SBF-JTC partnership to help firms adopt smart solutions

Home Business SBF-JTC partnership to help firms adopt smart solutions

More manufacturers can get help in their efforts to transform themselves to adopt Industry 4.0 solutions, with a partnership inked between the Singapore Business Federation (SBF) and JTC Corporation yesterday, as part of the Industrial Transformation Asia-Pacific event.

"This new collaboration will allow JTC and SBF's combined network of companies to more easily access relevant Industry 4.0 resources across JTC and SBF's networks and platforms," said Trade and Industry Minister Chan Chun Sing at the signing.

"Together with partners, they will also conduct joint engagement sessions for companies, and work closely to share their experience and further strengthen the various initiatives."

Industry 4.0 is about using automation and smart solutions to improve processes in manufacturing.

Mr Chan said that by combining forces, SBF and JTC can connect participating companies to a larger pool of technology partners for solution matching, helping companies develop the know-how to implement and scale Industry 4.0 solutions.

The initiative will also give companies access to relevant resources, including curated workshops, capability-building initiatives tailored to companies' digital readiness, and link-ups to a larger pool of tech partners such as Siemens, Bosch Rexroth, Konica Minolta and the Singapore Precision Engineering and Technology Association.

More than 300 companies are expected to be supported under this initiative and undergo Industry 4.0 transformation in the next two years.

Industry partners like trade associations are critical in supporting manufacturers in transformation efforts, said Mr Chan.

He cited the example of how JTC recommended manufacturer Seng Hua Hng Foodstuff, popularly known for its Camel Nuts products, to participate in an SBF programme.

This helped the company to put in place a digital performance engine to enable real-time data collection and monitoring of its automated production line.

"For our manufacturing sector to remain globally competitive and continue creating quality jobs, businesses must be able to integrate these technologies into their innovation and production processes," Mr Chan said.

"Those that have been able to do so can have greater visibility and control over their operations, allowing them to respond more nimbly to any changes."

He noted that with more than 14,000 industrial tenants, JTC can effectively promote transformation to many companies.

More than 1,000 businesses in JTC's estates have been engaged through various industry outreach initiatives, with about 200 companies embarking on their Industry 4.0 journey.

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