Digital Transformation Pact
MOU SIGNING CEREMONY: CIRCULAR MANUFACTURING INDUSTRY ALLIANCE PARTNERSHIP
Background ON COLLABORATION
The importance of addressing Singapore's resource constraints, environmental challenges, economic diversification, and international standing cannot be overstated. Pioneering Circular Manufacturing signifies a crucial shift away from the traditional "take-make-dispose" model of manufacturing, promoting sustainability while securing our long-term economic and societal well-being.
As a business strategy, Circular Manufacturing can lead to cost efficiencies, expanded market access, enhanced talent attraction and retention, an improved reputation, new business opportunities, and enduring resilience—a vital consideration for businesses in today's environmentally conscious and competitive landscape.
The MOU signing ceremony aims to formalize the formation of Strategic Industry Alliance to Pioneer Circular Manufacturing in Singapore.
The founding members of this alliance include MOLYWORKS MATERIALS PTE. LTD ("Continuum"), TRITAN AMS PTE. LTD ("Tritan"), SHIN SEIKI PTE LTD ("Shin Seiki"), AME INTERNATIONAL PTE. LTD ("AME"), and FOREFRONT ADDITIVE MANUFACTURING PTE. LTD ("Forefront AM").
Under the terms of the MoU, the alliance members will initiate a collaborative project for the purpose of demonstrating the concept of Circular Manufacturing in Singapore by leveraging their respective domain expertise.
Continuum brings in expertise in metal recycling and low carbon footprint metal powder manufacturing. Forefront AM offers their expertise in the Additive Manufacturing technology domain. Tritan, Shin Seiki, and AME contribute their expertise in metal works and solutioning, aggregating and processing metal waste.