Singapore’s chemicals output rises by 6.8% year on year in March

26 April 2011 11:51  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s manufacturing output from its chemicals cluster grew by 6.8% year on year in March 2011, with all segments recording higher production figures, the Economic Development Board (EDB) said on Tuesday.

Within the cluster, the output of the specialties and petrochemicals segments grew by 17.7% and 4.2% year on year respectively in March, EDB said in its monthly manufacturing report.

Meanwhile, petroleum throughput rose by 0.9% because of the maintenance shutdowns of some refineries during March, it said.

Cumulatively, output of the chemicals cluster grew by 13% during the January to March 2011 period as compared with the same period a year earlier, EDB said.

Singapore’s manufacturing output grew by 22% year on year in March as factories produced more pharmaceuticals and computer parts, according to the EDB report.

The output of the biomedical manufacturing cluster rose by 57% year on year in March, led by the pharmaceutical segment, which registered a 60.9% growth in its output as a result of a higher value-added mix of active pharmaceutical ingredients being produced, the report added.

By: Nurluqman Suratman

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