Denmark’s HEMPEL group, a global producer of protective coatings for marine and the oil and gas sectors, has launched its new regional R&D centre in Singapore. The facility, on its manufacturing site in Tuas, will enable the company to realise its global strategy with its other R&D facilities in Denmark, Spain and the US.
At a ceremony last month, Ditlev Engel, HEMPEL’s president and CEO said:
“With Southeast Asia our largest growth region, the timing was right to develop an R&D centre that creates opportunities here and abroad.”
Singapore was chosen because of its skilled workforce, the availability of high technology and the favourable business climate.
Teo Ming Kian, chairman of state Economic Development Board said:
“As a maritime hub with the capability to generate intellectual capital, Singapore is a logical choice for companies like HEMPEL to locate its regional operations and R&D centre. The centre will build new capabilities in the field of marine coatings, enhancing our position as a global marine and offshore hub.”
A significant proportion of production in Singapore is exported to countries throughout Asia. Despite the economic crisis in the late 1990s, the HEMPEL group has tripled its turnover in Southeast Asia over the last five years.
It is represented in more than 90 countries worldwide, and has been involved in Singapore since 1955 through trading partners. Since 1976, it has had a permanent legal entity through HEMPEL Coatings (Singapore) Pte Ltd to meet local demand for corrosive protective solutions for the expanding marine and industrial sectors.