Singapore chemical outlays poised to double

11/29/1999
Investments in Singapore's Jurong Island burgeoning chemicals industry are expected to double to $23.52 billion from the current level of commitments of $12.35 billion over the next 10 years. About 50 companies are producing $6.47 billion/year worth of petrochemicals on the island already, according to Minister for Trade and Industry Lim Swee Say. The chemicals cluster-which includes petrochemicals, pharmaceuticals, and other specialty chemicals-accounts for 21.5% of the value of Singapore's manufacturing sector last year. The sector is being built up as a second leg of manufacturing to reduce Singapore's dependence on electronics. Both Singapore's Economic Development Board a...
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