A partner of Singapore since 1951, Philips symbolically breaks ground on new facility to support its growth ambitions and new focus on digital service models
Singapore – Royal Philips (NYSE: PHG AEX: PHIA) today strengthened its commitment to the ASEAN & Pacific region by unveiling plans to build a new regional headquarters based in Singapore. The new Toa Payoh facility is scheduled to be completed in the first half of 2016. It will accommodate a significant expansion in capabilities and talent to support the company's growth ambitions.
Philips will also establish a new tele-healthcare center in the facility that will enable hospitals to remotely monitor and treat patients at home, with the aim of offering them better quality of life. The center will provide a base for Philips' expansion efforts in tele-health especially in the area of co-creating integrated care models with healthcare partners in Singapore and the region.
Unveiling plans for the new facility in a ceremony today, Frans van Houten, Chief Executive Officer of Royal Philips said, "Singapore is a vital innovation hub in the region for Philips. Functioning as the regional headquarters, this new facility underlines Philips' commitment to the region and most importantly, will drive our innovation particularly in healthcare. With the new tele-health center, for example, we aim to improve patient health and lower treatment costs by monitoring patient conditions and reducing the need to hospitalize patients."
Next to the tele-health center the new facility will also have a new lighting experience center which will showcase Philips' latest innovations in lighting and the new facility will also serve as a living showroom. It will be one of the first Philips location in the world to have connected lighting throughout the entire facility. Employees will be able to control their lighting from their personal smart devices.
"Singapore's digital capabilities, range of test-bedding platforms, and availability of talent from diverse backgrounds and disciplines, have made us attractive as an innovation hub in Asia. This enables global companies like Philips to co-create new transformative technologies from Singapore", said Leo Yip, Chairman of the Singapore Economic Development Board. "Philips' new emphasis on digitization to enable innovation is also aligned with our aim to have new ICT solutions created and built in Singapore. I am confident that the new campus will become a critical node for Philips in its global innovation network."
The company established its operations in Singapore in 1951 and its campus has long been central to Toa Payoh's development having employed more than 30,000 people in the last 60 years.
"Singapore offers a large pool of high-skilled talent, and this talent is critical to Philips as we aim to transform and grow our organization. This growth will help us respond to the region's top societal challenges, such as urbanization, aging populations and the rise of chronic diseases," said Harjit Gill, Chief Executive for ASEAN and Pacific at Royal Philips.
The new building will also contain new research and development facilities, a co-creation center with rapid prototyping capabilities, and a digital command center for monitoring global and local consumer trends and managing content.