Continental has inaugurated an extension building to its research and development centre in Singapore.
With a total capital investment of S$29.7 million (EUR 18.3 million), the extension aims to meet the demand of growing engineering requirements in view of Continental’s worldwide business expansion and the growth of the automobile industry in Asia.
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“We want to grow stronger in Asia and have increased our sales in Asia to approximately €6.4 billion in 2013. The Interior division is constantly striving to increase sales in Asia. The opening of our new, large-scale development site in Singapore is a clear sign of our commitment to local development and production in Asia. The extension of our R&D center in Singapore strongly supports Continental’s growth strategy in Asia,” highlighted Eelco Spoelder, Head of Business Unit Instrumentation & Driver HMI and Chairman of the Board of Continental Automotive Singapore Pte Ltd.
“Continental’s expansion is testament to Singapore’s talented engineering workforce and conducive business environment. We are pleased that Singapore continues to be an ideal location for Continental to develop new products and systems for Asia and beyond. ” said Mr. Lim Kok Kiang, Assistant Managing Director of the Singapore Economic Development Board.
The new extension building accommodates around 450 employees and provides a total floor space of 5,000 square meters.
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