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...
Hilleman Laboratories, an organization with a mission to develop affordable vaccines and biologics against infectious diseases, has announced a first-of-its-kind vaccine and biologics development and manufacturing hub in Singapore. Established with the support of the...
Intel Corp has announced a major investment of over USD 7 billion to build a new chip packaging and testing factory in Bayan Lepas, Penang, in the midst of a worldwide shortage of semiconductors that is expected to last into 2023. The factory is presumably going to...
In December 2021, the LEGO Group signed a Memorandum of Understanding with Vietnam Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new factory in Vietnam. The facility is planned to be the company’s first carbon-neutral factory and will...
John-Richard, a luxury home furniture producer, has announced that it will construct a new furniture factory in Binh Duong Province, with a four-building complex totaling 240,000 square feet under one roof. According to John-Richard, the plant will more than double...
Freeport Indonesia, a joint venture between US-based Freeport-McMoRan and the Indonesian government, has begun to construct copper smelter and precious metal refinery in Gresik Special Economic Zone, East Java. Worth USD 3 billion, the smelter will be developed on a...
