SlideShare una empresa de Scribd logo
1 de 3
Signup eAlerts
Eye on Industry
Precision Engineering : Poised for Growth with $5.6m Investment
Singapore's precision engineering industry is poised for higher growth and increased
revenues, thanks to the $5.6 million investment pumped in by the Singapore Precision
Engineering and Tooling Association, with support under LEAD.
by Joanne Tan
The fridge in your home may be a foreign brand but the compressor inside could be made in Singapore. Small as we are, Singapore
produces 10% of the world's household refrigerator compressors. We are also home to no less than10 major semiconductor and industrial
equipment manufacturers.
The PE industry is made up of manufacturers of precision components and machinery, as well as providers of related manufacturing
services. It is a key supporting pillar to a wide range of industry sectors such as electronics, aerospace and medical technology. In 2005, the
PE industry generated an output of $20 billion and contributed to 12% of manufacturing value add. It is also one of the largest contributors of
manufacturing employment, accounting for one out of every four jobs in the sector. The industry is expected to generate an output of $28
billion and double its value added to $10 billion by 2018.
Engineering Growth in PE
The Singapore Precision Engineering and Tooling Association (SPETA) is implementing their industry plan to enhance the competitiveness of
the PE industry. When completed, these projects will bring about more than $450 million in revenue, some 2,000 new jobs and an increase in
value added of $150 million for the industry over the next three years.
This was announced at SPETA's annual general meeting held on 7 February 2007 where the association showcased some projects in the
plan. Joining the local PE companies at the event, Minister of State for Trade and Industry, Mr Lee Yi Shyan, commended SPETA for their
commitment in taking the lead to grow the industry. He urged PE companies to tap on the programme to "differentiate themselves by
providing products and services which cannot be easily copied or matched, seek new growth markets, enhance their technical capabilities to
move up the value chain, and attract and retain talents and upgrade the skills of their workers."
SPETA leads
SPETA Chairman Dr Felix Ong said, "We are very happy that our industry plan and efforts have the support of SPRING and IE Singapore.
Our PE industry will be poised to meet the new global challenges ahead through the development of new markets and businesses, and
upgrading of our capabilities."
World's First Virtual CNC Training Simulator
One critical area is to tackle the training of computer numeric control (CNC)
machinists, which traditionally requires one machine for one machinist, resulting in
heavy capital investment. SPETA, together with SIMTech, developed a simulator
for training CNC machinists which significantly reduce the training hours spent on
the actual machine and machine resources required. As a result, the number of
students trained is also doubled.
The simulator software is the exact replica of an actual
CNC machine that allows students to try out different
milling situations safely and more efficiently.
CNC Milling Machine
CNC Training Simulator
This is the world's first simulator that uses a three-dimensional precise unified geometrical model. It allows students to simulate the milling
process and save the "machined" model for other downstream machining process. The virtual CNC simulator also allows for different
situations to be tested during training, which would be costly, if done on the actual machine. The Institute of Technical Education (ITE) is in
discussion with SPETA to integrate this simulator into its curriculum.
Tapping on the Automotive Industry
Riding on the growth of the automotive industry, SPETA is helping PE companies to tap the new opportunities in the sector. This industry has
grown significantly from $480 million in 2003 to $640 million in 2005. PE companies can also participate in SPETA-facilitated collaboration
between local and foreign PE companies to help build capabilities in design and production. SPETA's efforts complement AUTO IGNITE, a
multi-agency effort aimed at encouraging Singapore enterprises to move up the value chain by supplying automotive sub-systems and
modules.
SPETA is one of 13 industry associations that have received support under the LEAD programme. Launched in May 2005, LEAD is a joint
initiative by SPRING Singapore and IE Singapore to enhance industry and enterprise competitiveness through partnership with industry
associations to improve key capabilities of local enterprises in their sectors.
SPRING Deputy Chief Executive, Mr Png Cheong Boon, underlined SPRING's commitment to support SPETA in developing the precision
engineering industry. "Our local PE enterprises will benefit by participating in SPETA's industry-wide programmes. They should leverage on
these programmes to upgrade their capabilities and tap on new business opportunities." He added, "We urge more industry associations to
come forward and join us in this private sector-led initiative to take their industries to higher growth." ET
Four key areas under SPETA's LEAD proposal:
• Market and business development through business missions and networking seminars to help
create new market and business opportunities between local and foreign PE companies
• Capabilities development by:
- Training executives and managers in the management of PE companies and tool rooms
- Developing new specialist training courses and joint industry projects or consortiums
- Setting up of a Virtual CNC Training Laboratory to train CNC machinists and a tooling design
advisory and consultancy service
- Organising management or technical seminars to introduce the latest management and
technological trends
• Technology development by implementing a:
- Platform for collaborative engineering to enhance competitiveness amongst tool rooms in different
locations and tool room management system to enhance the management of tooling facilities
• Growth market development (automotive parts industry) through:
- strategic alliances between our local PE companies and foreign companies
- training courses and capability development projects to develop our local automotive capabilities in
the design and production of automotive modules

