In January 2024, Thailand achieved an important milestone in its automotive industry, with the inaugural production of its first domestically manufactured electric vehicle (EV) in Rayong. The unveiling of the New Ora Good Cat EV model, manufactured under the Great...
AbbVie, a leading pharmaceutical company, has initiated a new USD 223 million expansion of its manufacturing facility in Singapore’s Tuas Biomedical Park. This investment aims to bolster AbbVie’s global manufacturing capacity for biologics, generating over...
Ferrotec Holdings Corporation, a prominent global supplier of materials and precision system solutions based in Japan, has unveiled its latest manufacturing facility at Kulim Hi-Tech Park in Kedah, Malaysia. The facility specializes in electromechanical assembly and...
German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the bicycle industry. Instead of being able to rely on long-term commitments, orders are now almost...
According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a factory in central city of Danang. This move is anticipated to contribute to the expansion of...
In January 2024, Nestlé Vietnam announced a USD 100 million investment to increase production capacity at its Tri An coffee factory, located in the southern province of Dong Nai. This will help the company meet growing local and international consumer demand for...
VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen interest in establishing an EV battery manufacturing facility in the Philippines. Its...
Indonesia recently inaugurated Freeport’s expanded copper smelter in Gresik, East Java, coinciding with the government’s forthcoming permanent ban on copper concentrate exports. The USD 250 million project bolsters the processing capacity of Smelting, a...
Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, NexV Manufacturing Sdn Bhd. to construct a MYR 600 million (USD 127 million) green technology...
The Philippine Economic Zone Authority (PEZA) announced that four electric vehicle manufacturers were considering the Philippines as a manufacturing base. These include two Chinese electric vehicle manufacturers, one American maker of e-buses, e-heavy equipment, and...
Japanese automaker Honda Motor has started producing its electric vehicles (EVs) in Thailand and will begin selling them in the Southeast Asian country in the first quarter of 2024. Honda has thus become the first Japanese manufacturer to produce passenger EVs in...
Canadian Solar, headquartered in Guelph, Ontario, recently announced that it is establishing a 5 GW solar photovoltaic (PV) wafer production facility in Chonburi, Thailand. The company is building an advanced solar photovoltaic N-type wafer manufacturing plant with an...
