Dyson to invest $1.1 billion in Singapore as part of global plan

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SINGAPORE, March 25 (Reuters) – Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest 1.5 billion Singapore dollars ($1.1 billion) in Singapore over the next four years , the latest phase of a S$4.9 billion global investment plan. .

When Dyson announced the global investment plan in 2020, it said the money would be split between the company’s global headquarters in Singapore, its two campuses in Wiltshire, southern England, and the Philippines.

On Friday, it opened its new global headquarters at a restored power plant in the Southeast Asian city-state, where it plans to hire more than 250 additional engineers and scientists.

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Positions will cover robotics, machine learning, high-speed electric digital motors, energy storage and more.

Singapore is a hub for Dyson’s research and engineering teams, as well as commercial, advanced manufacturing and supply chain operations. It has more than 1,400 employees in the country, including 560 engineers and scientists.

Singapore, a low-tax global business hub, has stepped up its efforts to attract technology and research companies.

“This is the future of technology companies – going where talent is available and welcomed,” said its prime minister, Lee Hsien Loong, at the opening of the headquarters.

“It’s also Singapore’s future – hosting business and talent, which can help make us a hub for new ideas and scientific progress.”

Founded by British entrepreneur James Dyson in the 1990s, the company has become a household name by developing stylishly designed products ranging from hand dryers and air purifiers to hair care tools and vacuum cleaners.

Dyson, a pro-Brexit billionaire, announced plans in 2019 to move his company’s headquarters to Singapore to be closer to its fastest growing markets, sparking a backlash at home.

The company has other sites in Singapore, including an engineering center, an engine manufacturing plant and a new battery plant.

Southeast Asia is a major production base for Dyson, with Malaysia being its second global hub.

Last year, Dyson parted ways with its ATA supplier IMS Bhd (ATAI.KL) following an audit of the Malaysian company’s labor practices and allegations from a whistleblower.

ATA made parts for Dyson’s vacuum cleaners and air purifiers. Read more

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Reporting by Aradhana Aravindan; Editing by Ed Davies

Our standards: The Thomson Reuters Trust Principles.

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