Más contenido relacionado

La actualidad más candente

Presentation msm ever2.21
Presentation msm ever2.21Presentation msm ever2.21
Presentation msm ever2.21
Dolly Bhasin
 
CFA_ETEEEM2014_Ameneh_Alaghband_Rad
CFA_ETEEEM2014_Ameneh_Alaghband_RadCFA_ETEEEM2014_Ameneh_Alaghband_Rad
CFA_ETEEEM2014_Ameneh_Alaghband_Rad
Ameneh Alaghband
 
Aviation India ICT Forum Agenda 25 sept 2013
Aviation India ICT Forum Agenda 25 sept 2013Aviation India ICT Forum Agenda 25 sept 2013
Aviation India ICT Forum Agenda 25 sept 2013
SITA
 

La actualidad más candente (20)

Presentation msm ever2.21
Presentation msm ever2.21Presentation msm ever2.21
Presentation msm ever2.21
 
GEC+ 2016: Kyuhwang Yeon
GEC+ 2016: Kyuhwang YeonGEC+ 2016: Kyuhwang Yeon
GEC+ 2016: Kyuhwang Yeon
 
Expo presentation2
Expo presentation2Expo presentation2
Expo presentation2
 
SFF Fact Sheet
SFF Fact SheetSFF Fact Sheet
SFF Fact Sheet
 
Esi Talk Magazine
Esi Talk MagazineEsi Talk Magazine
Esi Talk Magazine
 
CFA_ETEEEM2014_Ameneh_Alaghband_Rad
CFA_ETEEEM2014_Ameneh_Alaghband_RadCFA_ETEEEM2014_Ameneh_Alaghband_Rad
CFA_ETEEEM2014_Ameneh_Alaghband_Rad
 
Presentation on Strategic Management
Presentation on Strategic ManagementPresentation on Strategic Management
Presentation on Strategic Management
 
Aviation India ICT Forum Agenda 25 sept 2013
Aviation India ICT Forum Agenda 25 sept 2013Aviation India ICT Forum Agenda 25 sept 2013
Aviation India ICT Forum Agenda 25 sept 2013
 
Becoming world class automotive supplier
Becoming world class automotive supplierBecoming world class automotive supplier
Becoming world class automotive supplier
 
A Platform for Auto & Component Plants to Learn About the Right Manufacturing...
A Platform for Auto & Component Plants to Learn About the Right Manufacturing...A Platform for Auto & Component Plants to Learn About the Right Manufacturing...
A Platform for Auto & Component Plants to Learn About the Right Manufacturing...
 
PROLIM sponsors "The Fifth IEOM 2015 Event" PROLIM
PROLIM sponsors "The Fifth IEOM 2015 Event" PROLIMPROLIM sponsors "The Fifth IEOM 2015 Event" PROLIM
PROLIM sponsors "The Fifth IEOM 2015 Event" PROLIM
 
Swot Analysis Of Indian Elevators And Escalator Market
Swot Analysis Of Indian  Elevators And Escalator Market Swot Analysis Of Indian  Elevators And Escalator Market
Swot Analysis Of Indian Elevators And Escalator Market
 
Business engineering graduates in the automotive industry
Business engineering graduates in the automotive industryBusiness engineering graduates in the automotive industry
Business engineering graduates in the automotive industry
 
Future of work from home by rajeev choudhary
Future of work from home by rajeev choudharyFuture of work from home by rajeev choudhary
Future of work from home by rajeev choudhary
 
LACE Project WP5 - Learning Analytics & Performance Support for Manufacturing...
LACE Project WP5 - Learning Analytics & Performance Support for Manufacturing...LACE Project WP5 - Learning Analytics & Performance Support for Manufacturing...
LACE Project WP5 - Learning Analytics & Performance Support for Manufacturing...
 
