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Home Action Party (HAP) Celebrates 10 Years of Innovation Transforming Over 500 Homes


SINGAPORE – Media OutReach Newswire – 8 November 2024 – Home Action Party (HAP) is excited to celebrate its 10th anniversary, marking a decade of transforming homes across Singapore with cutting-edge smart home automation solutions. From humble beginnings as a two-person team, HAP has grown into a leading one-stop solution provider, delivering hassle-free services from design to aftersales. Whether it’s ideation, installation, or maintenance, HAP’s comprehensive approach ensures a smooth and convenient experience for homeowners. The company has successfully completed over 500 projects, revolutionising how people experience comfort, home smart lighting, security, and entertainment at home.

Home Action Party (HAP) Celebrates 10 Years of Innovation Transforming Over 500 Homes

Since its establishment in 2014, HAP has been on a mission to redefine modern living. What started as a small operation focused on smart home installations has evolved into a full-spectrum service provider, integrating advanced technologies in home automation, security, networking, and luxury living. HAP works with renowned brands such as Control4, Bowers & Wilkins, and Marantz to ensure top-tier solutions for their clients. From Control4 app integration to manage smart lighting, security, and entertainment, to future-proofing homes with Wi-Fi 7 technology for seamless high-speed internet coverage, HAP’s offerings cater to every aspect of the modern smart home. Their collaboration with Bowers & Wilkins enhances the luxury experience with premium audio solutions, including multi-room music systems and private home cinema setups.

As part of its 10-year milestone, HAP is introducing new offerings tailored to discerning homeowners. These include multi-room music systems providing synchronised audio throughout the home, private home entertainment rooms transforming living spaces into personal cinemas with high-end audiovisual setups, and luxury living solutions that fuse technology with elegance to create bespoke smart home designs.
Hashtag: #HomeActionParty #HAP



The issuer is solely responsible for the content of this announcement.

About Home Action Party (HAP)

Home Action Party is a premier smart home automation provider in Singapore, specialising in tailor-made smart home solutions for both residential and commercial clients. Since 2014, HAP has completed numerous projects, offering services such as home automation, smart lighting, , and . HAP is dedicated to providing smart home technologies that enhance modern living.

For further information or inquiries, please visit .

Application for clinical trial of AIM Vaccine’s human diploid rabies vaccine

An iterative process is highly effective in increasing the value of large items

HONG KONG SAR – Media OutReach Newswire – 8 November 2024 – AIM Vaccine (06660.HK), the world’s second largest supplier of rabies vaccines, announced on 7th November that the application for clinical trial of the iterative-process highly-effective human diploid rabies vaccine developed by the Company has been submitted to the Center for Drug Evaluation (CDE) of National Medical Products Administration of China recently.

According to the announcement, the i iterative-process highly-effective human diploid rabies vaccine developed by AIM Vaccine shows an iterative upgrade compared to the traditional human diploid rabies vaccines of the first generation in many aspects.

The iterative-process highly-effective human diploid rabies vaccine developed by the Company has taken the lead in breaking through the technical bottlenecks of low virus titer and low yield in the traditional process. It has been optimized and innovated in the purification process with the product quality and safety significantly improved.
Compared with the number of traditional rabies vaccinations, this product developed by the Group can be vaccinated with either “five-needle approach”, “simple four-needle approach” or “2-1-1 four-needle approach”, which is more flexible and convenient.
There are two kinds of rabies vaccines, namely the serum-containing rabies vaccine and the serum-free rabies vaccine. However, no serum-free rabies vaccine has been registered or marketed yet. The mainstream Vero cell rabies vaccine and human diploid rabies vaccine currently available in the market are serum-containing rabies vaccines.

Compared with the traditional Vero cell rabies vaccines, human diploid rabies vaccine uses human diploid cells instead of Vero cells, which are homologous to humans and have a natural safety advantage. The human diploid rabies vaccine currently available in the market is 3 to 5 times more expensive than the Vero cell rabies vaccine, with higher product added value.
According to the announcement, AIM Vaccine has completed the construction of an iterative-process high-efficiency human diploid rabies vaccine workshop that meets international standards, and has completed the production of commercial-scale Phase III clinical trial samples, which is capable of producing this product in large scale.
China is the world’s largest rabies vaccine market. According to the 2024 interim performance report of AIM Vaccine, the approved lot release volume of China’s rabies vaccines increased from 58.80 million in 2019 to 78.50 million in 2021, representing an increase of 33.6%. It is expected that the market scale will increase to RMB22.0 billion by 2030, partially due to the iteration of rabies vaccine products upgrade. With the expansion of the pet market and the popularization of pre-exposure immunity knowledge, it is expected that the demand for human rabies vaccines will continue to grow in the future.

