Welsh firms eye up Singapore opportunities

The Welsh Government will take a high-profile trade mission to Singapore next week

Fifteen Welsh businesses from a range of sectors are participating in a trade mission to Singapore next week as they look to expand overseas.

Businesses from sectors including the creative industries, life sciences, advanced manufacturing, ICT and food and drink, are among those heading to Singapore this month as part of a Welsh Government-led trade mission.

Singapore is a leading global business hub, located where the major east and west shipping lanes converge. The nation accounts for half of UK exports to ASEAN, worth £5.6bn in 2014, although some will be re-exported elsewhere. It is one of the UK’s largest trading partners in Asia and one of the few countries with which the UK has a trade surplus.

The Welsh Government is supporting companies to take part in this export market visit and is working with British Singapore Chamber of Commerce to facilitate meetings in the region with like-minded companies and potential customers. The visit will build on existing links with the market.

One of the companies participating in the mission is Aberystwyth-based Rachel’s Dairy, which produces bio-live organic yoghurts, desserts, milk and butter. Rachel’s Dairy would like to further develop their business in Singapore by securing direct deliveries and appointing a local distributor.

International trade manager, Anita Richards, said: “Rachel’s Organic Dairy have been selling a range of products in Singapore for a few years now. The brand is well recognised by both ex-pats and locals. However, our products on sale instore and for online shopping is limited in Singapore so there is scope for an increased range to offer shoppers a wider choice.

“This is one of the reasons why Rachel’s Dairy is joining the trade mission. We want to meet with the key retail buying groups to talk them about increasing their range and also to talk to the buyers about the many alternate uses of Rachel’s Organic Yogurts – such as in cooking and baking.

“I need to identify with the buyers the mechanics of how this can be achieved instore, for example, recipe cards are very popular in the supermarkets in the UK, so would this work in Singapore? While meeting with the buying groups I will reinforce the fact that all Rachels Yogurts are produced in Wales, at the factory in Aberystwyth.

“Rachel’s Dairy uses only local Welsh milk which supports local farmers. The Welsh Government have been very supportive in terms of offering us a place on the trade mission, along with identifying suitable contacts for Rachel’s products.”

Another firm taking part is Cardiff-based Career Change Wales (CCW) Training Academy, which provides specialist training in management, ICT and specialist programmes and is looking to meet potential partners to collaborate on business opportunities and on future student exchange opportunities.

Managing director Mike Tan said: “As an approved i-l-m and BCS training centre, we can design bespoke accredited training courses to suit the needs of our oversea clients. In Wales, we are the leading company offering opportunities for young people in Erasmus+ exchange programmes for the last 5 years.

“We have partners from France, Italy, Spain, Slovenia, Slovakia, Germany, Turkey, Poland, Moldova and Lithuania. We work closely with our partners in Europe to attract students, professionals and the unemployed to Wales. Our huge networks in the Erasmus programme gives us an opportunity to collaborate and to gain cultural experiences, vocational training and the experience in working abroad.

“The impending Brexit means that CCW-Training Academy must now look to establish links on a global market. This Trade Mission opportunity in Singapore presents an ideal platform and workshop to showcase our innovation and expertise in the bespoke exchange programmes which we have successfully delivered for the last few years. We firmly believe in being “proactive rather than re-active.”

The other companies attending the trade mission include: Al-Met, Atticus Digital, Delio, Geolang, Patent Seekers, Pinacl GDA, Russel IPM Ltd, SOFT Care Training & Development, Symltech Ltd, Thermal Compaction Group, Trackcel Ltd, Vessel Protection Solutions Ltd, WE Bridge Academy.