SFF Poster
SFF PosterSFF Poster
SFF Poster
 
Industry 5.0
Industry 5.0Industry 5.0
Industry 5.0
 
Corporate Finance - IIM Banglore (FC101x edx)
Corporate Finance - IIM Banglore (FC101x edx)Corporate Finance - IIM Banglore (FC101x edx)
Corporate Finance - IIM Banglore (FC101x edx)
 
India Awaits NPD Revolution
India Awaits NPD RevolutionIndia Awaits NPD Revolution
India Awaits NPD Revolution
 
Gujarat’s Automotive Revolution Triggers a Specialized Automotive Manufacturi...
Gujarat’s Automotive Revolution Triggers a Specialized Automotive Manufacturi...Gujarat’s Automotive Revolution Triggers a Specialized Automotive Manufacturi...
Gujarat’s Automotive Revolution Triggers a Specialized Automotive Manufacturi...
 

Destacado

Pragyan Youth Business Summit'16 Report
Pragyan Youth Business Summit'16 ReportPragyan Youth Business Summit'16 Report
Pragyan Youth Business Summit'16 Report
Sujith Selvaraj
 
2 звезды
2 звезды2 звезды
2 звезды
Tele2
 
SE Safe Motherhood Services
SE Safe Motherhood ServicesSE Safe Motherhood Services
SE Safe Motherhood Services
Anum Allahwala
 

Destacado (14)

THE NATURE TALKS
THE NATURE TALKSTHE NATURE TALKS
THE NATURE TALKS
 
淘宝主备数据库自动切换
淘宝主备数据库自动切换淘宝主备数据库自动切换
淘宝主备数据库自动切换
 
Lecture 6 assertiveness (1) 2
Lecture 6   assertiveness (1) 2Lecture 6   assertiveness (1) 2
Lecture 6 assertiveness (1) 2
 
เทอม 1 คาบ 12
เทอม 1 คาบ 12เทอม 1 คาบ 12
เทอม 1 คาบ 12
 
Pragyan Youth Business Summit'16 Report
Pragyan Youth Business Summit'16 ReportPragyan Youth Business Summit'16 Report
Pragyan Youth Business Summit'16 Report
 
TOWARDS A UNIFIED IN-PROCESS GEOMETRIC MODEL FOR MULTIPLE MACHINING AND Layer...
TOWARDS A UNIFIED IN-PROCESS GEOMETRIC MODEL FOR MULTIPLE MACHINING AND Layer...TOWARDS A UNIFIED IN-PROCESS GEOMETRIC MODEL FOR MULTIPLE MACHINING AND Layer...
TOWARDS A UNIFIED IN-PROCESS GEOMETRIC MODEL FOR MULTIPLE MACHINING AND Layer...
 
2 звезды
2 звезды2 звезды
2 звезды
 
Amanda LucianoCV
Amanda LucianoCVAmanda LucianoCV
Amanda LucianoCV
 
SE Safe Motherhood Services
SE Safe Motherhood ServicesSE Safe Motherhood Services
SE Safe Motherhood Services
 
Right Management : Une carrière réussie plutôt qu'un job pour la vie
Right Management : Une carrière réussie plutôt qu'un job pour la vieRight Management : Une carrière réussie plutôt qu'un job pour la vie
Right Management : Une carrière réussie plutôt qu'un job pour la vie
 
Os sacramentos da igreja - Aula 02
Os sacramentos da igreja - Aula 02Os sacramentos da igreja - Aula 02
Os sacramentos da igreja - Aula 02
 
ProZorro PRIMO forum in Kazakhstan
ProZorro PRIMO forum in KazakhstanProZorro PRIMO forum in Kazakhstan
ProZorro PRIMO forum in Kazakhstan
 
Os sacramentos da igreja - Aula 04
Os sacramentos da igreja - Aula 04Os sacramentos da igreja - Aula 04
Os sacramentos da igreja - Aula 04
 
Blue Ocean Strategy - 40 casos de Estrategia de Oceano Azul
Blue Ocean Strategy - 40 casos de Estrategia de Oceano AzulBlue Ocean Strategy - 40 casos de Estrategia de Oceano Azul
Blue Ocean Strategy - 40 casos de Estrategia de Oceano Azul
 

