Print media hub to be built at Paya Lebar iPark

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A print media hub will be built at Paya Lebar iPark in Tai Seng Avenue to house print and digital media players all under one roof.

To be built at a cost of more than S$27 million, the new five-storey facility, named Pixel Red, will be developed by mainboard-listed printing solutions provider Teckwah Industrial Corporation.

While Teckwah will take up half of the 23,000-square-metre development for its high-technology output centre, the rest of the space will be tenanted to complementary businesses in print media and related industries, including design, digital media, content development and publishing.

Senior Minister of State for Trade and Industry and National Development, Lee Yi Shyan, said: "We are bringing different players in the industry together, so that different players in the value chain can integrate themselves, can share information, can react faster, as if they are one company. If the other industry clusters can also emulate the print industry, following the Pixel Red model, we will achieve much more productivity improvement."

The centre is slated to be completed in the second quarter of 2014.