Singapore To Set Up First Centre For Re-Manufacturing In Asia

31 May

SINGAPORE: Singapore unveils Asia’s first re-manufacturing centre in a bid to drive value-added activities in its manufacturing sector.

The partnership involves various key players in research and development and the manufacturing industry to develop new technologies in re-manufacturing.

Six industry players signed a memorandum of understanding with the Advanced Remanufacturing & Technology Centre of Singapore (ARTC) on Thursday, to bridge the technological gaps in re-manufacturing in the aerospace, oil and gas, marine, energy, automotive and engineering industries.

Re-manufacturing technologies allow companies to process end-of-life products into “good as new” ones for the market.

This can reduce material costs by up to 30 per cent and generate higher margins of up to 50 to 60 per cent.

Dr Hamid Mughal, chairman of Advanced Remanufacturing and Technology Centre ARTC Programme Board, executive vice president, Rolls Royce plc, said: “You get better finish, you get high quality finish, you get conformity to design specification, you get high quality service and feature and that gives you an edge on quality. So your re-manufacturing product getting closer and closer to original manufacturing.”

The centre is partially-funded by Singapore’s Agency for Science, Technology and Research (A’STAR).

Eight local small and medium enterprises have also joined the centre to co-develop technologies along with key industry players such as Boeing, Rolls Royce plc and Siemens Industry Software.

This will help cultivate the local supply chain in this new growth area.

Dr Raj Thampuran, executive director, A’STAR, said: “This is a much more profound capability, much more profound skill than repairing or recycling. Like in fine art paintings, the ability to restore requires people of extreme expertise, deep skill to bring things that are original back to life and give it a second life.”

The centre is modeled against successful centres in the United Kingdom and belongs to a network of seven advanced manufacturing centres globally.

It hopes to expand to 40 industry players when it moves into its new premises in 2014.

A report by Global Industry Analysts predicts that the global automotive re-manufacturing market will reach US$104.8 billion by 2015.

In the US, the re-manufacturing industry constitutes US$53 billion, employing 480,000 workers.

– CNA/ck

Channel News Asia

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