Applied Materials has broken ground for the construction of a new Singapore operations facility that will serve as a hub for Applied's business activities throughout Asia. The 32,000 square-meter facility in the Changi North Industrial Park is expected to be completed in late 2009.
‘Sitting at a virtual crossroads between India and China, Singapore has proven to be a friendly and great place to do business, with its strong transportation and logistics network, extensive supplier base and talented workforce,’ says Mike Splinter, president and CEO of Applied Materials.
The operations center will be a base for global purchasing, sales, manufacturing, engineering and financial groups to support the Asia-region chip industry and solar markets. New operations will help achieve reductions in material cost and cycle time while expanding Applied's merge-in-transit and global supply chain capabilities, the company adds.
SOURCE: Applied Materials
