Singapore companies expand presence in Tianjin

 

Asia

Singapore and Tianjin companies signed eight agreements for collaboration at the Sino-Singapore Tianjin Eco-City (SSTEC) on Wednesday (July 30), further strengthening the Republic’s position to support and leverage on Tianjin’s rapid economic growth.

The deals – part of the 10 signed on Wednesday at the Singapore-Tianjin Economic and Trade Council (STETC) meeting – include one by Keppel Offshore and Marine to set up a design and service outsourcing centre in SSTEC, where music company Ocean Butterflies has also agreed to set up its regional headquarters.

These upcoming projects will follow the Chinese government’s ongoing efforts to shift Tianjin towards a market-driven economy while integrating the city with Beijing and Hebei province nearby to create a regional economic hub.

Singapore companies should tap the opportunities provided by these developments, said Minister for National Development Khaw Boon Wan as he closed the STETC meeting.

“We can expect demand for better logistics support to facilitate transportation of goods, and expansion of railways and highways… Workers will have to be trained to meet new industrial demands for higher skills,” he said. “Above all, the emphasis on environment and green growth will mean more urban solutions to be implemented. These are traditional areas of strengths which Singapore companies can contribute to.”

Singapore has been growing its ties with Tianjin, with bilateral trade expanding by 34 per cent to US$2.9 billion (S$3.6 billion) in 2013 while Singapore’s cumulative investments into the city reached US$6.6 billion as of March this year, data by International Enterprise (IE) Singapore shows.

A key pillar to that partnership is the Eco-City project, which is developed by a Singapore-Chinese joint venture. The project has already crossed several important milestones since its inception in 2008, and the Eco-City is on track to meet targets such as provision of 100 per cent potable water from taps for both residential and commercial uses, Mr Khaw said on Wednesday.

To date, the Eco-City has attracted about 30 Singapore companies, IE Singapore told TODAY, adding to a growing Singapore business community across Tianjin that also includes companies such as CapitaLand, Hyflux, Tiong Seng and Yanlord.

 

 

 

 

Source : Channel News Asia | July 31, 2014

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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