A roadmap to transform Singapore's precision engineering sector and build more smart factories has helped kick-start 10 projects since its launch last October.
Three of these projects were started by multinational firms, three by large local enterprises and four by small and medium-sized enterprises (SMEs), said Minister for Trade and Industry (Industry) S. Iswaran yesterday.
The precision engineering Industry Transformation Map (ITM) was rolled out in Budget 2016 as part of a $4.5 billion package aimed at providing companies with industry-specific help to digitalise, invest in new technologies and prepare workers for the future.
Mr Iswaran was speaking at the opening ceremony of JEP Precision Engineering's smart factory in Seletar Aerospace Park.
"I am heartened that companies at different stages of their development are embarking on such projects to strengthen their manufacturing competitiveness by building up in-house digital capabilities," said the minister.
He added that these projects are expected to raise productivity in the companies by 30 per cent on average.
The precision engineering ITM aims to raise the sector's output to $42 billion by 2020, from $32 billion in 2014. It also aims to help 50 SMEs receive qualifications as core suppliers to MNCs in high-growth manufacturing segments by 2020.
As of August, 27 companies have qualified, including JEP which supplies key components such as landing gear systems and engine casings to the aerospace sector.
JEP's new 200,000 sq ft facility is 50 per cent larger than its previous premises in Changi Business Park.
The company invested almost $35 million in the new plant, pumping money into smart factory technologies, which include robotic arms and software that allows engineers to monitor the status of machines in real-time.
"When we were planning to build this plant in 2015, we wanted a plant that can sustain us for the next 10 years at least," said JEP Precision Engineering chief executive Soh Chee Siong at the official opening.
Mr Soh told The Straits Times that the company decided to move into digital manufacturing to position itself for the long term.
While there is a "long runway" for growth in the aerospace segment, JEP is also looking to diversify its business into other sectors, he noted. About 80 per cent of the company's business is in aerospace, with the remainder coming from the semiconductor and oil and gas industries.
The company is also expanding into new markets, including China. JEP has signed a joint venture agreement with Kun Shan Hang Fu with the aim of setting up a facility in China in 2019, said Mr Soh.
Check out the 12th episode of the A*STAR TV Series.
Two days after the World Health Organization (WHO) declared Zika as a public health emergency, A*STAR researchers got into the action.
The Technology Centre for Offshore and Marine Singapore (TCOMS) is Singapore’s first research and development (R&D) centre for the industry.
Singapore's space and satellite sector is one of the new industry clusters groomed for future growth. Find out how A*STAR's T-up scheme helped Addvalue Technologies transition from consumer to leading edge satellite communications.
Noise and heat pollution are inevitable in urban areas. A team of A*STAR researchers are developing ‘green’ building solutions for walls and windows so that city-dwellers can soon enjoy quieter, cooler homes and offices.
With the dawn of digitisation in Singapore’s manufacturing industry, McKinsey & Company partnered with A*STAR’s Advanced Remanufacturing and Technology Centre (ARTC) to develop ‘Project Lighthouse’, a digital capacity platform where companies can test-bed Industry 4.0 solutions.
A*STAR is taking its partnership with British aero-engine giant Rolls-Royce to a deeper level.
NovogeneAIT and Genome Institute of Singapore say centre will devote its sequencing capabilities to support public research projects and empower super scale sequencing initiatives
A*STAR supports Singapore’s vision to be a leading aerospace hub in Asia-Pacific through its Aerospace Programme.
Sometimes, being too comfortable is a risk. Because you don’t realise what is at stake, and you think that it’s someone else’s money.
Singapore faces several challenges, such as uncertain global economic conditions, the rise of regional competition, and an ageing workforce.
Manufacturing is a core industry in Singapore, contributing 20 per cent of the country’s gross domestic product (GDP).
Even though the human genome was sequenced in 2000, much remains to be known about how it encodes our development, physiology, and disease dynamics.
A*STAR announced an enhanced Headstart programme, where local SMEs can enjoy royalty-free and exclusive licences up to 36 months for industry solutions co-developed with A*STAR.
Government investment into pharmaceutical research is thus crucial, together with increasing public-private partnerships to commercialise and market new drugs.
Drug testing is important to help companies develop drugs more accurately, save time and reduce the risk of investing in something that may not eventually work.
Speakers from both public and private sectors spoke at the recent A*STAR-SPRING SME Day 2017 on how strategic partnerships can help pave the way for SMEs to adopt as well as develop technology.
For many years, healthcare field practitioners have been trying to search for a New compound kills bacteria in seconds.
At 398 robots for every 10,000 employees, Singapore has the second highest robot density in the world.
Erratic power supply has often caused Asia’s economic growth to hit speed bumps. Find out how A*STAR, through Institute for Infocomm Research (I2R) and Experimental Power Grid Center (EPGC) .
The company 3D Metalforge also signed a new agreement with SIMTech to commercialise large-format Laser Aided Additive Maanufacturing (LAAM) for industrial 3D printing.
HDB, Imperial College London and A*STAR's Institute for Infocomm Research collaborate on a $5.3 million research programme to study how smart sensing and analytics can enhance housing estates services
At the recent Leaders in Science Forum – organised as part of the one-north Festival, a four-day celebration of research, innovation, creativity and enterprise – industry leaders shared what might be driving this phenomenon and what more can be done to tackle it.
Smaller manufacturing players who want to try the latest hardware without breaking the bank can take advantage of a new sharing scheme set up by the Agency for Science, Technology and Research (A*Star).
A new scheme unveiled yesterday is primed to give drug-makers and the wider manufacturing sector a shot in the arm as disruptive change roils industries and poses huge challenges to bosses.
In Singapore, researchers are already developing wearables that have other applications, such as for healthcare, brain training and social & adventure photography. The 360-degree cameras on your wrist and a headband that knows when you are tired may soon be a reality, thanks to inventive researchers in Singapore.
British engineering giant Rolls- Royce, the Agency for Science, Technology and Research (A*Star) and Singapore Aero Engine Services (SAESL) are investing up to $60 million to set up a facility to develop new technologies for the aerospace industry.
Where manufacturers can test ideas that can raise their competitiveness
Ten years on, the veteran entrepreneur is giving back. He is mentoring and creating startups for the venture co-creation (VCC) initiative together with ETPL.
Pharmaceutical and food ingredient maker to expand staff, team up with A*Star institutes
This year's winners have made a difference in fields as diverse as cancer detection, health and construction. Here's how their T-Up projects contributed to their companies.
TELCO Singtel and Nanyang Technological University (NTU) have set up a S$42.4 million laboratory to develop and commercialise digital technologies.
Aim to improve care, from risk prediction to managing disease
Advent Access to commercialise device easing access to veins, reducing complications from long-term treatment
Osteopore International, a Singaporean medical technology firm, uses 3D printing to restore the human skeleton and heal wounds.
Thirty-six per cent of those polled in the latest survey said that they are satisfied with the current business climate in Singapore - up from 20 per cent a year earlier.