SINGAPORE (News release) -- Tetra Pak announced that it will close its packaging material production in Jurong and consolidate the Singapore-based production into its other factories in the region. This shift will take place over the next 12 months and is part of the company's continuous strategy to optimise its global manufacturing footprint, serve customers better and adapt to the changing market dynamics.
The Tetra Pak Packaging Materials factory in Jurong started operations in 1982, supplying customers in Singapore and serving as an export base. However, with market dynamics changing significantly over the past decades, the company recognises the need to adapt in order to maintain competitiveness. Striking a delicate balance between market demands, industrial footprint optimisation, and operational cost efficiency is paramount.
Tetra Pak is committed to supporting all impacted employees by delivering above and beyond all applicable statutory requirements and ensuring they are treated with the utmost respect and care, in line with company values. About 300 employees impacted were informed earlier today, and discussions have been set up throughout this week to offer new opportunities or outplacement support.
Tetra Pak will relocate its corporate office to a new location in Singapore by the end of the year. This will be one of its largest offices in Asia Pacific, with a capacity of up to 250 people.
Tetra Pak is a world leading food processing and packaging solutions company.
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