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80th Anniversary Commemorative Book - Singapore Manufacturing ...

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<strong>Singapore</strong>’s precision engineering industry has grown from being made upof simple contract manufacturers to solutions providers with strong design,prototyping, production and supply chain management capabilities.Current statusThe focus is on developing a talent pool. In October 2007, a S$76 millionprecision engineering manpower initiative was launched to attract a newgeneration of talent to join the industry, and to upgrade and deepen thecapabilities of <strong>Singapore</strong>’s precision engineering manpower base.As in times past, the Industry Group organises training programmes andfactory visits for its members.FutureIn 2009, <strong>Singapore</strong>’s precision engineering industry contributed aboutS$18.3 billion in manufacturing output and S$5.6 billion in value-add. Bothtrends are projected to increase, to S$28 billion and S$10 billion, respectively,by 2018.The SMF Family 123

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