On 27 August 2019, Munich-headquartered industrial gases and engineering company, Linde, held a groundbreaking ceremony for a new integrated manufacturing complex to be located and integrated with its existing gasification facility on Jurong Island in Singapore....
In August 2019, the Thailand Board of Investment (BOI) entered into an agreement with eight of the country’s leading universities, aiming to improve linkages between the academic and Manufacturing sectors. The memorandum of understanding signed with Thailand’s...
The Vietnam Timber and Forest Product Association reported it is on track to reach its USD 11 billion export turnover target this year. Around 45% of the country’s timber exports by value go to the US. Exports to the US market were growing by 15-17% annually but...
Mintal Group Co., Ltd, a Chinese-owned company, has been discussing plans with the Provincial People’s Committee (PPC) to build a USD 2 billion ferrochrome, stainless steel and non-ferrous metal factory in Nghi Son economic zone in Thanh Hoa province. Mintal Group and...
On 5 August 2019, Indonesia’s President Joko Widodo signed presidential regulation (Perpres) on electric vehicles (EVs) to provide government support in order to promote the industry in the country. Indonesia is aiming to leverage its abundance of essential...
Malaysia is anticipated to have its first electric vehicle (EV) smart Manufacturing plant soon. A feasibility study has been initiated for a plant to be set up on a 162-hectare site at the Enstek Industrial Park in Nilai, Negeri Sembilan. The park is located within 30...
Toyota Motor Philippines Corp (TMP) recently inaugurated its PHP 1 billion (~USD 19 million) high-technology press line, allowing the company to begin with onshore Manufacturing of side member panels – the first of its kind in the Philippines. The press line...
Singapore-based agriculture technology startup, Nutrition Technologies, raised a series A funding round in July 2019. The round was led by venture capital (VC) firm, Openspace Ventures and SEEDS Capital, the investment arm of Enterprise Singapore, the Singapore...
In July 2019 it was announced that PTT Global Chemical (PTTGC) is planning to develop a Manufacturing facility for recycled plastic pellets. The plant will be a joint venture between PTTGC and Alpla Group Southeast Asia (ALPLA), a global leader specializing in the...
Toyota Motor Corp will invest USD 2 billion to manufacture Electric Vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles to gradually transition to EVs. The company is aiming for EVs to account for half of its global sales by 2025,...
Taiwanese electronics manufacturer Hotayi Electronic (M) Sdn Bhd has invested MYR 1 billion (USD 243 million) in a new 350,000 sq ft plant located in Batu Kawan, Penang. Since 1992, the electronic Manufacturing services company has been operating in Bukit Tengah...
According to a disclosure to the Philippine Stock Exchange, Cirtek Electronics Corp. (CEC), a wholly owned subsidiary of Cirtek Holdings Philippines Corporation (CHPC), won a contract to manufacture components for 5G wireless systems for a US-based technology company....
