Beyonics engineers success alongside Lion City’s rise as global innovation hub

Singapore is on its way to becoming one of the most innovative, research-intensive and entrepreneurial economies – not only in Asia, but in the world.

Prime Minister Lee Hsien Loong announced last year that through Research, Innovation and Enterprise (RIE) 2020, Singapore is set to allocate more than S$19 billion (HK$104 billion) through 2020 in developing the country to become innovation-driven, knowledge-based and future-ready. The long-term vision is to create high-value jobs while catalysing new growth areas and increasing the competitiveness of industries.

And while more and more multinational corporations – from IBM to Procter & Gamble, Nikon and Rolls-Royce – have been setting up their research and development operations and other activities in Singapore recently, home-grown industry leaders such as precision parts and product manufacturing specialist Beyonics are taking the lead in using innovation as a growth strategy.

“Singapore may be a relatively tiny economy with a small population, limited domestic market and even more limited natural resources, but it packs a punch as an increasingly formidable country of intellectual capital,” says Beyonics CEO Scott Smith. “We are going to continue to lead from the front – and with Singapore’s vision by outpacing other companies, and other opportunities in the industry – working hand-in-glove with the government.”

With core expertise in precision-engineered components, turnkey electronics subassembly and complete product manufacturing, Beyonics has become a strategic partner of global industry leaders in diverse fields, particularly automotive, medical, industrial and consumer. In addition to plastic injection moulding, aluminium die-casting, precision machining, printed circuit board assembly and deep-drawn metal stamping, it provides an integrated range of design, production, engineering and fulfilment solutions.