Vertically Integrated for Success
The success of Jurong Island is anchored in a web of mutually beneficial partnerships connecting the companies on the island. Typically, the output of one plant becomes the input of another, making Jurong Island, the first chemical hub to integrate its products and services on such a large scale across companies. Vertical integration does not just create business synergies, it saves companies 25 to 30 per cent in capital outlay and 10 to 15 per cent in logistics cost.
Jurong Island showcases Singapore’s push to remain globally competitive by offering investors value through business synergies, economies of scale and strong supporting infrastructure and manpower.
Spearheaded by the success Jurong Island, Singapore is fast gaining stature in the global chemicals arena. The Republic is recognised for being:
- One of the top oil refining centres in the world
- One of the top three oil trading and price discovery centres in the world
- Among the top 10 petrochemical hubs in the world
- Among the top 3 bulk liquid ports in the world
- Home to eight of the world’s top ten flavours and fragrances companies
(data reproduced from http://www.edb.gov.sg)