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JTC Corporation on Friday (31 October) broke ground for Singapore’s first multi-user and high-rise specialised chemicals hub in Tuas. The complex has an estimated cost of S$67 million.
Dubbed JTC Chemicals Hub @ Tuas View, the complex is designed to house chemical companies involved in the manufacturing, blending and distribution of chemicals, including chemicals classified as dangerous goods. It will cater primarily to small and medium enterprises (SMEs) in the chemical sector which, according to JTC, is a key pillar of city-state’s manufacturing sector.
Speaking at the ground-breaking ceremony, Senior Minister of State for Trade and Industry and National Development, Lee Yi Shyan, said: “By clustering chemical companies, large and small, in one location with shared common facilities such as fire-fighting systems, companies can enjoy economies of scale, save on capital costs, and achieve land savings of up to 50 percent.”
Mr Lee added that JTC has also incorporated space for R&D activities in the JTC Chemicals Hub where companies can use the allocated space to pursue R&D activities including formulating and testing new compounds to meet the changing needs of their customers.
According to JTC, the hub is part of its multi-faceted approach in creating and enhancing specialised infrastructure solutions for both MNCs and SMEs in the chemicals industry. The JTC Chemicals Hub is expected to be completed in Q2 2016.
Image: Artist’s impression of JTC Chemicals Hub @ Tuas View (Source: JTC Corporation)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
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