SINGAPORE -- In-flight catering giant SATS is setting the table for a transformation into a diversified food company that serves corporate clients and store customers, reducing its reliance on the aviation sector.
SATS has invested 150 million Singapore dollars ($109 million) to build a food plant in the Jurong Innovation District, an industrial park in western Singapore. Construction of the five-story plant on 20,000 sq. meters of land is slated to finish by 2024. The Singaporean company held a groundbreaking ceremony on April 7.