Singapore 2010: Rolls-Royce in Singapore push

The fact that European and US companies have been coming to Asia for a long time is not new. It is new when a venerable British company like Rolls-Royce moves the production of what could become its most successful passenger aircraft engine to Singapore to lower its costs and gain market advantage. You rarely see that - the only other real example I can think of is Airbus manufacturing its A320 in China.

It also benefits countries like Singapore that hope to develop an indigenous aerospace industry. Expect more countries to offer incentives to companies like Rolls-Royce as they try to attract investments in this part of the world.