JTC ANNOUNCES S$500MILLION IN NEW AEROSPACE INVESTMENTS IN SINGAPORE
Amidst global economic uncertainties, the long-term prospects for the aerospace sector remain bright.
Leading aerospace companies have committed S$500 million of new investments in Singapore over the next 5 years. In February 2020, JTC signed a series of agreements with several important aerospace players, setting the stage for an expansion of the aerospace ecosystem and supplier networks to strengthen Singapore’s position as a global aerospace hub.
JTC also unveiled aeroSpace Three, a cluster of 9 new ready-built standard factories in Seletar Aerospace Park. The project aims to provide “plug & play” solutions for aerospace manufacturing and MRO activities, and will be built to cater for Industry 4.0 technologies and the use of heavier and larger equipment.
Here’s a snapshot of the agreements signed between JTC and aerospace companies at Singapore Airshow 2020.
- GE Aviation, Overhaul Services – Singapore, a joint venture between GE Aviation and SIAEC, the company has confirmed plans to set up a state- of-the-art engine overhaul facility at JTC’s Loyang estate. The facility will service GE90 and GE9X engines for the Boeing 777 and 777X platforms. It will use best practices from GE’s innovative manufacturing concepts, and adopt advanced technologies, data analytics and lean practices to enhance productivity.
- SIA Engineering Company (SIAEC) has entered an agreement with Safran Aircraft Engines to provide maintenance services for CFM LEAP-1A and LEAP-1B engines for aerospace customers in Singapore. A facility for this purpose will be set-up at Changi North estate. It will adopt the latest engine maintenance and Quick Turn (QT) processes, including advanced technology to support engine QT and modification embodiment services.
- Singapore Aero Engine Services (SAESL), a joint venture between SIAEC and Rolls-Royce, is the world’s largest Rolls-Royce Trent Aero Engine MRO facility and Trent Centre of Excellence. SAESL intends to further expand its operations in JTC’s Loyang estate to meet global demand for its services.
- Proponent, a leading independent aerospace distribution company, will be opening a 20,000-square-foot regional distribution facility in Seletar Aerospace Park. This will expand their footprint in Asia Pacific and bring operations closer to regional customers. “This new facility supports our long-term commitment to the region, and Seletar Aerospace Park is providing us an excellent location to suit our growth plans,” said Erik Krol, Vice President, Asia Development.
- PPG, a global leader in paints, coatings and specialty materials is completing its new Application Support Centre (ASC) at Seletar Aerospace Park. Its US$15 million investment in the centre is the company’s largest in Southeast Asia and is scheduled for completion in 2020. The new facility will accommodate increased demand for aerospace sealants, coatings, transparencies, chemical management services and the packaging of third- party products.
- Recently merged, Pattonair and Wesco Aircraft, are planning a 40,000-square-foot facility at the new JTC aeroSpace Three in 2021. Wayne Hollinshead, President said, “We are pleased to be investing further in our Asia operations… This move will reinforce our relationship with Rolls-Royce and provide additional opportunities to support new customers and MROs in the region and their supply chain complexities.”
- Bombardier is quadrupling the footprint of its Singapore Service Centre, which will make Seletar Aerospace Park home to its largest OEM-owned business maintenance facility in the region. The expanded Singapore Service Centre will offer heavy structural and composite repair capabilities, doubling the size of its integrated parts depot to close to 10,000 square feet, and adding more than $15 million in additional parts inventory.