FONG’S Engineering and Manufacturing – a manufacturer of high-end medical devices – aims to launch a full-fledged smart factory in the next three to five years, a move expected to boost its revenue by 20 per cent year on year.
The facility will feature an integrated manufacturing shop floor powered by advanced robotics and autonomous robots, with Industrial Internet of Things (IIoT) capabilities for collecting data.
This will allow Fong’s to run its production round the clock with minimal human intervention, what is says is a capability possessed by only a few small and medium-sized enterprises (SMEs) in Singapore.
The transformation of the firm’s production lines will be done in stages, said Fong’s at the launch of its smart factory journey on Tuesday. One production line has already been transformed.
The revamp is also expected to raise Fong’s productivity by at least 30 per cent.
Senior Minister of State for Trade and Industry Koh Poh Koon, who was the guest-of-honour at the event, commended Fong’s “bold move” to harness the potential of Industry 4.0.
Read the full Business Times article by Lynette Tan.
Transcript of speech by SMS Koh Poh Koon.
Source: The Business Times; Ministry of Trade and Industry Singapore.
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