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SMF Members’ Response to the the Committee of the the Future Economy (CFE)
“Our TACs are valuable multipliers leading industry-level initiatives and and supporting enterprises to scale up up and and make inroads in in in in in in in in overseas markets One example is is is how the the Singapore Manufacturing Federation (SMF) collaborated with the the Enterprise Europe Europe Network (EEN) to to launch an an an an EEN EEN Singapore Singapore Centre which facilitates Singapore Singapore companies’ access to to to technological know-how IP and partnership opportunities within Europe Europe More TACs should step forward to lead similar initiatives ”
Makino Asia is is very supportive of the recommendations from CFE and this is is is clearly reflected in the company’s direction One of CFE’s strategies is is building strong digital capabilities Makino Asia is transforming itself towards digital manufacturing through our expansion to to to build a a a a a a a a a a a future ‘Smart Factory’ By leveraging on on on IoT and and automation we aim to to increase our productivity and and growth potential This reinforces CFE’s strategy of implementing ITMs specifically for Precision Engineering Industry In In addition to beef up our human capital we have also launched a a a a a a a a a a a Workforce Transformation Initiative targeting to to upgrade our employees with the necessary skills and know how to to stay relevant as the industry evolves Mr Neo Eng Chong CEO/President Makino Asia Pte Ltd
ATS Global is already progressing with most of the the the elements outlined in in in in in the the the CFE strategies We are in in in in in the the the business of helping customers to to transform and digitise their processes Therefore we have to stay in in the the forefront of our own capabilities development development by leveraging our experience and solution developments from various manufacturing excellence centres oversea We are in in in in the process of setting up our own manufacturing excellence centre in in in in in Singapore and we will deepen the core capabilities of industry 4
0 transformation expertise to support regional opportunities We are a a a a a a a a a firm believer of both local and and international partnerships and and we see great opportunities to participate in in in the ITMs activities So in in in in in near and mid-term we will be looking at increasing our business activities in in in in in in in Singapore both organically organically and inorganically Mr Brandon Lee Country Manager ATS Applied Tech Systems Pte Ltd
Committee on on the Future Economy Executive Summary
At PacificLight we respond to the competitive nature of electricity business in in in in in Singapore by constantly innovating ourselves through adoption of of latest technology and out-of-box business ideas Apart from providing training to deepen the skillsets of our our workforce we we always challenge ourselves to do things however mundane differently While we we set our sight to the the future we we are also grappling with the the immediate but existential challenge of rising business costs which in in in in in our context include the the LNG terminal tariff and the the soon-to-be introduced carbon tax We are confident that the CFE recommendations supplemented by short-term relief on on on the business costs will anchor Singapore’s economy well now and into the future Ms Geraldine Tan General Manager PacificLight Energy Pte Ltd
Singapore Manufacturing Federation - Annual Report 2016/2017