/vm
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