Topic of Interest: #Industrial (2,827 Articles Found)

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German pharmaceutical giant Bayer may build new plant, partner start-ups in Singapore

Bayer AG may build a new production facility in Singapore to support the ground-breaking cell and gene therapies it is developing to cure Parkinson’s disease. The German multinational, one of the world’s top pharmaceutical companies, told ST that…

Pivoting to promising segments an increasingly vital growth driver for Reits

Capitamall Trust (CMT) became Singapore’s first listed Reit in July 2002. In its first 5 full years as a listed entity, DPU rose 66 per cent between 2003 and 2007, or a CAGR of nearly 14 per cent.…

Self-storage operators see brisk business amid COVID-19 pandemic

Self-storage providers are seeing a boom in demand due to the COVID-19 pandemic, with some already expanding their operations in Singapore. Enquiries and take-up rates for these spaces, which people and businesses rent to store personal items or…

ExxonMobil plans carbon capture network in Southeast Asia

ExxonMobil looks to build a network of carbon capture and storage facilities stretching across SEA, with Singapore serving as the collection hub of the new enterprise, the company’s climate point man told Nikkei. Singapore will collect and ship…

JTC launches two industrial sites

JTC has launched two industrial sites – one at 11 Tuas Ave 18 and the other in Jalan Papan (Plot 9) – for sale under the second half of the 2021 IGLS Programme. The third of the four…

ESR-REIT completes divestment of two properties for $53mil

The divestment of 3C Toh Guan Road East and 11 Serangoon North Ave 5 has been completed for $53 million. ESR-REIT, via its trustee RBC Investor Services Trust Singapore, has completed the divestment of 3C Toh Guan Road…

New Kranji facility attracts firms with high technical specifications

Beng Hock Mechanical Engg will be moving next year into a new facility in Kranji, where the local company will implement new digital solutions projected to help it save between $150,000 and $220,000 annually. This will be accomplished…

Holiday season, supply chain issues bolstering demand for warehousing

As the festive season approaches, demand for warehousing and storage space is picking up, with some operators expecting to reap a bump in revenue. Aside from the usual demand that comes with the year-end period, supply chain woes…

Is Yew Tee the new Yishun?

If you were to ask any local to name the most notorious part of Singapore, there’s a pretty decent chance Yishun would be mentioned more than once. This comes as no surprise, considering the dozens of bizarre events…

Pandemic recovery to support swift real estate market rebound over next two years: ULI

ULI forecasts swift economic recovery for the real estate markets in Hong Kong, Singapore, China, and Japan over the next three years. “The APAC real estate industry is well primed for a resurgence in 2022 and we believe…

Guests at 14-person birthday party in Tagore Lane fined for flouting Covid-19 rules

A group of 14 Singaporeans turned up on July 17 for a birthday party at an industrial unit in Tagore Lane, at a time when only five people could socialise as a group amid Covid-19 curbs. Without masks,…

JTC awards Jalan Papan site tender for S$5.6m to Trans-Euro

JTC has awarded the tender for the industrial site at Jalan Papan (Plot 7) to machinery lifting and hoisting contractor Trans-Euro, at a tendered sum of some $5.6 million. On Fri, JTC said that the tender launched on…

Why is the Singapore REIT market going so strong after two years of COVID-19?

S-REITs have emerged as a resilient segment of the local stock exchange in the past two years. Traditionally a key pillar of the portfolios of individual investors in Singapore, the iEdge S-REIT Index, regarded as the S-REIT benchmark,…

LHN plans to spin off logistics business for separate Calist listing

LHN, listed on both Hong Kong and Singapore, plans to spin off its logistics business for its separate Catalist listing. LHN explains that its business is now organised into three different areas: space optimisation business; facilities mgmt and…

First fully automated large-scale production line for plant-based protein launched in S’pore

Singapore’s first fully automated large-scale production line for plant-based protein products was launched on Wed in a specialised food innovation facility in Woodlands. The facility, owned by Growthwell Foods, a local firm that recently shifted its ambitions towards…

