Finland-based Cargotec is to establish a global competence centre for container terminals development in Singapore.
"Customer perspective is at the core of Cargotec's strategy. In order to better understand customer needs, Cargotec needs an extensive geographic presence and tight collaboration with local customers, partners and other stakeholders," said Mikael Mäkinen, president and CEO at Cargotec.
"Singapore is one of the world's largest ports and it offers a unique view to customer trends, requirements and future needs for research, development and engineering purposes. Our strong presence in Singapore will further enhance our possibilities to develop more customer-driven solutions for future needs," Mäkinen
Cargotec has been present in Singapore for more than 30 years. Presently, the company employs about 450 people in Singapore representing its Hiab, Kalmar, MacGregor and Bromma brands.
The Asia-Pacific region has been identified as one of the company's growth areas accounting for 40% of total sales in 2010. Cargotec's Asian production units are located in China, India, Korea, Malaysia and Singapore.