Singapore small and medium-sized enterprises (SMEs) are expanding in the north-eastern Chinese province of Liaoning, taking on 16 projects across high-tech manufacturing and services.
The deals were announced yesterday at the 9th Singapore-Liaoning Economic and Trade Council meeting held at the Orchard Hotel in Singapore. The event was organised by trade agency IE Singapore and co-chaired by Minister for Social and Family Development Tan Chuan-Jin and Liaoning Governor Chen Qiufa.
Fujicon Engineering signed a partnership with Siasun Robot and Automation from the provincial capital Shenyang to develop automated storage and retrievable solutions for food businesses in the region.
Armstrong Industrial Corp signed an agreement with Shenyang Sujiatun District Xuesong Economic Development Zone Administrative Committee to set up its seventh factory for automotive parts, to support original equipment manufacturers such as BMW Shenyang.
In the education sector, Etonhouse Group and Singapore Character Montessori signed MOUs with their Chinese counterparts to jointly set up international schools.
Q&M Dental Holdings (China) signed an MOU, under their Aoxin Q&M joint venture, with the administrative committee of Panjin High-Tech Industrial Development Zone to build an international dental hospital in Xinglongtai district. They also partnered Shenyang Maotai Medical Equipment Co for the distribution of dental equipment and material supplies.
Other Singapore firms such as The Ascott - Citadines, Fraser Suites, Global Logistic Properties and Mapletree Logistics have also collaborated with their Liaoning partners.
The Liaoning region is seen as an important hub for North-east Asian cooperation, given its strategic geographical location in the Sino-Mongolia-Russia Economic Corridor.
Mr Tan affirmed the increased economic cooperation. "The less competitive environment in Liaoning makes it an ideal location for SMEs to build their presence... (in) the education, healthcare and lifestyle-related sectors," he said.
Singapore is currently the fifth largest investor and trading partner of Liaoning province.