The global medical devices industry is experiencing a rapid growth. With the advancement in heathcare technology, companies compete to develop products that are further aligned with the future of health care. Singapore is home to more than 30 medical technological companies who has set up commercial-scale plants to product medical devices for the regional and global markets.
The global automotive industry is a major contributor to any countries’ GDP. In the US alone in 2010, the automotive industry contributes a huge 4% of the country’s GDP. The automotive industry can be categorized into Automotive OEMs, Tier 1 suppliers and Tier 2 suppliers. Automotive OEMs include companies like Ford, GM, Chrysler, Volkswagen whereas Tier 1 suppliers are direct suppliers to OEMs like Continental Automotive, Delphi, Visteon, Valeo etc. Almost all of the major OEMs and Tier 1 suppliers use Singapore to oversee their regional operations.
Electronics is the backbone of Singapore’s manufacturing output. In 2012, electronics contributed more than 5% to Singapore’s GDP, offering employment to more than 80,000 employees in Singapore. 40% of the world’s hard disk drives are manufactured in Singapore.
The oil industry has been an integral part of Singapore’s economy, ever since oil trading activities started in 1891. Over the years, oil has been the catalyst for which the refineries provide advantaged feedstock, therefore maintaining the competitiveness of the chemical industry. Today, Singapore is the undisputed oil hub in Asia and is one of the world’s top three export refining centres.
Process Automation is the use of machines, control systems and information technologies to optimize productivity in the production of goods and delivery of services. The correct incentive for applying automation is to increase productivity, and/or quality beyond that possible with current human labor levels so as to realize economies of scale, and/or realize predictable quality levels. Process automation greatly decreases the need for human sensory and mental requirements while increasing load capacity, speed, and repeatability. A number of major players in the process automation industry makes Singapore their headquarters, providing a lot of exciting opportunities.
To meet future demand for energy, offshore deepwater along with unconventional oil & gas exploration and production activities will increase, to address the shortfall in conventional onshore oil & gas resources worldwide. More sophisticated products and technologies will be required to enable this new play in oil & gas exploration. For example, drilling rigs operating in the North Sea need to be designed for harsh environment and need to meet stringent specifications. These trends present exciting opportunities for Singapore’s marine & offshore sector.
EPC stands for Engineering, Procurement, Construction and is a prominent form of contracting agreement in the construction industry. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients. Companies that deliver EPC Projects are commonly referred to as EPC Contractors. Currently, there are a number of projects on-going in Jurong island that provides opportunities for hiring.
Geographically, Singapore is in a centralised position, easily accessible to all part of the world. As such, a lot of big Multinationals based their headquarters in Singapore. With this, many more companies are increasingly having a bigger corporate presence in Singapore. These operations include; Legal Counsel, Human Resources, Finance, Tax & Treasury, Supply Chain Management, Planning & Purchasing.