Mitsubishi Corporation has entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), Indonesia’s PT Panca Amara Utama (PAU), and the Bandung Institute of Technology (ITB) to conduct a feasibility study in Central Sulawesi,...
SKC Inc, the world’s largest producer of copper foil and part of South Korean conglomerate, SK Group is planning to spend USD 620 million to build its first overseas manufacturing factory for copper foil in Malaysia. SKC has partnered with its copper foil-making unit,...
Swedish oat milk producer Oatly and the Asian heritage beverage giant Yeo Hiap Seng (Yeo’s) have entered into a USD 30 million-worth long-term partnership to produce oat milk in Singapore. The partnership will see Yeo’s managing, operating, and maintaining the new...
The electric vehicles (EVs) sector is rapidly developing in Thailand, with a growing number of foreign players entering the market. The demand for EVs is expected to increase about threefold in 2021, thanks to the support from the Thai government. By 2036, the Thai...
World-class optical sensor producer from Germany, Leuze Electronic GmbH + Co KG, will open its first South East Asia production plant in Melaka, Malaysia. The plant is its second facility in Asia after the opening of its first factory in Shenzen, China in 2006. It...
Auto components maker Uno Minda is planning to set up an office in Thailand to cater to the ASEAN market and strengthen relations with local OEMs, which will have the opportunity to sell their products to one of the fastest-growing automotive firms in India. Founded...
Swedish plant-based milk maker Oatly and Singaporean beverage firm Yeo’s are jointly investing USD 22.3 million in equipment and facility to produce oat milk in Singapore. Yeo’s produces a number of well-known drinks brands that are sold across Asia, including...
Asics, a shoe manufacturer from Japan, plans to move its factories from China to Indonesia. As part of its relocation plan, Asics will build four factories in Java island. Selected regions are Cirebon, West Java; Tegal, Central Java; Pemalang, Central Java. After...
VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, has recently released two important announcements related to the company’s electric car business. In early March 2021, VinFast announced that it signed an agreement with...
Yamaha Motor Philippines, Inc. has launched a PHP 2.7 billion (USD 75 million) expansion of its motorcycle factory in Lima Technology Center in Batangas, and has plans to hire an additional 1,300 workers for the plant. The move is in response to an increase in demand...
Apple has relocated its production facility from China and started to manufacture M1 Mac Mini in Malaysia. This is part of the company’s bigger plan to decentralize its manufacturing operations, as the world’s tech industry is now looking for alternative...
Despite the hope that US-China tensions will ease under President Joe Biden, Apple has not slowed down its supply chain diversification process out of China. According to sources of Nikkei Asia Review, the giant tech company is mobilizing suppliers to expand the...
