Jurong Town Corporation
The Jurong Town Corporation (JTC) is Singapore's principal developer and manager of industrial estates and their related facilities. It offers a wide range of facilities such as industrial land, business park facilities and factories to meet the diverse industrial needs of manufacturers in Singapore.
JTC was established on 1 June 1968. Its primary role then was to take over the function of developing industrial estates. JTC successfully transformed mangrove swamplands into the modern Jurong Industrial Estate. In just 3 years, the landscape in Jurong was altered permanently by the crash development of industrial sites, residential areas and parks.
During the 1970s, JTC pressed on to develop facilities ahead of demand and in the 1980s it developed facilities for hi-tech & capital-intensive industries. It offered better facilities to attract high value-added investors. In the 1990s, JTC adopted new ways to cope with increasing demand and shrinking land resources. For example, it introduced the "stack-up" development that increases land productivity significantly. Currently, its emphasis is on the development of facilities for high technology and capital-intensive industries.
JTC has 30 industrial estates that house more than 5,400 companies. It has developed specialised parks like Business Parks, Wafer Fabrication Parks, Biomedical Park and a Chemicals Hub on Jurong Island. The challenge of the 21st century is to help Singapore accelerate into the Knowledge-based Economy with new initiatives like iPark 21 and the Science Hub at Buona Vista.
JTC also offers its services internationally, and has acted as consultant or joint venture partner in developing industrial parks in several Asia-Pacific countries. Its overseas investments total some S$398 million.
JTC is a statutory board under the Ministry of Trade and Industry. On 15 November 2000, JTC was officially renamed as JTC Corporation.
Chong, V. (2000, Nov 16). It's Now JTC Corporation. The Business Times, p. 4.
JTC Corporation. (2002). Milestones. Retrieved December 27, 2004, from www.jtc.gov.sg/Corporate/overview/milestones.asp
The information in this article is valid as at 2001 and correct as far as we are able to ascertain from our sources. It is not intended to be an exhaustive or complete history of the subject. Please contact the Library for further reading materials on the topic.
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