Hashtag: #AIM

The issuer is solely responsible for the content of this announcement.

‘TVBS Originals’ Goes Global with TAICCA’s Support, ‘Living’ Showcased in Busan


TAIPEI, TAIWAN – Media OutReach Newswire – 7 November 2024 – TVBS is a leading media brand in Taiwan and the TVBS Originals drama “Living” set a record at the 59th Golden Bell Awards, winning six awards and becoming the most-awarded single drama in the network’s history. The series achieved significant success in Taiwan and received its first nomination at the Asia Contents Awards & Global OTT Awards this year. Supported by the Taiwan Creative Content Agency (TAICCA), “Living” was showcased at the award ceremony last month in Busan, South Korea, further elevating the international profile of Taiwanese audiovisual content. Wu Kang-Ren, nominated for “Best Lead Actor (Male)” for his role in “Living,” attended the ceremony, highlighting Taiwan’s strength in drama production and opening new international markets for Taiwanese original content.

The TVBS Originals drama ''Living'' participated in international awards with cultural support from TAICCA. (Image source: TVBS)
The TVBS Originals drama ”Living” participated in international awards with cultural support from TAICCA. (Image source: TVBS)

In recent years, TVBS has actively expanded into the international market, with multiple productions landing on global OTT platforms like Netflix, reinforcing its leadership in Asian content creation. This year, “Living” participated in international awards with cultural support from TAICCA, showcasing Taiwanese audiovisual talent on a larger global stage and boosting the visibility and competitiveness of Taiwanese content. This month, “Living” is set to debut on an OTT platform in Japan, offering more international audiences the opportunity to experience this uniquely Taiwanese production.

After being nominated for the 2024 Asia Contents Awards & Global OTT Awards, “Living” continued its winning streak at the 59th Golden Bell Awards, taking home six awards. Highlights included the “Best Television Series Award,” produced by Ruby Lin; Wu Kang-ren’s win for “Best Leading Actor in a Television Series Award”; Yang Kuei-mei receiving “Best Leading Actress in a Television Series Award”; and Joseph Cheng winning “Best Supporting Actor in a Television Series Award” with his first nomination. Rising star Junior Hsieh was awarded the “Best Newcomer in a Television Series Award,” and “Best Directing for a Television Series Award” was shared by directors Hsu Chao-Jen and Lin Chih-Ju. These accolades make “Living” the biggest winner at this year’s Golden Bell Awards and underscore TVBS’s commitment to high-quality original content.

Wu Kang-Ren, nominated for ''Best Lead Actor (Male)'' for his role in ''Living'', attended the 2024 Asia Contents Awards & Global OTT Awards ceremony. (Image source: Busan International Film Festival)
Wu Kang-Ren, nominated for ”Best Lead Actor (Male)” for his role in ”Living”, attended the 2024 Asia Contents Awards & Global OTT Awards ceremony. (Image source: Busan International Film Festival)

Looking ahead, TVBS plans to continue investing in original productions, bringing Taiwanese dramas and creative content to international audiences in alignment with government policies. Currently, TVBS Originals has several projects in development. In addition to the recently aired “Love on a Shoestring,” both “Who’s the Boss” and

“The Good, the Bad, and the Ugly” have completed production and are scheduled for release early next year. “Who’s the Boss” and “The Good, the Bad, and the Ugly” received support from TAICCA’s “1 plus 4—T-content plan,” designed to engage audiences and promote Taiwanese culture worldwide, advancing the goal of “Connecting the World, Empowering Taiwan.”
Hashtag: #TVBS

The issuer is solely responsible for the content of this announcement.

