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SINGAPORE : French company FCI Microconnections has opened its second plant in Singapore.
Located in Changi, it was built at a cost of S$51 million. This brings the company's total investment in Singapore to S$67 million.
The company's first plant, located in Loyang, was opened in 2004.
The world's top manufacturer of smart card tape material said the new Changi plant has a production capacity of 5 billion units.
But going forward, it aims to grow this by 10 per cent as it taps into the growing demand for smart cards in Asia.
Known as flexible printed circuits (FPCs), the metallic strips are used in products like credit cards, bank cards and mobile phone SIM cards.
The company's other plant in France makes two to three billion units of FPCs every year.
The 18,000 square metre plant employs 330 workers and the company said there is room to increase manpower as its operations expand.
FCI has made over 10 billion parts in Singapore since the opening of its first plant in Loyang in 2004. It counts Gemalto and SmartFlex Technology as two of its key customers.
- CNA/al
- wong chee tat :)
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