Bangkok--11 Mar--Hill & Knowlton Thailand
Rolls-Royce, the global power systems company, today announced that it is moving the global headquarters for its Marine business to Singapore from London. The move recognises the increasing importance to Rolls-Royce of Asia-Pacific markets, where a significant proportion of global commercial shipping activity takes places. It also underscores the significance of Singapore as a hub for the Group’s regional operations.
Rolls-Royce has been active in Singapore’s marine industry for more than 30 years. The company also plays a major part in Singapore's aerospace industry, accounting for over 15 per cent of the country's aerospace output. The Group selected Singapore for its well developed infrastructure, human capital, central location within Asia and the fact that it is already home to a number of other Rolls-Royce operations.
John Paterson, President Marine, who is relocating to Singapore, said: “Rolls-Royce is a global business and while Europe remains a significant market for Marine, headquartering our business in Singapore further enhances our global position and will facilitate the development of growing markets in Asia. Working closely with key customers and suppliers in the region we will capitalise on Singapore’s central position and maritime expertise as we continue to develop our business.”
Lim Siong Guan, Chairman, Singapore Economic Development Board, said: “We are delighted that Rolls-Royce has decided to locate the global headquarters for its Marine business in Singapore. It is a very welcome addition to Singapore's growing presence as a home for world-class companies to manage and drive their global businesses. This significant decision underlines our long-term partnership with Rolls-Royce, Singapore's position as a hub for the marine industry and our focus on high value-added manufacturing.”
In 2008 Rolls-Royce established a global head office for its Marine services operation in Singapore and today’s move builds on that progress. The new Marine headquarters will have global responsibility for business development, marketing and corporate services.
For further information, please contact
Tawn Chatchavalvong or Saransri Prawatpattanakul
Hill & Knowlton Thailand
Tel: + 66 (0)2 627 3501 ext. 118 or 208
Email:[email protected], [email protected]