Smart Factory Launch
We were honoured to be invited to the launch of Fong’s Engineering & Manufacturing Pte Ltd Smart Factory Journey 2 weeks ago. Congratulations! mü interior is proud to be a part of Fong’s transformation journey along with other partners and its bold move forward in the manufacturing sector. We are very grateful for the opportunity.
Singapore’s Manufacturing Sector
Manufacturing has long been a key pillar of our economy. In 2018, manufacturing accounted for slightly more than 20% of our GDP, about 21.4%, and employed about 13% of our workforce, which is a significant number. The manufacturing sector has been facing strong headwinds recently due to the weakening global economic environment coupled with tighter domestic constraints. A key source of uncertainty is the US-China trade dispute, which is likely to accelerate the re-organisation of global supply chains and undermine global business and consumer confidence.Speech by SMS Koh Poh Koon at the Official Launch of Fong’s Engineering and Manufacturing Pte Ltd’s Smart Factory Journey
Fong’s bold move forward
I am heartened that Fong’s has made a bold move to harness the potential of Industry 4.0. It is a journey that will take years and you will need to start on the right footing, and you have to be persistent.
Today, Fong’s has successfully transformed one of its production lines to establish a lights-out and fully-automated Smart Factory that can operate round-the-clock with minimal human intervention.SMS Koh Poh Koon
We are very proud that a homegrown company can have the courage to embark on such a journey despite the “weakening global economic environment coupled with some tightening of our domestic constraints”. It is such an honour for a small company like us to have the opportunity to be a part of their transformation efforts, and to also learn a great deal from them. It is indeed heartening to move forward together.