Sealed Air aims to beef up R&D efforts in Singapore

Singapore

PACKAGING company Sealed Air Corporation plans to scale up its research & development (R&D) efforts in Singapore in the next two years as it seeks to expand in Asia.

Sealed Air, which is known for inventing bubble wrap, acquired polyethylene (PE) foam maker Fagerdala Singapore in October this year for around US$100 million and with it, a small R&D centre.

"We are planning to grow the R&D capabilities in Singapore significantly in the near future because of this acquisition," said Pasi Pesonen, vice-president (product care) for Asia-Pacific. Previously, the group's R&D was mainly carried out in other regions such as the United States.

While he declined to share figures, Mr Pesonen said that the focus for R&D would be on boosting headcount and capabilities as it seeks to be…