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....
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...
