Rohde & Schwarz invests €52m in Singapore
Rohde Schwarz has invested €35m (SGD 58m) in its first global hub outside Germany in the Changi Business Park, Singapore.
This part of a strategic investment of €52m (SGD 85m) by the Munich-based test system company in Singapore over the next three years.
The facility will be Rohde Schwarz’s regional headquarters and will house Rohde Schwarz Asia, a global hub for RD, engineering and production in the region.
The test firm is also injecting additional share capital in its wholly-owned subsidiary, Rohde Schwarz Asia Pte.
The company has expanded its existing system engineering operations to include other key activities and functions that are normally conducted in Munich. These include product charter responsibility, full scale RD, production and supply chain.
“Our presence in Singapore and the region has grown exponentially since we first began here in 1997,” said Gerhard Geier, president and chief operating officer, Rohde Schwarz.
“This new facility is a clear signal of our strong commitment to Singapore, and will give us the space to expand through a vast scope of higher value-added activities, including capital investment and knowledge-intensive work like innovative product development and RD,” said Geier.
“Singapore’s pool of highly skilled manpower, strong manufacturing base and RD capabilities offer Rohde Schwarz an ideal location to strengthen its business footprint in Asia,” said Yeoh Keat Chuan, assistant managing director, Singapore Economic Development Board.
The company broke ground for the building in April and it is expected to be completed in the fourth quarter of 2013.
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