JTC Corporation has signed a series of agreements with local and international aerospace companies that are looking to expand operations in Singapore. These leading aerospace companies have committed S$500 million new investments in Singapore over the next 5 years. Companies involved include GE Aviation, Overhaul Services – Singapore; SIA Engineering Company Limited (SIAEC); Singapore Aero Engine Services (SAESL); Ametek MRO; GE Aviation, Engine Services – Singapore; Pattonair; and RLC Group (Singapore).
Amidst global economic uncertainties, the long-term prospects for the aerospace sector remain bright. Since 2015, total output for our aerospace industry has enjoyed a compound annual growth rate of 10 percent and surpassed S$11 billion in 2018.
This investment will expand the aerospace ecosystem and supplier networks and strengthen Singapore’s position as a global hub.
GE Aviation, Overhaul Services a joint venture between GE Aviation and SIAEC is setting up a state-of-the-art engine overhaul facility which will adopt digitisation and data analytics to enhance productivity. SIAEC has identified Changi North estate as a potential site for its facility for its engines. While SAESL, a joint venture between SIAEC and Rolls-Royce is exploring an expansion in JTC’s aerospace enclave in Loyang estate.
Furthermore, new entrants are establishing their operations in Seletar Aerospace Park. This includes Proponent, which will open a 20,000-square-foot regional distribution facility and PPG which will complete its new 38,750 square-foot Application Support Centre (ASC) at Seletar Aerospace Park.
To meet strong industry demand, JTC also launched aeroSpace Three, a new cluster of nine ready-built standard factories to provide “plug & play” solutions for aerospace manufacturing and MRO activities. These new standard factories will incorporate the industry’s requirements for higher technical specifications to cater for Industry 4.0 technologies and the use of heavier and larger equipment.
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