UMW Toyota Motor Sdn Bhd (UMWT) recently announced its plan for local mass manufacturing of Hybrid Electric Vehicles (HEV) in Malaysia with an additional investment of MYR 270 million (USD 63.69 million) to expand its current manufacturing operations and facility. The...
Dow, the global leading materials science company headquartered in the United States, has just announced a plan to expand its propylene glycol (PG) capacity at its existing facility in Map Ta Phut, Rayong, Thailand. This investment aims at supporting growing demand...
Cement firm Holcim Philippines, Inc. is investing PHP 210 million (USD 4.2 million) in projects to reduce the fuel consumption and increase mineral additive usage of its cement plants in Bacnotan, La Union and Lugait, Misamis Oriental, as part of efforts to raise...
Singapore has attracted some USD 179 million in investment from Japanese bicycle-parts maker Shimano, with its upcoming plant in Jurong Innovation District (JID) expected to help meet the rising demand for cycling products. The company is building a facility in the...
In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites. The factory is located in Ha Nam province. Initially, TCV...
KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, Indonesia. The USD 350 million glass factory, in the size of 490,000 square meters in total, is...
AT&S has announced a MYR 8.5 billion (USD 2.04 billion) of proposed investment to build its first South East Asian production site in Malaysia. AT&S is a multinational manufacturer of high-end printed circuit boards (PCBs) and integrated circuit (IC)...
Thailand’s Board of Investment has just approved 24 projects of car manufacturers for the production of electric vehicles, including 6 plug-in hybrid electric vehicles projects, 13 battery electric vehicles projects, and 5 hybrid electric vehicles projects. The...
China’s Zhejiang Huayou Cobalt just announced a partnership with electric vehicle battery maker EVE Energy and other players for a USD 2.08 billion nickel and cobalt project in Indonesia. This will represent Huayou’s third battery nickel smelting project in Indonesia....
GlobalFoundries, the global leader in feature-rich semiconductor manufacturing, today announced it is expanding its global manufacturing footprint with the construction of a new fabrication plant on its Singapore campus. In partnership with the Singapore Economic...
The Department of Trade and Industry – the Board of Investments (DTI-BOI) – is eyeing Japanese pharmaceutical firms to invest in the Philippines. With the developments in health insurance schemes, health systems, and increasing investments in public health, the...
In May 2021, Toyota Motor Vietnam and the Department of Industry – Ministry of Industry and Trade signed a Memorandum of Understanding to support domestic enterprises, specifically to enhance their capabilities and strengthen cooperation between domestic...