Similar a Eye on industry Precision Engineering : Poised for Growth with $5.6m Investment

Page 66-69_Event Report_TIMTOS
Page 66-69_Event Report_TIMTOSPage 66-69_Event Report_TIMTOS
Page 66-69_Event Report_TIMTOS
Megha Roy
 
9131-FITLeafletEmp-A5-final2-2
9131-FITLeafletEmp-A5-final2-29131-FITLeafletEmp-A5-final2-2
9131-FITLeafletEmp-A5-final2-2
Ronan Coy
 
Manufacturing-Backgrounder
Manufacturing-BackgrounderManufacturing-Backgrounder
Manufacturing-Backgrounder
Wes Frye
 
Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...
Capgemini
 
Smidec Presentation
Smidec PresentationSmidec Presentation
Smidec Presentation
FNian
 

Similar a Eye on industry Precision Engineering : Poised for Growth with $5.6m Investment (20)

Speech by the minister of mti mr lee yi shyan
Speech by the minister of mti mr lee yi shyanSpeech by the minister of mti mr lee yi shyan
Speech by the minister of mti mr lee yi shyan
 
Industry4wrd.pptx
Industry4wrd.pptxIndustry4wrd.pptx
Industry4wrd.pptx
 
Page 66-69_Event Report_TIMTOS
Page 66-69_Event Report_TIMTOSPage 66-69_Event Report_TIMTOS
Page 66-69_Event Report_TIMTOS
 
Thailand Investment Review, October 2019
Thailand Investment Review, October 2019Thailand Investment Review, October 2019
Thailand Investment Review, October 2019
 
9131-FITLeafletEmp-A5-final2-2
9131-FITLeafletEmp-A5-final2-29131-FITLeafletEmp-A5-final2-2
9131-FITLeafletEmp-A5-final2-2
 
RBSA Research Report- Singapore at the forefront of Digital Transformation
RBSA Research Report- Singapore at the forefront of Digital TransformationRBSA Research Report- Singapore at the forefront of Digital Transformation
RBSA Research Report- Singapore at the forefront of Digital Transformation
 
White paper-iop tech1
White paper-iop tech1White paper-iop tech1
White paper-iop tech1
 
Thailand Investment Review, June 2017
Thailand Investment Review, June 2017Thailand Investment Review, June 2017
Thailand Investment Review, June 2017
 
TCIOceania15 Advanced Manufacturing - Opportunities and Risks
TCIOceania15 Advanced Manufacturing - Opportunities and RisksTCIOceania15 Advanced Manufacturing - Opportunities and Risks
TCIOceania15 Advanced Manufacturing - Opportunities and Risks
 
The Ingenious Industry 4.0 Companies To Watch.pdf
The Ingenious Industry 4.0 Companies To Watch.pdfThe Ingenious Industry 4.0 Companies To Watch.pdf
The Ingenious Industry 4.0 Companies To Watch.pdf
 
Global Research: The Connected Industrial Workforce
Global Research: The Connected Industrial WorkforceGlobal Research: The Connected Industrial Workforce
Global Research: The Connected Industrial Workforce
 
Manufacturing-Backgrounder
Manufacturing-BackgrounderManufacturing-Backgrounder
Manufacturing-Backgrounder
 
METUTECH Official Presentation
METUTECH Official PresentationMETUTECH Official Presentation
METUTECH Official Presentation
 
Catalyzing Growth through Industry-Academia Collaboration
Catalyzing Growth through Industry-Academia CollaborationCatalyzing Growth through Industry-Academia Collaboration
Catalyzing Growth through Industry-Academia Collaboration
 
Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...
 
