Singaporean steel company Meranti Steel has taken a significant step towards new green steel production in Thailand as it establishes a strategic cooperation with Bangkok Industrial Gas (BIG), a Thai gas and climate technology company. The two parties have just agreed...
FORVIA, a French company that ranks as the world’s 7th largest supplier of automotive technologies, is partnering with BYD for the construction of a new seat-assembly plant in the Rayong province of Thailand. This new facility will produce complete seat sets under...
In July 2023, Singapore-based semiconductor start-up Silicon Box unveiled its USD 2 billion factory in Tampines, designed to manufacture semiconductor chiplet interconnections that can be applied in areas such as artificial intelligence, electric vehicles and...
Malaysia is set to see a boost in its electric vehicle (EV) market, with China’s major automobile manufacturer Chery committing to an MYR 170 million (USD 36.57 million) investment. The move is expected to create 4,000 high-skilled jobs in Malaysia over the next five...
In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, namely the Foxconn Quang Ninh FMMV factory and the FECV Foxconn Quang Ning factory, will be...
In July 2023, LG Electronics Inc., the South Korean household appliance giant, launched its inaugural international research and development (R&D) center in Indonesia. The objective is to expedite TV manufacturing and sales across Asia. Situated in Cibitung, the...
A study conducted by BMI, a Fitch Solutions Company, identified the Philippines as an emerging manufacturing hub in 2023. According to BMI, the Philippines’ exports are expected to increase by nearly 120% in 2023 compared to 2015. This estimate considers the...
Bucher Emhart Glass, a subsidiary of Swiss-listed engineering and manufacturing group Bucher Industries AG has announced an investment of MYR 108 million (USD 23 million) to build a manufacturing plant in the Johor state. The facility will produce 10% to 20% of the...
Kerry, an Ireland-based food company, has officially inaugurated a taste manufacturing facility in Karawang, West Java, Indonesia. Spanning across 50,000 square meters, this facility represents a substantial expansion of Kerry’s portfolio in Southeast Asia,...
Vietnam is emerging as a prominent hub for research and development (R&D) for Samsung and LG, going beyond being a global production center for the companies. Samsung has established an R&D center in Hanoi with 2,200 researchers while LG upgraded its...
Siemens, the global technology conglomerate, has announced a new factory in Singapore for its automation and digitalization products. The factory, expected to be completed by 2026, will cost SGD 290 million (USD 216.1 million) and create more than 400 jobs locally....
Electric vehicle (EV) specialist GAC Aion has recently signed a memorandum of cooperation with a Thai dealer to officially enter the Thai market, initiating the brand’s internationalization. The company has also announced that it is preparing plans for...
