British manufacturer Dyson to relocate corporate headquarters to Singapore

British manufacturer Dyson to relocate corporate headquarters to Singapore

British manufacturer Dyson to relocate corporate headquarters to Singapore

Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire.

Dyson's digital motors are manufactured in Singapore.

The firm said in a statement: "An increasing majority of Dyson's customers and all of our manufacturing operations are now in Asia; this shift has been occurring for some time and will quicken as Dyson brings its electric vehicle to market".

British home appliance manufacturer Dyson will transfer its head office's registration to Singapore, a decision that comes just months after it announced that it will set up its first electric vehicle plant here.

"It allows us to make sure we will be putting our best efforts to secure those opportunities, as well as keeping an eye on those investments, especially [electric vehicles] and batteries", he said. The company will continue to invest in its facilities across the United Kingdom (in Malmesbury - the base for its current headquarters - as well as Bristol and London), it said, as well as constructing new laboratories for developing robotics and continuing its energy storage research.

He added that it had "nothing to do with Brexit".

This latest announcement comes after Dyson revealed previous year that it would build its new electric cars in Singapore. "Our Singapore Technology Centre will double in size as we crystallise our investments there, and the Malaysia Design Centre goes into its next phase of development".

Dyson made £4.4bn in revenue for the year ending 31 December 2018, a 28 per cent year-on-year rise thanks to strong sales of its Airwrap Styler and Supersonic hairdryer products.Its profits also broke the £1bn mark for the first time. In April, former president of Infiniti Motor Company and senior vice-president of Nissan Motor Roland Krueger will join Dyson, based in Singapore, "to oversee all aspects of the automotive project as it approaches launch".

He added: "Why on earth would you chuck out researchers with that valuable technology which they then take back to China or Singapore and use it against us?"

Last October announced plans to build an EV manufacturing plant in Singapore, but now it appears a large proportion of the company's executive team and the whole of its head office is following suit.

Tristan Fewings/BFC via Getty ImagesSir James Dyson presents the Special Recognition award for Innovation on stage during The Fashion Awards 2017. Asked if Dyson could still be thought of as British, he said the company would now be referred to as a "global technology company".

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