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JTC signs MOU with 3 aerospace companies
THREE aerospace companies, Hawker Pacific, GE Aviation and PPG, signed a series of memorandum of understanding with national industrial-estate developer JTC at the Singapore Airshow on Tuesday.
GE Aviation and PPG are moving into Seletar Aerospace Park, a JTC industrial park, while Hawker Pacific is expanding its facilities there. Together, they will be part of JTC's vision of a diverse aerospace hub that will consist of original equipment manufacturers, aerospace maintenance, repair and overhaul companies, general aviation and training companies.
Hawker Pacific will make an approximately S$20 million investment in the aerospace park with a new 100,000 sq ft facility. This will complement its existing facility of the same size at Seletar, essentially doubling its presence.
GE Aviation has confirmed that it will expand its operations in Singapore and build a new S$42 million aircraft engine component facility. The facility will be 50,000 sq ft in size, with an initial workforce of 20 employees. The company will join the two other top global engine manufacturers - Rolls Royce and Pratt & Whitney - at Seletar.
PPG declined to disclose the value of its investment, but revealed that it's also relocating to Seletar Aerospace Park from Tuas, with a new 4,000 sq m facility. This is double the size of its existing facility in Tuas.
Amendment note: An earlier version of this story incorrectly said that Hawker Pacific’s investment was US$50 million. Hawker Pacific has since corrected its investment figures and said that the investment in Seletar Aerospace Park is in fact S$20 million. The article above has been revised to reflect this.