The Financial Times has continued its bid for global domination with the opening of a new printing plant in Singapore.
The move comes just weeks ahead of the expected launch of the paper’s Asia edition.
The FT currently has 27,000 of its 460,000 global sales in Asia and is also printed in Hong Kong, Tokyo and Seoul. It has 21 printing sites worldwide. The new printing outlet, at Singapore Press Holdings, will ensure home delivery of the paper by 7.30am in Singapore and will also service FT subscribers in Malaysia.
The FT has a news editing team of 16 in Hong Kong and currently provides a localised version of the US edition for the Asian market. The Asia edition, edited by John Ridding, is expected to launch before the end of this month.
Earlier this year, the newspaper introduced a Chinese language service for its website FT.com.
Financial Times Asia commercial director Su-Mei Thompson said: “Given Singapore’s significance as a regional financial and business centre, the opening of our print site here is an important part of our strategy to expand the FT’s presence in Asia. “With the launch of the Asia edition of the FT and FT.com planned for this autumn, this is an exciting time for us.”
By Dominic Ponsford