Singapore draws $3.7 billion in fixed asset investment commitments in Q3

Fixed asset investment (FAI) commitments in Singapore rose to $3.7 billion in the July to Sept period this year, according to MTI’s Economic Survey released on Wed. The commitments, garnered by EDB, are up from $3.6 billion in…

Waste management firm fined S$17,000 for illegal discharge into sewers, tampering with monitoring equipment: PUB

A toxic industrial waste mgmt company has been fined S$17,000 for illegally discharging trade effluent into public sewers, and for tampering with monitoring equipment used to detect such practices. The firm, NSL Oilchem Logistics, is a repeat offender…

Singapore targets 2 mln tonnes of carbon capture by 2030

Singapore is aiming to realise at least 2 million tonnes of carbon capture potential by 2030 as part of a broader effort to make its Jurong Island oil refinery hub more sustainable, its EDB said on Tues. Many…

CDL unit granted option to buy S$126.3m worth of assets from Tan Chong

Tan Chong Intl’s indirect wholly-owned subsidiary has granted a call option to a unit of City Developments (CDL) to purchase its property, plant and equipment for S$126.3 million, announced the auto dealer last Fri. Based on an Acra…

Shell builds Singapore pyrolysis oil unit to convert plastic waste to chemicals

Royal Dutch Shell said on Tues it plans to build a pyrolysis oil upgrader to turn plastic waste into chemical feedstock at its petrochemical complex in Singapore, part of its shift from oil and gas to renewables and…

Singapore sets ‘aspirational targets’ for energy and chemicals sector, part of move to transform Jurong Island

Singapore has set “aspirational targets” for its energy & chemicals (E&C) sector to increase its output of sustainable products by four times from 2019 levels and achieve more than six million tonnes of carbon abatement per year from…

EDB’s first managing director, who played key role in Jurong industrialisation, dies

The first MD of the EDB, Mr Lim Ho Hup, died on Sun night at age 92. He is survived by six children and his wife, who took care of him in his last hours. Mr Lim, born…

Should Ivanhoe Cambridge be allowed to vote on ARA Logos’ merger with ESR-Reit?

When ESR-Reit and ARA Logos Logistics Trust (ARA Logos) announced their proposed merger on Oct 15, they said an entity called Ivanhoe Cambridge Asia – which holds nearly 126.7 million units in ARA Logos, amounting to more than…

It’s an e-commerce boom, but online supermarket RedMart is not sitting still

When it comes to turning 10 years old, online supermarket RedMart is taking a leaf out of the book of Pri 5 and 6 kids of that age — that a major test is just around the corner.…

Freehold residential site at Hillview Terrace to be up for sale for $122 mil

The owners of eleven freehold factory units at Hillview Terrace will jointly put their properties, comprising 31 to 35 and 50 to 64 Hillview Terrace, up for sale at an indicative price of $122 million on Nov 18.…

From 1.2% to zero: What will it take to phase out coal from Singapore’s energy mix?

Even though coal makes up just over 1 per cent of Singapore’s energy needs, phasing out the use of the fossil fuel may not be such a straightforward affair for Singapore, experts say. Coal is often described as…

Just how scientific is Singapore Science Park? A not-so-scientific investigation

The interest in scientific endeavours never waned, however. Sure, the actual work of empirical methods, recording hard data and remembering formulas is boring. But how can you not geek out AI, spaceflight and dog-shaped robots that can open…

Ascendas REIT to jointly develop 1 Science Park Drive with CapitaLand Development for $883 mil

Ascendas REIT will redevelop 1 Science Drive in a JV with CapitaLand Development (CLD), with a total cost estimated at $883 million. The process will start with A-Reit selling the asset into a JV for $103 million, which…

Industrial building at Changi South Street for sale at $12mil

An industrial building at 48 Changi South St 1, within the Changi South Industrial Estate, is on the market for $12 million, or $270 psf. The part two-/part four-storey building sits on a land area of approximately 44,368…

How Lazada is improving its logistics offering for sellers and shoppers

Shopping online can involve a rollercoaster of emotions. The rush of finding a great deal, especially during major sales events like 11.11, leads to the euphoria of confirming a purchase, before it all gives way to the anticipation…

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