Blaser Swisslube Productivity Trophy Award Ceremony 2022 – South East Asia

Simon Lim, the Executive Director of SPETA spoke at the Blaser Swisslube event honouring the winners of the Blaser Productivity Trophy winners from SE Asia. This event was held on 4 November 2022.

Simon spoke on the importance of Manufacturing to Singapore’s economy, and how Government intends for it  to continue its contribution of at least 20% to the economy from now to 2030 under the Singapore Manufacturing 2030 plan. Singapore’s Precision Engineering industry is a key contributor, which had tripled in size to some $48 billion over the last 20 years, while keeping a near-constant headcount at some 90,000 personnel over this time. This is a noteworthy achievement by the industry and its companies.

Simon spoke on the need for enterprises to address the areas of Innovation, Manpower, Sustainability and Internationalisation to ensure the bright future for Singapore Precision Engineering. SPETA will continue to support members in their efforts in these areas.

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