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....
On 5 July pharmaceutical giant, GlaxoSmithKline (GSK), opened a new continuous manufacturing facility, as well as an expanded production building at its Jurong site, with a total investment of SGD 130 million (USD 96 million). GSK opened its first manufacturing...
Austria-based Lenzing Group has approved the construction of a state-of-the art lyocell (a type of rayon made from wood pulp) fiber production plant in Prachinburi, Thailand, which will be the largest in the world. The plant will have a capacity of 100,000 tons and...
A subsidiary of the Foxconn Technology Group, the world’s largest electronics contract manufacturer, is studying the feasibility of building a TV screen assembly plant in the North of Vietnam. The first phase of this project will cost Foxconn USD 40 million, and is...
Kumpulan Perangsang Selangor Bhd (Perangsang Selangor), a corporate entity owned by the state of Selangor, is buying a 100% stake in Toyoplas Manufacturing, an integrated plastic injection molding firm. The conditional share sale agreement for the acquisition has been...
The Philippines’ Department of Trade and Industry (DTI) is promoting opportunities in the e-vehicle (EV) industry in the country. In a recent high-level roundtable meeting in Seoul, the DTI highlighted the several advantages to South Korean companies who are...
Signaling its third investment in four years, Kimberly-Clark announced a new investment of SGD 25 million (USD 18.3 million) in its factory in Tuas, Singapore, which aims to double its export volume and value by the end of 2022. Funding will be allocated to expand...
A recent report from Krungsri Research estimates that Thai motorcycle production will increase by 2-4% to 2.10-2.15 million units in 2019, thanks to increasing demand coming from both the domestic and foreign markets. The sales volume in 2020 and 2021 will stay around...
Vingroup JSC, one of Vietnam’s largest real estate, tech and retail conglomerates has started construction on its Hanoi based smartphone factory. The VinSmart factory will be located in Hoa Lac Hi-Tech Park and completed in two phases. The first phase will be...
The Ministry of Industry of Indonesia has announced a collaboration with the Industrial Technology Research Institute (ITRI) in Taiwan and management consulting firm, McKinsey, to establish a Digital Capability Center (DCC) for the development of Industry 4.0 in...
Chinese state-owned firm, Sinomach, also known as China National Machinery Industry Co, has finalized its plan to build a 80,000 tons ferronickel plant in Indonesia. The engineering, production and construction contract was signed between Sinomach and Indonesia’s PT...
Nestle Malaysia Bhd announced capital expenditure (capex) of MYR 220 million (USD 52.75 million) for the current year, with the majority, MYR 100 (USD 23.98 million), allocated to expand its factory in Chembong, Negeri Sembilan into ‘the world’s largest Milo...
