German firm breaks ground for new hub in Changi Business Park
by Cheryl Tay German electronics firm Rohde & Schwarz has broken ground for the construction of a S$58 million global hub (pictured) at Changi Business Park, its first headquarters outside Germany.The move is part of the company's plan to invest S$85 million into Singapore over the next three years. The facility, which will be Green Mark Platinum, is designed by local architect Forum and is expected to be completed in Q4 2013.Rohde & Schwarz first ventured into Singapore in 1997 and since then, the company has increased its workforce from six to 350. Hence, Gerhard Geier, President and COO of Rohde & Schwarz, considers Singapore as its "new home away from home."Last year, the firm decided to establish Singapore as its first global hub outside Germany by relocating the management and controlling functions of its sales subsidiaries in the Asia Pacific, Africa and Middle East. The event was officiated by Manohar Khiatani, Chief Executive Officer of JTC Corporation."Rohde & Schwarz's strong expertise in areas such as test and measurement equipment for the electronics and broadcasting industries will contribute to the development and growth of these sectors in Singapore," he said.Yeoh Keat Chuan, Assistant Managing Director at the Economic Development Board, commented, "Singapore's pool of highly skilled manpower, strong manufacturing base and R&D capabilities offer Rohde & Schwarz an ideal location to strengthen its business footprint in Asia."Following the building of a new facility, Rohde & Schwarz will hire 100 to 150 workers for high-value engineering and R&D posts. Related Stories:MIT concludes financial year with robust resultsStrong Singapore dollar to boost S-REITSSingapore-Vietnam JV to develop fifth industrial park
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