Austria’s Lenzing Group, a leading supplier of wood-based specialty fibers, has just announced the successful completion of its key lyocell expansion project in Thailand. The new plant, the largest of its kind in the world with a capacity of 100,000 tons per...
United Microelectronics Corporation (UMC), a global semiconductor foundry, announced that it would be building a new USD 5 billion advanced manufacturing facility next to its existing 300mm fab (Fab12i) in Singapore. The new fab will be one of the most advanced...
The government of Thailand has recently approved a new set of incentives targeting the electric vehicles (EVs) sector, including lower excise tax and import duties on auto parts. The incentives aim to promote domestic manufacture of EVs between 2022 and 2025. A...
The Department of Agriculture (DA) through the National Dairy Authority (NDA) and the Department of Trade and Industry (DTI) have partnered with Baladna Qatar Public Shareholding Company (BQPSC) to build a USD 500 million integrated dairy facility in the Philippines....
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,...
