Currently, Industrial Park in Singapore is the hot spot for maintenance, repair, and overhaul (MRO) for the aerospace industry and can boast 25% of the Asian MRO marketplace. More than 100 aerospace companies have opened up their offices in Singapore. Singapore’s Changi Airport is currently ranked among the best airports in the world. Singaporean companies which include Singapore Technologies Aerospace, Messier, Air-motive and Goodrich Aerostructures have all combined to make Singapore the most desired destination for all-inclusive, wide-ranging, consistent and dependable MRO work for its customers. To earn the best grades in your Project Report-Research Papers you should choose an academic writing service that will meet your best writing needs.
Singapore’s Seletar Park is very famous for its excellent and outstanding transportation and road and rail network and other facilities needed for sophisticated business ventures. Because of these outstanding features, the Biennial Singapore Airshow is now one of the three international aviation shows in the world. Rolls-Royce was chosen as a location for the manufacture of sophisticated engines and parts because it has many business advantages.
For starters, the country has a very low corporate tax rate of 17 percent as compared to developed countries. It has a very developed infrastructure, complete political stability, and an educated workforce, and its regulations are crystal clear and very predictable because it has no hidden clauses or regulations that might have adverse effects on corporate business.
Industrial Park in Singapore
The intent was accelerated in 2006 when work commenced for the conversion of Seletar Airport which is located on the island’s eastern edge and was previously a Royal Air Force base into what is now the 320-hectare Seletar Aerospace Park.
The first company to establish its presence in Seletar Park was Rolls Royce which opened a campus in 2012 to assemble its Trent series of engines for the first time in its history outside Britain. Rolls-Royce is also manufacturing titanium fan blades which are one-third lighter and much stronger than the standard fan blades previously used. The blades need to be very strong to propel a ton of air per second through the engine.
The company’s US competitor Pratt & Whitney started its manufacturing plant one year later at Seletar and it will start the production of fan blades in 2015, in its next progression stage from 2016 will produce high-pressure turbine discs.
Another crucial factor for choosing Singapore is the availability of qualified workers. Around 90 percent of the people employed by the company are locals. Most technicians and assembly workers are hired directly by the government-sponsored Institute of Technical Education which provides vocational training for 25,000 students at any given time. This facility will go a long way for Rolls-Royce for producing 250 Trent engines over the next five to seven years.