SINGAPORE - Two firms received the distinguished partner in progress award by the Singapore government on Monday in recognition of teir contributions to the country's economic growth.
Emerson Electric Co and Infineon Technologies AG were given the award by Deputy Prime Minister Tharman Shanmugaratnam during a ceremony here.
Mr Shanmugaratnam, who is also the Finance Minister, thanked the companies for being key players in Singapore's transition to high-skill, high-value industry, and creating quality jobs for Singaporeans.
Emerson, a company that provides a wide range of infrastructure and industrial engineering solutions, started its operations in Singapore in 1965 and has since grown to over 2,000 employees. It made some of its first and largest investments in Singapore.
Last year, Emerson opened its Singapore analytical manufacturing and integration centre that will make analytical and combustion sensors, and also engineer and design analytics-based solutions.
German semiconductor giant Infineon began operations in Singapore with 50 employees in 1970. It has invested more than S$600 million in Singapore to date and now employs around 2,200 people.
The firm has its Asia Pacific Regional Headquarters in Singapore, from which it undertakes solution development, product road-mapping and project management for the Asia-Pacific region.