Mengniu Ningxia Factory Recognized as WEF “Lighthouse Network,” Leading China’s Dairy Industry in Digitalization


HOHHOT, CHINA – Media OutReach Newswire – 7 November 2024 – In Q4 2024, the World Economic Forum (WEF) announced its latest group of “Lighthouse Network,” with Mengniu Group’s cutting-edge facility – Mengniu Ningxia Factory, being honored as a “Lighthouse Network.” This achievement marks a significant milestone as the first in China’s dairy industry and the world’s inaugural liquid milk factory to receive this prestigious designation.

Fully Digitized Production Line at Mengniu Ningxia Factory
Fully Digitized Production Line at Mengniu Ningxia Factory

Selected by the WEF and McKinsey & Company, “Lighthouse Network” exemplify the forefront of “digital manufacturing” and “Globalization 4.0,” representing the epitome of intelligent manufacturing and digitalization in today’s global manufacturing landscape. The WEF praised Mengniu Ningxia Factory for its implementation of over 30 advanced Fourth Industrial Revolution use cases, enhancing processes such as milk processing, packaging, and inspection. These innovations have resulted in a 55% reduction in delivery cycles, a 32% decrease in operating costs, and remarkable improvements in operational efficiency and product quality.

As Mengniu’s inaugural fully digitalized facility and the largest single-unit liquid milk factory globally, the Ningxia Factory has revolutionized its operations by integrating 5G technology with a comprehensive, efficient, and intelligent approach. Through complete digitalization across the system, chain, process, and automation, the factory now has enhanced capabilities to understand consumer needs, predict market trends, boost production efficiency, and ensure stringent quality control from source to end product. This transformation ensures the nutritional value and safety of every dairy product, paving the way for a data-driven revolution in the dairy industry’s quality and productivity standards.

The Mengniu Ningxia Factory has achieved a groundbreaking milestone through the implementation of the “134556” digital password system, marking a new era in intelligent manufacturing within the global dairy industry. This innovative approach integrates strategic, operational, and AI decision-making processes, establishing a new standard for efficiency and quality. By focusing on “thorough connectivity,” the factory has seamlessly linked the entire dairy production chain, equipment interfaces, and system integration, resulting in comprehensive digital enhancements across all production stages.

Embracing the principle of “thorough connectivity,” Mengniu Ningxia Factory has successfully transitioned to a “department-free platform” by leveraging six algorithm-driven platforms: intelligent procurement and supply, energy management, production optimization, quality control, smart logistics, and facility management. In just one year of operation, the factory has excelled in key performance indicators such as area efficiency, labor productivity, product quality, and energy conservation, demonstrating a harmonious fusion of these essential metrics. Compared to traditional facilities, Ningxia Factory has significantly improved space utilization, labor productivity, product quality, and energy efficiency, reflecting its dedication to continuous innovation and sustainability practices. With over 154 patents and software copyrights, along with 1,270 technological advancements, the factory has been recognized with the prestigious LEED Gold Certification for its environmentally friendly infrastructure, solidifying its position as a leader in green architecture.

Mengniu Ningxia Factory
Mengniu Ningxia Factory

As a prominent figure in China’s dairy industry, Mengniu has consistently viewed advancing high-quality development in the sector as its core mission and obligation. Looking ahead, Mengniu remains committed to leveraging data intelligence to empower its operations, establishing top-tier “Lighthouse Clusters” within the dairy industry, spearheading the transformation and enhancement of China’s dairy sector through the illuminating power of data-driven insights, and infusing fresh momentum into fostering new quality productivity and championing high-quality industry development.

Hashtag: #mengniu

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Yung Kee Restaurant Celebrates 82nd Anniversary Embracing Diverse Culinary Cultures

Redefining the Golden Years with “Care Food”

HONG KONG SAR – Media OutReach Newswire – 7 November 2024 – Yung Kee Restaurant (“Yung Kee“), renowned for its authentic Cantonese cuisine and charcoal-grilled delicacies, has grown alongside Hong Kong for over eight decades. On 10 November 2024, it will mark a significant milestone of its 82nd anniversary. This year, Yung Kee has organized multiple initiatives dedicated to social welfare and environmental projects, actively giving back to society in celebration of its anniversary. Continuing its tradition of connecting the world through exquisite dishes and promoting mutual care, Yung Kee unies people through its culinary delights.

