Vietnam has been recently recognized as “the world’s new production base” as the country continues recording optimistic export turnover and huge FDI inflows. In a report released by Savills, the Southeast Asian nation has been shifting from an...
In the third quarter of this year, Foxconn plans to invest USD 8 billion in Indonesia to manufacture electric vehicles (EVs) and batteries. In addition to the cars, the iPhone assembler company will also develop a plant on 200 hectares of an industrial zone in Batang,...
Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia has been positioning its location as a strategic destination for global machinery and equipment...
Toto Ltd. has announced that it will build a new factory for faucets in northern Vietnam to meet growing global demand. Toto will invest about JPY 10 billion (USD 86.9 million) in the new plant. Construction started in January 2022, with operations scheduled to begin...
The FRABA Group has opened a new manufacturing plant in Johor, which is expected to commence operation this coming spring. A major supplier of sensors for industrial motion control applications, FRABA is headquartered in the Netherlands where its holding company is...
The government of Japan has confirmed that it wants to maintain Thailand as its key production base, and has agreed to launch joint plans on green industry and advanced technological development that will involve the Japan External Trade Organization (Jetro) the...
The Department of Trade and Industry’s Board of Investment (BOI) has accredited a Philippine company called Iba Botanicals, Inc., a new essential oil producing company. The company will put up a manufacturing plant in Zambales province with an investment of PHP...
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the business in the region. In January 2022, Lotte Chemical Corp., the group’s petrochemical unit,...
During the Consumer Electronics Show (CES) 2022, Hyundai Motor announced its partnership with San Francisco’s Unity Technologies, where both companies agreed to develop a metaverse platform for Hyundai Motors’ factories. The first meta-factory to be created will...
PT Volta Indonesia Semesta, a joint venture subsidiary of PT NFC Indonesia Tbk and PT SiCepat Ekspres Indonesia, has recently announced plans to produce 60,000 electric motorcycles per year at its newly built factory located in Semarang, Central Java. It will be the...
The Philippines’ manufacturing industry expanded in December 2021 and recorded its highest growth rate in 9 months, according to a monthly survey conducted by IHS Markit. The Purchasing Managers’ Index (PMI) grew to 51.8 in December 2021 and was the...
Ford Motor Company has announced the modernization of its Thailand manufacturing operations with a USD 900 million investment in new technologies and systems. This is the company’s largest-ever single investment in Thailand. Part of the Ford+ plan for growth and value...
