Singapore - American company Lubrizol Corporation's specialty chemicals are found in many everyday items, from skincare product ingredients to lubricant additives used in vehicle engines.
Now, the Berkshire Hathaway subsidiary, which first entered Singapore in 1984, is enhancing its research and development (R&D) capabilities with the opening of its new South-east Asia Innovation Centre on July 23.
The new center in Jurong spans 15,000 sq m over multiple floors, centre in and features immersive experience zones, virtual reality displays, and dedicated spaces for technical training and knowledge sharing.
The state-of-the-art laboratories in the facility will be utilized by scientists and product developers for R&D, allowing them to design and test solutions for customers across various industries, including mobility, infrastructure, beauty, and personal care.
The innovation center complements Lubrizol's existing administration office and manufacturing plant in the area.
"Singapore plays a crucial role in our global innovation network due to its robust R&D ecosystem and unique environment that fosters innovation " said Lubrizol Corporation's president and chief executive, Ms Rebecca Liebert.
Headquartered in the US, Lubrizol has over 100 manufacturing facilities, sales and technical offices worldwide. It employs more than 7,000 people, with over 800 employees in the Asia-Pacific region.
While the company did not disclose its current staff strength in Singapore, Mr Paul Nai, managing director of Lubrizol South-east Asia , stated that more R&D jobs are expected to be created with the launch of the new innovation centre.
The launch of the centre is supported by the Economic Development Board (EDB).
Lubrizol is expected to sign an agreement with the EDB as it commits to expanding its activities in the region over the next five years.
Mr Lim Wey-Len, EDB’s executive vice-president, mentioned “The energy and chemicals industry is a key pillar of Singapore’s economy, with the specialty chemicals segment emerging as a key engine of growth and job creation in recent years. " He added
"This growth is driven by global trends such as the shift towards sustainability, rising demand for high-performance materials across end markets like electronics, automotive and personal care, and the increasing importance of Asia as a manufacturing and innovation hub."
Mr Lim also stated that investments in the specialty chemicals sector over the past two years are expected to create at least 400 jobs in the coming years.
These roles include positions in manufacturing operations, R&D and innovation, process engineering, sustainability and corporate functions for both fresh graduates and experienced hires, he added.
Mr Samuel Tung, 28, an account manager with Lubrizol South east Asia, said he decided to pursue a career in the speciality chemicals sector upon graduation so he could witness first hand how science can be translated into real-life solutions.
Ms Jolyn Thang, 29, who works as a technical service scientist with the company, said she sees strong career growth opportunities in this sector. The rise of Korean and Japanese beauty trends has driven demand for a wider variety of beauty products.
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