BREAKING NEWS

BREAKING NEWS

Engie to relocate Asia Pacific headquarters to Singapore

Now Reading :

Engie to relocate Asia Pacific headquarters to Singapore

Engie to relocate Asia Pacific headquarters to Singapore
@ Copyright :
CHARLES PLATIAU(Reuters)
Text size Aa Aa

SINGAPORE (Reuters) - French gas utility Engie SA <ENGIE.PA> said on Monday it will relocate its Asia-Pacific headquarters to Singapore from Thailand's capital Bangkok next year and plans to more than double its workforce in the region over the next decade.

Engie currently employs about 4,000 staff in the Asia-Pacific, which contributes $3 billion (2.34 billion pounds)to its global revenues, the company said in a statement.

gi

"Singapore is a natural choice for us as we grow our footprint in this region," said chief executive of Engie Asia-Pacific Paul Maguire, adding that many of the firm's customers were based in the city-state, with businesses across the region.

Engie in March announced an S$80 million ($58 million) investment plan to build a centre of expertise in Singapore in energy efficiency.

The new headquarters is expected to be fully operational by middle of next year, it said.

($1 = 1.3807 Singapore dollars)

(Reporting by Jessica Jaganathan; editing by Richard Pullin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.