Singapore_Manufacturing_Industry.pdf
Singapore_Manufacturing_Industry.pdfSingapore_Manufacturing_Industry.pdf
Singapore_Manufacturing_Industry.pdf
 
KTN Digital and Creative Business Briefing August 2019
KTN Digital and Creative Business Briefing August 2019KTN Digital and Creative Business Briefing August 2019
KTN Digital and Creative Business Briefing August 2019
 
13.spime senselabs
13.spime senselabs13.spime senselabs
13.spime senselabs
 
15th SMEs Conference & 16th Infocomm Commerce Conference
15th SMEs Conference & 16th Infocomm Commerce Conference15th SMEs Conference & 16th Infocomm Commerce Conference
15th SMEs Conference & 16th Infocomm Commerce Conference
 
Smidec Presentation
Smidec PresentationSmidec Presentation
Smidec Presentation
 

Más de Liu PeiLing

Más de Liu PeiLing (20)

30 years of cax developments
30 years of cax developments30 years of cax developments
30 years of cax developments
 
5 axis 3 d hybrid manufacturing automation 五轴三维增减材复合制造自动化
5 axis 3 d hybrid manufacturing automation 五轴三维增减材复合制造自动化5 axis 3 d hybrid manufacturing automation 五轴三维增减材复合制造自动化
5 axis 3 d hybrid manufacturing automation 五轴三维增减材复合制造自动化
 
PartingAdviser introduction
PartingAdviser introductionPartingAdviser introduction
PartingAdviser introduction
 
Kojin mould case study
Kojin mould case studyKojin mould case study
Kojin mould case study
 
Comprehensive machining simulation beyond g code verification final
Comprehensive machining simulation   beyond g code verification finalComprehensive machining simulation   beyond g code verification final
Comprehensive machining simulation beyond g code verification final
 
LPLCAM poster
LPLCAM posterLPLCAM poster
LPLCAM poster
 
AN OBJECT REPRESENTATION METHOD
AN OBJECT REPRESENTATION METHODAN OBJECT REPRESENTATION METHOD
AN OBJECT REPRESENTATION METHOD
 
Pervasive Geometry Simulation
Pervasive Geometry SimulationPervasive Geometry Simulation
Pervasive Geometry Simulation
 
PROFITING FROM NC VERIFICATION
PROFITING FROM NC VERIFICATIONPROFITING FROM NC VERIFICATION
PROFITING FROM NC VERIFICATION
 
Unified Geometry Modelling for Pervasive Design and Fabrication
Unified Geometry Modelling for Pervasive Design and FabricationUnified Geometry Modelling for Pervasive Design and Fabrication
Unified Geometry Modelling for Pervasive Design and Fabrication
 
QuickSeeNC for X&P
QuickSeeNC for X&PQuickSeeNC for X&P
QuickSeeNC for X&P
 
Machining modelling simulation beyond nc verification
Machining modelling   simulation beyond nc verificationMachining modelling   simulation beyond nc verification
Machining modelling simulation beyond nc verification
 
Profiting from dynamic numerical control verification system
Profiting from dynamic numerical control verification systemProfiting from dynamic numerical control verification system
Profiting from dynamic numerical control verification system
 
Virtual machining chapter manufacturing technology handbook
Virtual machining chapter   manufacturing technology handbookVirtual machining chapter   manufacturing technology handbook
Virtual machining chapter manufacturing technology handbook
 
A virtual cnc training system
A virtual cnc training systemA virtual cnc training system
A virtual cnc training system
 
Towards smart and sustainable machining
Towards smart and sustainable machiningTowards smart and sustainable machining
Towards smart and sustainable machining
 
Enhance VR with in process model for advance personalized learning of cnc pro...
Enhance VR with in process model for advance personalized learning of cnc pro...Enhance VR with in process model for advance personalized learning of cnc pro...
Enhance VR with in process model for advance personalized learning of cnc pro...
 
Quick NC simulation & verification for high speed machining
Quick NC simulation & verification for high speed machiningQuick NC simulation & verification for high speed machining
Quick NC simulation & verification for high speed machining
 
Profiting with competitive sustainable machining technology
Profiting with competitive sustainable machining technologyProfiting with competitive sustainable machining technology
Profiting with competitive sustainable machining technology
 
Manufacturing Process Simulation Based Geometrical Design for Complicated Parts
Manufacturing Process Simulation Based Geometrical Design for Complicated PartsManufacturing Process Simulation Based Geometrical Design for Complicated Parts
Manufacturing Process Simulation Based Geometrical Design for Complicated Parts
 

Último

Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar ≼🔝 Delhi door step de...
Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar  ≼🔝 Delhi door step de...Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar  ≼🔝 Delhi door step de...
Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar ≼🔝 Delhi door step de...
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Christo Ananth
 
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort ServiceCall Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
result management system report for college project
result management system report for college projectresult management system report for college project
result management system report for college project
Tonystark477637
 

Último (20)

The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
The Most Attractive Pune Call Girls Budhwar Peth 8250192130 Will You Miss Thi...
 
Vivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design SpainVivazz, Mieres Social Housing Design Spain
Vivazz, Mieres Social Housing Design Spain
 
Unit 1 - Soil Classification and Compaction.pdf
Unit 1 - Soil Classification and Compaction.pdfUnit 1 - Soil Classification and Compaction.pdf
Unit 1 - Soil Classification and Compaction.pdf
 
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptxBSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
BSides Seattle 2024 - Stopping Ethan Hunt From Taking Your Data.pptx
 
Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01Double rodded leveling 1 pdf activity 01
Double rodded leveling 1 pdf activity 01
 
Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar ≼🔝 Delhi door step de...
Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar  ≼🔝 Delhi door step de...Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar  ≼🔝 Delhi door step de...
Call Now ≽ 9953056974 ≼🔝 Call Girls In New Ashok Nagar ≼🔝 Delhi door step de...
 
Generative AI or GenAI technology based PPT
Generative AI or GenAI technology based PPTGenerative AI or GenAI technology based PPT
Generative AI or GenAI technology based PPT
 
CCS335 _ Neural Networks and Deep Learning Laboratory_Lab Complete Record
CCS335 _ Neural Networks and Deep Learning Laboratory_Lab Complete RecordCCS335 _ Neural Networks and Deep Learning Laboratory_Lab Complete Record
CCS335 _ Neural Networks and Deep Learning Laboratory_Lab Complete Record
 
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
Call for Papers - African Journal of Biological Sciences, E-ISSN: 2663-2187, ...
 
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort ServiceCall Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
Call Girls in Ramesh Nagar Delhi 💯 Call Us 🔝9953056974 🔝 Escort Service
 
University management System project report..pdf
University management System project report..pdfUniversity management System project report..pdf
University management System project report..pdf
 
Intze Overhead Water Tank Design by Working Stress - IS Method.pdf
Intze Overhead Water Tank  Design by Working Stress - IS Method.pdfIntze Overhead Water Tank  Design by Working Stress - IS Method.pdf
Intze Overhead Water Tank Design by Working Stress - IS Method.pdf
 
result management system report for college project
result management system report for college projectresult management system report for college project
result management system report for college project
 
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Koregaon Park  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Koregaon Park 6297143586 Call Hot Ind...
 
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICSUNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
UNIT-IFLUID PROPERTIES & FLOW CHARACTERISTICS
 
Water Industry Process Automation & Control Monthly - April 2024
Water Industry Process Automation & Control Monthly - April 2024Water Industry Process Automation & Control Monthly - April 2024
Water Industry Process Automation & Control Monthly - April 2024
 
KubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghlyKubeKraft presentation @CloudNativeHooghly
KubeKraft presentation @CloudNativeHooghly
 
Thermal Engineering -unit - III & IV.ppt
Thermal Engineering -unit - III & IV.pptThermal Engineering -unit - III & IV.ppt
Thermal Engineering -unit - III & IV.ppt
 
NFPA 5000 2024 standard .
NFPA 5000 2024 standard                                  .NFPA 5000 2024 standard                                  .
NFPA 5000 2024 standard .
 
Call Girls Pimpri Chinchwad Call Me 7737669865 Budget Friendly No Advance Boo...
Call Girls Pimpri Chinchwad Call Me 7737669865 Budget Friendly No Advance Boo...Call Girls Pimpri Chinchwad Call Me 7737669865 Budget Friendly No Advance Boo...
Call Girls Pimpri Chinchwad Call Me 7737669865 Budget Friendly No Advance Boo...
 