Established in 1942 and located in the heart of Hong Kong Island’s Central District, the iconic Yung Kee offers causal and fine dining, serving preserved family recipes for charcoal-grilled barbecued meats and Cantonese classics. Not only does it preserve the true essence of Cantonese cuisine and the authentic culinary culture of Hong Kong, it has also become a popular dining choice for local residents and tourists. Yung Kee upholds its core values, crafting each dish with carefully selected premium ingredients and cooked with exquisite culinary techniques to present customers with classic and skillfully prepared delicacies. Staying true to the founder’s vision, Yung Kee always treats guests with sincerity, offering a homely and welcoming service.

8 “Care Food” Dishes to Reunite Elderly Customers with Their Family

For over 80 years, Yung Kee has been a place where families share cherished dining traditions. As time goes by, many of our loyal customers have aged and may face challenges like chewing or swallowing, making it harder to enjoy meals with their loved ones. Therefore, Yung Kee has decided to launch the “Care Food” (also known as “Soft Meal”) program. The aim is to create a joyful time for individuals in need to be able to dine together with their families, sharing the happiness of enjoying delightful dishes at the same table.

Yung Kee has spent over 6 months preparing the “Care Food” program, following the requirements of the International Dysphagia Diet Standardisation Initiative (IDDSI), and carefully designing a menu of soft food dishes. As a result, we are proud to present 8 authentic “Care Food” dishes, covering 3 different levels, to meet the needs of different individuals.

“Stir-fried Fresh Milk and Egg White with Scallop” ($320/Regular) is a level 6 (soft and bite-sized) dish. Yung Kee selects scallops from Western Australia, which have a softer texture compared to regular scallops and therefore more suitable for creating “soft meal.” Their fresh and sweet flavor is more pronounced, especially when paired with rich and smooth fresh milk, offering a rich layering of flavors and textures.

“Stir-fried Local Fresh Beef Rump with Bitter Gourd, Garlic and Black Bean” ($280/Regular) is another level 6 (soft and bite-sized) dish. While it may seem simple to prepare, achieving “Care Food” standards requires finely dicing the bitter melon and beef. The subtle bitterness of the bitter melon complements the rich black bean garlic sauce, and the delicate plating creates a visually appealing dish reminiscent of a “Chinese Tartare.”

“Steamed Pork Cake with Water Chestnut and Salted Egg” ($220/Regular) is a level 5 (minced and moist) dish. Using local fresh pork collar, the freshness of the pork is retained. Extra preparation techniques are applied to make the meat patty softer, enabling individuals with specific needs to savor its flavor.

“Baked Crab Meat, Potato, Cauliflower and Onion in Crab Shell” ($220/Piece) is also a level 5 (minced and moist) dish. The chef meticulously shreds and minces the crab meat, combining it with mashed potatoes and cauliflower to create a white sauce for baking, resulting in a classic and delicious dish.

“Signature Charcoal Roasted Goose Leg” ($400/Leg) is a level 4 (pureed/optimized texture modified diet) dish. Charcoal-grilled roast goose is one of Yung Kee classic signature dishes. This time, it has been specially crafted into a care food dish, preserving the aroma of goose oil and the roast goose meat, allowing guests to savour the authentic flavour of the dish.

“Steamed Shrimp and Pork Dumpling” ($68/4 pieces) is a level 4 (pureed/optimized texture modified diet) dish. It uses Canadian prime ribeye and combines with premium dried scallops to enhance the unique flavour.

“Steamed Shrimp and Bamboo Shoot Dumpling” ($72/3 pieces) is a level 4 (pureed/optimized texture modified diet) dish. It combines the refreshing taste of bamboo shoot with the freshness of shrimp to create a rich texture in the mouth. Designed to resemble traditional shrimp dumplings, it features a delicate appearance, providing customers with both a visual and gustatory experience.

“Sesame Cake” ($60/3 pieces) is the final level 4 (pureed/optimized texture modified diet) dish. It uses high-quality black sesame seeds to produce a rich and delicious flavour and a smooth texture and sweetness. This dessert serves as the perfect ending to the care food menu.

Yung Kee’s “Care Food” dishes will officially launch on 1st December. We look forward to customers joining us in the upcoming festive days, especially during the Winter Solstice and Chinese New Year, to dine at Yung Kee with family members who may have swallowing difficulties. To ensure smooth arrangement and service, we kindly ask customers to make reservations one day in advance.

