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SIA Engineering to invest up to S$50m in innovation, technology adoption projects
SIA Engineering Company Limited (SIAEC) said it will invest up to S$50 million over the next few years on innovation initiatives and technology adoption projects in aerospace maintenance, repair and overhaul (MRO), with the support of the Singapore Economic Development Board (EDB).
SIAEC will collaborate with airlines, research institutions and technology partners to develop new innovations and solutions to serve the future MRO needs of airline customers. Key areas of technologies to be explored include additive manufacturing, robotics and data analytics.
"We are investing for the future by identifying and gaining competencies in emerging technologies that will be an integral part of the MRO industry in the next 10 years," said Png Kim Chiang, chief executive officer of SIAEC.
"These investments are aimed at developing innovative solutions to enhance airline customers' fleet operating efficiencies and reliability, whilst creating higher levels of productivity and process improvements in our business."