Singapore Poultry Hub receives $40m loan to set up smart factory
It aims to boost the hub’s productivity and capacity by 26% and 70% respectively.
United Overseas Bank (UOB) has extended a $40m loan to the Singapore Poultry Hub which will help the latter set up its first smart and green factory, an announcement revealed.
With the aim of boosting productivity and capacity by 26% and 70%, respectively, Singapore Poultry Hub will work with partners such as Enterprise Singapore, to employ smart technologies including robotics, Industry 4.0 tech and the industrial internet of things at its new factory.
It will also feature a new waste management system to reduce the amount of waste generated by the poultry processors. The partnership will also help the poultry processor digitalise the collection of payments to reduce the use of cash and cheques.
The hub is a joint venture amongst five parties namely Tan Chin Long, Tong Huat Poultry Processing Factory, Kee Song Holdings, Sinmah Holdings (S) and Tysan Food Pte Ltd.