Croda International celebrated the grand opening of the expansion of alkoxylation facilities on Jurong Island, Singapore as part of its global strategy to provide innovative solutions closer to customers in the fast growing markets of Asia Pacific.
The nearly £18 million capital investment will more than double the capacity at the site and provide additional flexibility to manufacture new chemistries.
The inauguration ceremony was officiated by Dr Nick Challoner, president of Croda Asia Pacific and the guest-of-honour, Ms Cindy Koh, Director of the Energy & Chemicals Group of the Singapore Economic Development Board (EDB). The event was attended by participants from
various stakeholders including Croda’s customers, the scientific & academic community, suppliers and other key business partners. “This latest expansion is another step in the execution of Croda’s strategy to develop and supply innovative solutions in Asia for our customers,” said Dr Challoner.
The Singapore expansion has positively impacted on the local economy with the design and construction spanning the last two years and the employment of new skilled jobs at the Jurong Island site to run this new facility.
“Manufacturing remains an important economic driver for Singapore, and we are delighted that companies like Croda have identified Singapore as an important manufacturing base and continue to invest and expand here,” said Ms Koh. “By anchoring its manufacturing, R&D and HQ functions
here, Croda can leverage Singapore’s position as a strategic node in connecting with key customers in the region to deliver innovative and customised solutions. In turn, Singaporeans can benefit from the diverse and exciting job opportunities that are created.”
