After nearly four decades of supplying machines and tools to other companies, homegrown business Flexmech Engineering is branching out. Within three years, it will offer services to support various machines, including digitalisation to track productivity and flag issues. This will enable it to expand further globally. “We’re evolving from an equipment supplier to an advanced manufacturing technology provider,” says managing director Tan Ru-Jin, 40.
For Singaporean businesses aiming to make it big, how to scale beyond the little red dot has always been the question. As firms in the manufacturing sector – which makes up 21 per cent of Singapore’s gross domestic product – seek to recover and emerge stronger from the Covid-19 crisis, capitalising on Industry 4.0 technologies could be the key to unlocking new markets.