Eye on industry Precision Engineering : Poised for Growth with $5.6m Investment

  • 1. Signup eAlerts Eye on Industry Precision Engineering : Poised for Growth with $5.6m Investment Singapore's precision engineering industry is poised for higher growth and increased revenues, thanks to the $5.6 million investment pumped in by the Singapore Precision Engineering and Tooling Association, with support under LEAD. by Joanne Tan
  • 2. The fridge in your home may be a foreign brand but the compressor inside could be made in Singapore. Small as we are, Singapore produces 10% of the world's household refrigerator compressors. We are also home to no less than10 major semiconductor and industrial equipment manufacturers. The PE industry is made up of manufacturers of precision components and machinery, as well as providers of related manufacturing services. It is a key supporting pillar to a wide range of industry sectors such as electronics, aerospace and medical technology. In 2005, the PE industry generated an output of $20 billion and contributed to 12% of manufacturing value add. It is also one of the largest contributors of manufacturing employment, accounting for one out of every four jobs in the sector. The industry is expected to generate an output of $28 billion and double its value added to $10 billion by 2018. Engineering Growth in PE The Singapore Precision Engineering and Tooling Association (SPETA) is implementing their industry plan to enhance the competitiveness of the PE industry. When completed, these projects will bring about more than $450 million in revenue, some 2,000 new jobs and an increase in value added of $150 million for the industry over the next three years. This was announced at SPETA's annual general meeting held on 7 February 2007 where the association showcased some projects in the plan. Joining the local PE companies at the event, Minister of State for Trade and Industry, Mr Lee Yi Shyan, commended SPETA for their commitment in taking the lead to grow the industry. He urged PE companies to tap on the programme to "differentiate themselves by providing products and services which cannot be easily copied or matched, seek new growth markets, enhance their technical capabilities to move up the value chain, and attract and retain talents and upgrade the skills of their workers." SPETA leads SPETA Chairman Dr Felix Ong said, "We are very happy that our industry plan and efforts have the support of SPRING and IE Singapore. Our PE industry will be poised to meet the new global challenges ahead through the development of new markets and businesses, and upgrading of our capabilities." World's First Virtual CNC Training Simulator One critical area is to tackle the training of computer numeric control (CNC) machinists, which traditionally requires one machine for one machinist, resulting in heavy capital investment. SPETA, together with SIMTech, developed a simulator for training CNC machinists which significantly reduce the training hours spent on the actual machine and machine resources required. As a result, the number of students trained is also doubled. The simulator software is the exact replica of an actual CNC machine that allows students to try out different milling situations safely and more efficiently. CNC Milling Machine CNC Training Simulator
  • 3. This is the world's first simulator that uses a three-dimensional precise unified geometrical model. It allows students to simulate the milling process and save the "machined" model for other downstream machining process. The virtual CNC simulator also allows for different situations to be tested during training, which would be costly, if done on the actual machine. The Institute of Technical Education (ITE) is in discussion with SPETA to integrate this simulator into its curriculum. Tapping on the Automotive Industry Riding on the growth of the automotive industry, SPETA is helping PE companies to tap the new opportunities in the sector. This industry has grown significantly from $480 million in 2003 to $640 million in 2005. PE companies can also participate in SPETA-facilitated collaboration between local and foreign PE companies to help build capabilities in design and production. SPETA's efforts complement AUTO IGNITE, a multi-agency effort aimed at encouraging Singapore enterprises to move up the value chain by supplying automotive sub-systems and modules. SPETA is one of 13 industry associations that have received support under the LEAD programme. Launched in May 2005, LEAD is a joint initiative by SPRING Singapore and IE Singapore to enhance industry and enterprise competitiveness through partnership with industry associations to improve key capabilities of local enterprises in their sectors. SPRING Deputy Chief Executive, Mr Png Cheong Boon, underlined SPRING's commitment to support SPETA in developing the precision engineering industry. "Our local PE enterprises will benefit by participating in SPETA's industry-wide programmes. They should leverage on these programmes to upgrade their capabilities and tap on new business opportunities." He added, "We urge more industry associations to come forward and join us in this private sector-led initiative to take their industries to higher growth." ET Four key areas under SPETA's LEAD proposal: • Market and business development through business missions and networking seminars to help create new market and business opportunities between local and foreign PE companies • Capabilities development by: - Training executives and managers in the management of PE companies and tool rooms - Developing new specialist training courses and joint industry projects or consortiums - Setting up of a Virtual CNC Training Laboratory to train CNC machinists and a tooling design advisory and consultancy service - Organising management or technical seminars to introduce the latest management and technological trends • Technology development by implementing a: - Platform for collaborative engineering to enhance competitiveness amongst tool rooms in different locations and tool room management system to enhance the management of tooling facilities • Growth market development (automotive parts industry) through: - strategic alliances between our local PE companies and foreign companies - training courses and capability development projects to develop our local automotive capabilities in the design and production of automotive modules