ROLLS-ROYCEEngineering Growth in the Region
Rolls-Royce, a world-leading provider of power systems and services for use on land, sea and air, has established a strong position in four distinct global business units - civil aerospace, defence aerospace, marine as well as energy. All of these are strongly represented in Singapore, a key business hub for the company.
From its entry into Singapore in the 1950s, Rolls-Royce has grown its presence to become a major player in the country’s aerospace industry, accounting for over 15 per cent of Singapore’s aerospace output. Through joint ventures with key local industry partners including Singapore Airlines Engineering Company, and activities in the energy and marine sector, Rolls-Royce is expecting considerable growth to its operations in and around the region.
In 2008, Rolls-Royce began work on its S$700 million Rolls-Royce Seletar Campus. The Campus include the most modern Rolls-Royce manufacturing, assembly and test facility for Trent aero engines, as well as research and training facilities. With almost half of Rolls-Royce’s new orders for aircraft engines coming from airlines in the region, this move firmly entrenches the company’s commitment to Asia.
“Singapore has been a partner of growth for Rolls-Royce. This fantastic facility gives Rolls-Royce additional capacity to deliver our record order book. Importantly, this also marks an important new phase of our relationship with Singapore. The Rolls-Royce Seletar Campus brings together state of the art technologies, advanced manufacturing techniques and highly skilled people to produce some of the most advanced aero engines in the world,” said Jonathan Asherson, Regional Director, Rolls-Royce in Singapore.
Located at the newly developed Seletar Aerospace Park, this campus is a strong vote of confidence to Singapore’s capabilities to be a home for high-value manufacturing and development activities. It also highlights the attractiveness of Seletar Aerospace Park as a cradle for new opportunities in the aerospace sector, where synergies arise from the clustering and integration of activities across the supply chain.
In 2009, Rolls-Royce relocated its global headquarters for its marine business to Singapore, adding to the global head office for its Marine Services operation. The new Marine headquarters has global responsibilities for business development, marketing and corporate services.
THE WAY FORWARD
Since 1990, Singapore’s aerospace industry has grown at an average rate of over 10 per cent to become the most comprehensive MRO hub in Asia. In 2011, Singapore’s aerospace industry achieved a record output of S$7.9 billion employing some 19,000 workers. Today, Singapore is recognised as a regional leader in aerospace maintenance, repair and overhaul (MRO), aviation manufacturing and R&D.
Aerospace-related R&D in Singapore has also grown significantly over the last two years and is set to grow further. Major aerospace companies have already established R&D centres that leverage on the capabilities of the country’s local research institutes and universities.
Similarly, Singapore is home to a thriving marine & offshore industry. Geographically located at the confluence of major shipping lanes, the Singapore marine industry has long been a leading centre for ship repair. In recent years, the industry has been boosted by the strong demand from the offshore industry.
"Rolls-Royce has benefited from the valuable business opportunities, excellent talent pool and solid infrastructure that Singapore offers, and has been able to contribute to the phenomenal growth of the country through our joint ventures and R&D collaborations," noted Mr Asherson. "We look forward to many years of further development and growth with our partners here."
|Industry:||Aerospace Engineering, Marine & Offshore Engineering|