A new factory has been opened in northern Vietnam by a joint venture between South Korean’s Hyundai Motor and the Vietnamese conglomerate Thanh Cong Group as it seeks to increase output and maintain its dominant position in the market. The plant, located in the...
Thailand’s SCG Chemicals (SCGC), one of the largest integrated petrochemical companies in Asia, is set to build a bio-based ethylene factory producing plastic materials made from plants. The factory will have a production capacity of 200,000 tons per year. It...
Multinational FMCG company, Procter & Gamble (P&G), has established a new facility in the Philippines to produce diapers. The facility is located in Laguna province, with an estimated investment of PHP 864 million (USD 15.74 million). The products to be...
German company Zama Group is continuing to expand its production capacity with the construction of an 11,000-square-meter facility in Batangas, which is expected to be operational by February 2024. According to Zama Philippines president Ronald Wienholts, this new...
The largest semiconductor manufacturer in the world, Intel Corporation (Intel Corp), has committed to investing USD 15.8 billion (MYR 70 billion) in Malaysia over a ten-year period. The company intends to invest approximately USD 6.77 billion (MYR 30 billion) to...
Hyundai Motor’s assembly plant in Singapore is set to begin producing the electric Ioniq 5 in the first half of 2022. The plant is located at the Hyundai Motor Group Innovation Centre in Jurong and is now expected to be finished by April 2022. The plant will...
Germany’s BASF is finalizing a USD 2.6 billion partnership deal with French miner Eramet to invest in a nickel processing facility in Indonesia. The project, which will involve the development of a high-pressure acid leach plant (HPAL) in Weda Bay, Indonesia,...
BOE Technology Group, a Chinese display maker and a supplier to both Apple Inc and Samsung Electronics, intends to invest up to USD 400 million to develop two factories in Vietnam. BOE is in discussions to rent land in the northern region to supplement its relatively...
AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular model, announced that it is working with Mitr Phol, a Thai company that is a leading producer of...
British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility (HPF) in its strategic New Product Introduction site in Jurong, Singapore. The HPF will be...
Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at Singapore’s Pasir Ris Wafer Fab Park. The fab extension will be dedicated to the production of 300...
Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn’s joint venture with Thai energy company PTT, is expected to start operations in 2024 and will have an...
