>> ASIAONE / NEWS / LATEST NEWS / BUSINESS / STORY
3M to open $272m plant in Tuas
Chia Yan Min
Fri, May 02, 2008
The Straits Times

UNITED States technology conglomerate 3M, best-known for innovative products such as Post-it note pads, is expanding operations in Singapore with a new US$200 million (S$272.2 million) plant in Tuas.

The factory will employ 250 workers initially to make thin film coatings.

Used mainly on windows to reduce glare and heat, they also have electronic and automotive uses.

3M, which makes a vast range of products for both consumer and industrial use, has a long relationship with Singapore, which dates back to 1966 when it set up a sales office here.

The company said the new 65,000 sq m plant will be its most advanced thin film coating facility outside the US and will be a centre of excellence for 3M's film coating business in the Asia Pacific region.

The facility is expected to be up and running by the middle of next year, 3M said.

In expanding its operations here, the company envisions that Singapore will become a '3M regional superhub', said Mr John Woodworth, the senior vice-president of corporate supply chain operations.

3M regional superhubs are large production and resource-sharing facilities that are tied to the company's regional growth needs.

They also manufacture products for other 3M businesses.

The Tuas plant will be 3M's second facility in Singapore.

Read the full story in Saturday's edition of The Straits Times.

 

 
STORY INDEX
 
  3M to open $272m plant in Tuas
   
 
  Fuel prices drive Indonesian CPI up to 8.96 %
   
 
  Australian firm eyes stake in Indon's Krakatau Steel
   
 
  STI closes higher
   
 
  India inflation hits 42-month high of 7.57%
   
 
  Japanese banks see $19.5b in subprime losses
   
 
  Bank of England says credit crunch concerns overstated
   
 
  UBS to unveil job cut plans on Tues
   
 
  S&P affirms 'AAA' rating on Singapore with stable outlook
   
 
  Surging food, fuel prices push some Americans to brink
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg
   

Search: