Strategic industry alliance formed to pioneer circular manufacturing in Singapore

"Sustainability is increasingly crucial in global markets. Companies prioritising environmentally responsible practices gain a competitive edge, enhancing their reputation and attracting eco-conscious consumers and investors worldwide. Embracing sustainability in manufacturing unlocks exciting possibilities through the circular manufacturing model; minimizing waste, maximizing resource efficiency, and leading to cost savings, new revenue streams, and improved business resilience. It also fosters talent attraction and retention with purpose- driven workplaces. SPETA supports this industry-led sustainability initiative. We encourage more manufacturers to chart and embark on their sustainability journey. Together, we can create a resilient and responsible manufacturing community in Singapore."

“Sustainability and circularity are key to the future of manufacturing. As we strive towards a greener future, it is important for companies to adopt circular manufacturing practices that reduce waste and promote efficient resource use. By creating a collaborative ecosystem, companies can share their knowledge and resources to accelerate the development of new processes and know-how to promote circular manufacturing. EDB is pleased to witness the announcement of this partnership on circular manufacturing in Singapore. The alliance leverages the additive manufacturing expertise of our companies and not only contributes to sustainable manufacturing, but also creates new opportunities for local businesses to innovate and grow.”

“Beyond productivity and innovation, the future of manufacturing will require manufacturers to incorporate sustainability practices across its business processes. Within the local manufacturing ecosystem, we have seen an increase in the deployment of new manufacturing technologies and capabilities to reduce usage and wastage of resources. This MoU aims to support the upcycling of metal waste for additive manufacturing, and EnterpriseSG is committed to work with more manufacturers to share and contribute their domain expertise for other potential applications to drive sustainability efforts.”