Transcript Innovation and Motivation
In Singapore
Asia Pacific Business Outlook Conference March 27, 2007 Kristin Paulson
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Provides broad range of high technology products and services to the building systems and aerospace industries
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Over 2,000 locations in 180 countries
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43rd largest U.S. corporation (2006 list, Fortune Magazine)
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126th in the world (2006 list, Fortune Magazine)
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Revenues of US$48 billion (2006)
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Over 215,000 employees
Otis
• Elevators • Escalators • Moving walks • Shuttle systems • Platform Screen Doors
United Technologies Structure
Pratt & Whitney
• Commercial and military aircraft engines • Rocket engines • Space propulsion systems • Industrial gas turbines
UTC Power
• Production of fuel cells
UTRC
• Research & Development unit
Chubb (Lenel System, Kidde)
• Security and fire protection services
Sikorsky
• Helicopters for commercial, industrial and military use
Carrier
• Heating equipment • Ventilating equipment • Air conditioning
Hamilton Sundstrand
• Aerospace and industrial products • Space programs • Aerospace systems for commercial, regional, corporate and military aircraft
REVENUES 2006 Canada
7%
Latin America
4%
Other
3%
Asia Pacific
18%
Europe
28%
$48 billion United States
40%
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UTC in Singapore
S-70 HELICOPTERS
S-70B (ASW Variant) S-70A(N) (Utility Variant)
UTC History in Singapore
• 1930-1950 Carrier and Otis Elevator • 1972 • 1980s • 1990s Sundstrand Pacific Aerospace and Chubb Singapore Turbine Overhaul Services (TOS) & Pratt & Whitney Canada Pratt & Whitney overhaul and repair activities and Carrier refrigeration • 2000-2005 • 2005 UTC Regional Corporate Office Expansion of Pratt & Whitney businesses to support MRO activity Kidde and UTC Fire & Security formed
Economic Development Board www. edb.gov.sg
Manufacturing in Singapore = 28% of GDP Key sectors are:
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Electronics
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Mechanical Engineering
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Biomedical Manufacturing
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Chemicals
EDB’s priority areas of investments today are:
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Capital intensive industries
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Knowledge intensive industries
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Innovative intensive industries
Reasons to be in Singapore
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Regional Focus
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Transparency
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Quality of Talent
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Integrity
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Culture