IFM Electronic Invests In The Asian Market
update on 2011-12-19
Singapore: On October 12, 2011, ifm electronic officially opened its first production and development site in Asia.
Existing company products, along with new ranges specially tailored to the requirements of Asian customers, are to be developed and produced in Singapore. In the medium term, hundreds of jobs will be created in the country. Thanks to the qualified engineers and specialist workers, Singapore provides ifm with the perfect environment for recruiting the right staff.
"We are very pleased that ifm electronic has chosen Singapore for its first integrated manufacturing plant in Asia," said Mr Yeoh Keat Chuan, assistant MD of the Singapore Economic Development Board. "The availability of engineering talent, ease of doing business and proximity to growth markets in Asia make Singapore a strategic base for companies such as ifm electronic to grow their top line and create new value for customers," he added.
Kent Karlsson, project leader for the development of the new production and development centre, concludes: "With the new location in Singapore we will continue to significantly extent our market position in the rapidly growing Asian market."
Many threads from the Asian continent meet in Singapore. The country is politically stable and neutral and is the contact point for investments by international companies. The positioning in Singapore also ensures development close to the market, which in turn makes it easier to accept specific technological aspects.
The technical specialists at the company’s original location in Tettnang on Lake Constance are looking forward to a lively exchange with the new colleagues in Singapore. This way, the key strengths of the company including know-how, quality, reliability and innovative strength transported internationally in the most are efficient way. "Local management, local production, development and distribution — Singapore is the perfect next step for ifm electronic", concludes Mr Karlsson.