Ms. Yvonne Kam, CFO of Yung Kee said, “Yung Kee is proud to introduce our ‘Care Food’ program, promoting Hong Kong’s soft meal culture. We aim to provide delicious and dignified dining experiences for individuals with chewing and swallowing difficulties as well as elderly, enabling them to enjoy their golden years. Through over 80 years of dinning service at Yung Kee, we are adding a touch of diverse and inclusive culinary culture.”

Yung Kee is participating in the Hong Kong Council of Social Service (HKCSS) “Care Food Restaurant Incubation Program,” in collaboration with The Project Futurus, a social enterprise that specializes in texture modified soft meal and a strategic partner of the program. Over the past six months, Yung Kee’s chefs and frontline staff have worked closely with The Project Futurus, engaging in a series of workshops focused on soft meal training, menu design, and operational improvements. As the first traditional Cantonese restaurant in Hong Kong to be dysphagia-friendly, Yung Kee will also participate in the “Gerontech and Innovation Expo cum Summit (GIES) 2024,” taking place from November 21 to 24, to promote local care food culture.

Expanding New Concept “Yung’s Bistro” with a Focus on Sustainability

Yung’s Bistro, a refreshing new concept by Yung Kee, has just celebrated the grand opening of its second location at Taikoo Place at the end of last month. The new location demonstrates a strong environmental commitment in both design and operations, showcasing the brand’s green philosophy through the use of various sustainable and eco-friendly materials.

From the initial planning to the final completion, the new restaurant has adhered to the top standards of sustainable development, becoming the first local Chinese restaurant in Taikoo Place to receive the “Green Kitchen” certification. The restaurant showcases outstanding achievements in waste reduction, plastic minimization, and carbon footprint reduction and is currently pursuing BEAM Plus certification.

Furthering its environmental-friendly initiatives, the restaurant has collaborated with renowned local fashion designer Mr. Dorian Ho on an innovative upcycling project. In addition to creating staff uniforms, Dorian transformed unused tablecloths into stylish eco-friendly bags, offered as gifts to guests at the grand opening event.

Heading towards the 83rd Anniversary Next Year

Yung Kee development momentum continues in 2025, with the upcoming transformation project spanning the sixth to ninth floors of the Yung Kee Building. This four-level project is set to debut in early next year, adding brilliance to the 82nd anniversary initiatives. Despite facing numerous challenges in recent years, Yung Kee remains true to its original aspirations. As it approaches its 83rd year next year, the restaurant is always dedicated to serving Hong Kong people with the most sincere and authentic Cantonese cuisine, safeguarding the local culinary culture.

Care Food Reservation and Enquiries Hotline: +852 2522 1624

For latest information and event updated, please follow Yung Kee’s social media:
Click here for more photos.

Hashtag: #YungKee #YungKeeRestaurant


The issuer is solely responsible for the content of this announcement.

Arla Foods Ingredients and Volac Joint Statement on Acquisition Decision


TAIPEI, TAIWAN – Media OutReach Newswire – 7 November 2024 – The UK’s Competition and Markets Authority has approved Arla Foods Ingredients‘ acquisition of Volac‘s Whey Nutrition business. The regulator’s go-ahead follows an evaluation that took place after the two companies signed an acquisition agreement on April 18th 2024.

Arla Foods Ingredients
Arla Foods Ingredients

Commenting on the announcement, Luis Cubel, Group Vice President and Managing Director of Arla Foods Ingredients, said: “This is a very welcome decision at a time when demand for high-quality whey ingredients is growing. It means we’re a step closer to a significant acquisition that would consolidate our position as a leader in the whey nutrition space. We will now move forward with the formal process necessary to make Volac’s Whey Nutrition business part of Arla Foods Ingredients. Once that is complete, we will be able to comment further on the many advantages of bringing together these two major manufacturers of whey ingredients – not just for both companies, but also for our customers and the industry as a whole.”

Commenting on behalf of the Neville family, James Neville, joint owner of Volac, said: “We were always confident that Arla Foods Ingredients had the necessary expertise and values to take our Whey Nutrition business to the next level, and we are delighted to have reached this important step in the acquisition process. It’s great news for Volac Whey Nutrition, and for the whey ingredients sector, that these two innovative companies have been allowed to join forces.

