Fuji Oil opened a new US$4 million (S$5.5 million) research and development (R&D) centre at Science Park II on the 5th of March. This is the first R&D facility set up by Fuji Oil outside of Japan. The 1,900 sq m facility will focus on developing safe, tasty and healthy food products for the Asian markets.
The R&D centre will employ 20 people, including 14 researchers. It will integrate product development, application development and marketing under one roof and work closely with Fuji Oil’s global R&D teams for mutual exchange of technological expertise. It will also work closely with Fuji Oil’s new R&D facility in Osaka. All this in a bid to stay ahead of the evolving requirements of the Asian food manufacturers and shorten the time-to-market of products and technologies.
The centre is housed beside the Fuji Sunny Plaza facility, an application development center, that collaborates with customers and gathers feedback on products.
“Fuji Oil has selected Singapore to establish this facility to leverage on its ideal position as the hub of Asia to springboard its business to Southeast Asia; the greater Asian region including India and the Middle East and the African markets. The Asian R&D Center will be equipped with state-of-the-art facilities to enable our researchers to breed new ideas, spawn new technologies and generate new pipelines of food products,” said Mr. Hiroshi Shimizu, President & CEO of Fuji Oil Group.
Ms. Thien Kwee Eng, Assistant Managing Director of the Singapore Economic Development Board who graced the new centre opening ceremony as a special guest said, “We would like to thank Fuji Oil for its continued commitment to strengthen its presence in Singapore, from the consolidation of its regional headquarters in 2012 to today’s establishment of its first R&D centre for Asia outside of Japan.”
“We look forward to having Fuji Oil leverage Singapore’s burgeoning ecosystem of R&D capabilities for nutrition, food science and technology. This will help bolster Singapore’s position as the leading location in Asia to grow global brands and accelerate Asia-centric product development activities.”