Consumer electronics giant Dyson Ltd. has announced its ambitious five-year, £2.75 billion ($3.4 billion) global investment plan to expand its manufacturing facilities and technological hubs across Singapore, the Philippines and the UK.
The centerpiece of this expansion is an advanced facility in the western Singapore town of Tuas that will produce next-generation batteries for new products such as cordless vacuums and hair straighteners with up to 60 minutes battery life. The state-of-the-art plant is scheduled to become fully operational by 2025.
Dyson's CEO, John Smith, said in a statement: "This investment marks our commitment to driving innovation in technology and engineering globally. With these new facilities, we aim to bring cutting-edge technologies to market more quickly."
In addition to the Singapore facility, Dyson plans on investing £166 million into building a technology hub in Santo Tomas, Batangas – located south of Manila in the Philippines – further expanding their research capabilities within Asia.
Last year marked another milestone for Dyson when they opened their global headquarters in Singapore and pledged S$1.5 billion ($1.1 billion) towards expansion efforts within the city-state over several years.
According to Jane Thompson, Head of Research at Dyson: "Singapore offers us access not only to world-class talent but also provides an ideal environment for collaboration between our research teams spread across different continents."
As part of their extensive investment plan, Dyson will also establish research campuses in both Bristol (UK), focusing on software and artificial intelligence development (£100m), as well as a tech center (£166m) situated somewhere within Netherlands - creating 400 job opportunities for engineers within Europe alone
These three new sites are designed to boost both engineering capabilities and manufacturing expertise while fostering closer cooperation among departments under one roof; ultimately accelerating product development globally.
This bold move by Dyson is a testament to the company's commitment to innovation and growth in an increasingly competitive global market. With these investments, Dyson will undoubtedly solidify its position as a leader in advanced technology for years to come.