Hashtag: #ArlaFoodsIngredients

The issuer is solely responsible for the content of this announcement.

Arla Foods Ingredient

Arla Foods Ingredients, Arla Foods Ingredients is a global leader in improving premium nutrition. Together with our customers, research partners, suppliers, NGOs and others, we discover and deliver documented ingredients and products that can advance lifelong nutrition for the benefit of consumers around the world. We serve leading global brands in early life nutrition, medical nutrition, sports nutrition, health foods, and other foods and beverages.

Volac

Volac is a fast-growing, ambitious international dairy business. We are world leaders in dairy nutrition and our mission is to develop great products that advance the health and performance of consumers and farm animals. Our heritage as an innovative family business inspires us to confront the challenges in our world.

Visa Reinvents the Card, Unveils New Products at Singapore Fintech Festival 2024


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 7 November 2024 – The way people pay and get paid has changed more in the past five years than in the last 50. Consumers have evolved, adapting to new payment experiences – from the advent of embedded, digital commerce to the rapid growth of different payment methods. Visa is announcing a suite of new products and services that will be available in Asia Pacific. These solutions are set to ­reinvent the card and address the future needs of businesses, merchants and consumers, and the financial institutions that serve them.

“The payments landscape is changing rapidly, and it is impacting the interactions between consumers and businesses,” said TR Ramachandran, Head of Products and Solutions, Asia Pacific, Visa. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Visa is showcasing its new products and solutions at Singapore Fintech Festival Hall 2, Booth 2E17. These innovations, which will begin to roll out across Asia Pacific, include:

Visa Flexible Credential

Visa Flexible Credential allows a single card product to toggle between payment methods. Consumers can easily set parameters or choose whether they use debit, credit, “pay-in-four” with instalments or even pay using rewards points all via the same, single Visa credential. Since debuting the Olive card in Japan with Sumitomo Mitsui Card Company (SMCC)[1] just over a year ago, there are now over three million SMCC cardholders taking advantage of the Visa Flexible Credential. The solution is currently available in Hong Kong, Japan, the Philippines, Singapore, Thailand and Vietnam.

Visa’s new wallet payment experience

Utilising its network expertise, Visa will connect different types of payments, giving consumers more ways to pay, regardless of form factor, whether online or offline and at point-of-sale terminals. Soon, consumers will be able to use their everyday wallets to scan and pay at any merchant that accepts Visa via scanning enabled QR codes at merchants outside of their domestic markets.

Visa is working with QR providers, enabling these QR merchant networks to accept Visa payments. Visa is also working with digital wallet partners across the region, to enable users of these wallets to scan these QR codes and pay seamlessly and securely when they travel abroad.

Visa Payment Passkey

Built on the latest Fast Identity Online (FIDO) standards, the Visa Payment Passkey enables a consumer to verify and authenticate their identity, and authorise online payments, with a quick scan of their biometrics like their face or fingerprint using authentication tools made available on their devices. When shopping online, Visa passkeys replace the need for passwords or one-time codes, enabling more streamlined and secure transactions.

Click to Pay

Click to Pay enables consumers to complete online transactions within a few clicks, powering a more seamless and secure checkout experience at scale. Consumers will simply need their registered email, phone number or Visa Payment Passkey to check-out online.

Data Tokens

Using its tokenisation infrastructure, Visa will now offer Visa data tokens, a new way for people to control their data and receive better shopping experiences, powered by AI. This token can be used by the merchant’s AI models to deliver real-time recommendations. Additionally, Visa ensures that consumers can track and manage shared data through their mobile banking app.

Visa Protect for Account-to-Account (A2A) Payments

Visa Protect for Account-to-Account Payments (Visa Protect for A2A) is designed to detect and reduce fraud across immediate account-to-account payments, including P2P digital wallets and QR code payments. Built specifically as a fraud prevention solution for real-time payments,[2] this AI-powered service analyses up to 500 unique risk factors in real-time, providing financial institutions with an immediate risk score to stop fraudulent transactions before they happen.


[2] Real-time payments (RTPs) facilitate near-instant fund transfers between bank accounts or digital wallets held by consumers and businesses.

Hashtag: #SingaporeFintechFestival2024 #VisaFlexibleCredential #VisaPaymentPasskey #ClicktoPay #DataTokens #VPAA



The issuer is solely responsible for the content of this announcement.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at .

