Guest-of-Honour Speech - Singapore Institute of Manufacturing ...

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8. It is especially noteworthy, that SIMTech has proactively taken on the mission and challenge of helping our SMEs move up the value chain. To reach out to more local manufacturing companies, SIMTech broadened its R&D partnership with industry to industry-wide consortia to build advanced manufacturing capabilities that are relevant for different industry sectors. For example, SIMTech initiated the Gun Drilling Consortium which created high-value business opportunities in oilfield equipment products, tools and components for local companies. I understand that many of the industry partners here tonight have benefited from this Consortium. 8
9. Beyond this consortium approach, SIMTech has continued to engage SMEs on customised one-to-one projects. For example, Kim Hiap Lee, a subsidiary of LHT Holdings, overcame the bottlenecks and problems associated with the manual tracking of leased pallets through SIMTech’s Radio Frequency Identification (RFID) Pallet Leasing and Tracking System. With the adoption of this RFID tracking system, Kim Hiap Lee was able to manage the movements of its leased pallets more efficiently, serve more customers, and achieve productivity gains and annual savings of S$50,000 for the company, and S$375,000 for its clients. The project also spawned a new business segment for Kim Hiap Lee in RFID tracking and tracing systems, and the supply of RFID tags. 9
Page 1 and 2: Speech by Mr S Iswaran, Minister, P
Page 3 and 4: 2. Competition, regional and global
Page 5 and 6: 5. Just this May, I was at the 10 t
Page 7: SIMTech Provides Advanced Manufactu
Page 11 and 12: 11. To complement these productivit
Page 13 and 14: a. The first project on Advanced Pr
Page 15 and 16: Conclusion 14. With a strong and de

Guest-of-Honour Speech - Singapore Institute of Manufacturing ...

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