In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, namely the Foxconn Quang Ninh FMMV factory and the FECV Foxconn Quang Ning factory, will be...
In July 2023, LG Electronics Inc., the South Korean household appliance giant, launched its inaugural international research and development (R&D) center in Indonesia. The objective is to expedite TV manufacturing and sales across Asia. Situated in Cibitung, the...
A study conducted by BMI, a Fitch Solutions Company, identified the Philippines as an emerging manufacturing hub in 2023. According to BMI, the Philippines’ exports are expected to increase by nearly 120% in 2023 compared to 2015. This estimate considers the...
Bucher Emhart Glass, a subsidiary of Swiss-listed engineering and manufacturing group Bucher Industries AG has announced an investment of MYR 108 million (USD 23 million) to build a manufacturing plant in the Johor state. The facility will produce 10% to 20% of the...
Kerry, an Ireland-based food company, has officially inaugurated a taste manufacturing facility in Karawang, West Java, Indonesia. Spanning across 50,000 square meters, this facility represents a substantial expansion of Kerry’s portfolio in Southeast Asia,...
Vietnam is emerging as a prominent hub for research and development (R&D) for Samsung and LG, going beyond being a global production center for the companies. Samsung has established an R&D center in Hanoi with 2,200 researchers while LG upgraded its...
Siemens, the global technology conglomerate, has announced a new factory in Singapore for its automation and digitalization products. The factory, expected to be completed by 2026, will cost SGD 290 million (USD 216.1 million) and create more than 400 jobs locally....
Electric vehicle (EV) specialist GAC Aion has recently signed a memorandum of cooperation with a Thai dealer to officially enter the Thai market, initiating the brand’s internationalization. The company has also announced that it is preparing plans for...
Sercomm Philippines, a manufacturer of networking equipment, has recently increased its production capacity by opening a PHP 2.5 billion (USD 45 million) factory Laguna, Philippines. The CEO of Sercomm Philippines also announced that the new facility, situated in...
Sweden’s Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, infrastructure, and fenders. The investment is part of a larger restructuring project where Trelleborg...
EG Industries Berhad, Malaysia’s leading Electronic Manufacturing Services (EMS) and Vertical Integration provider, has partnered with Yamaha Motor Co., Ltd., one of the biggest motorcycles manufacturers for the setting up of a 5G automated intelligent SMT production...
In early May 2023, global technology company Dyson announced plans to accelerate its international advanced manufacturing capabilities and global R&D footprint. These new developments, which are part of the company’s ongoing USD 3.5 billion investment plan,...