SABIC Opens Multi- Million-dollar ULTEM™ Resin Manufacturing Facility In Singapore To Meet Growing Demand In Asia-pacific

The facility caters to high-tech end-user industries, such as Aerospace, Healthcare, 5G, Artificial Intelligence (AI) and Electric Vehicles (EV)


SINGAPORE – Media OutReach Newswire – 7 November 2024 – SABIC, a global diversified chemicals company, today announced the official launch of its new US$170 (S$220) million ULTEM™ resin manufacturing facility in Singapore, marking the company’s first advanced specialty chemical manufacturing facility in the region producing the high-performance thermoplastic, ULTEM™ resin. The new facility is a strategic move to support SABIC’s goal of increasing global ULTEM™ specialty resin production by more than 50%, responding to the growing demand from high-tech and manufacturing industries in the Asia-Pacific region, including Japan and China.

SABIC ULTEM Official Opening
SABIC ULTEM Official Opening

The facility opening was officiated by Ms. Low Yen Ling, Senior Minister of State for the Ministry of Trade and Industry (MTI) and Ministry of Culture, Community and Youth (MCCY), Eng. Khalid H. Al-Dabbagh, Chairman of the Board of Directors of SABIC, Eng. Abdulrahman Al-Fageeh, SABIC Chief Executive Officer, and Mr. Omar Al-Harthi, Deputy Head of Mission, Embassy of the Kingdom of Saudi Arabia in Singapore.

Supported by the Singapore Economic Development Board (EDB), the new Singapore facility reinforces SABIC’s commitment to localize a reliable supply of high performance materials that support complex and demanding supply chain requirements.

Ms. Low Yen Ling, Senior Minister of State for the Ministry of Trade and Industry (MTI) and Ministry of Culture, Community and Youth (MCCY) said, “The opening of SABIC’s new facility underscores Singapore’s role as a leading hub in the Energy & Chemicals sector, and positions us to meet the rapidly evolving demands of high-tech industries across Asia.”

Eng. Abdulrahman Al-Fageeh, CEO, SABIC said, “We’re excited to leverage SABIC’s advanced manufacturing capabilities to produce one of the world’s most advanced plastics in Singapore. The ULTEM resin facility reflects our long-term commitment to the region’s high-tech economies and advanced manufacturing sectors, supporting the growth of advanced applications. Singapore’s widely networked trade agreements also provides us with competitive access to markets in the region.”

Lim Wey Len, Executive Vice President, Singapore Economic Development Board said, “The opening of SABIC’s new ULTEM plant reflects its confidence in Singapore as a hub to capture the growing demand for high-performance specialty chemicals in Asia. We look forward to how the new plant’s advanced manufacturing capabilities will boost our chemicals sector to meet customers’ needs in growth areas such as mobility and electronics. We continue to welcome like-minded partners like SABIC to invest in our talent and capabilities here in Singapore, to create cutting edge material solutions for the world.”

SABIC’s role in Singapore

SABIC has empowered its workforce by enabling global knowledge transfer and upskilling local talent to effectively manage the production of one of the most technologically advanced plastics in the world. This holistic approach to the expansion integrates human capital development and leverages global expertise to establish an Asian hub built on a foundation of regional talent.

SABIC’s advanced materials have become integral to Singapore’s leadership in sustainable, high-tech manufacturing, extending to the automotive, healthcare, and telecommunications sectors through application of high-performance ULTEM™ resin.

With strong support from the Singapore government, the new facility benefits from the nation’s strategic position as a regional hub and its extensive free trade agreements network, enabling SABIC to efficiently serve the region.

Hashtag: #SABIC #ULTEM #Petrochemical #Resin

The issuer is solely responsible for the content of this announcement.

About SABIC

SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. It manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high-performance plastics, and agri-nutrients.

SABIC supports its customers by identifying opportunities and developing end-use applications in key industries: Mobility, Hygiene & Healthcare, Electrical & Electronics, Packaging, Agriculture, Consumer Products, and Building & Construction.

The company has close to 31,000 employees worldwide, serving customers in more than 140 countries. Fostering innovation and a spirit of ingenuity, SABIC has nearly 11,000 patents and pending applications, and has a global network of technology & innovation centers