Hyundai Motor’s assembly plant in Singapore is set to begin producing the electric Ioniq 5 in the first half of 2022. The plant is located at the Hyundai Motor Group Innovation Centre in Jurong and is now expected to be finished by April 2022. The plant will...
Germany’s BASF is finalizing a USD 2.6 billion partnership deal with French miner Eramet to invest in a nickel processing facility in Indonesia. The project, which will involve the development of a high-pressure acid leach plant (HPAL) in Weda Bay, Indonesia,...
BOE Technology Group, a Chinese display maker and a supplier to both Apple Inc and Samsung Electronics, intends to invest up to USD 400 million to develop two factories in Vietnam. BOE is in discussions to rent land in the northern region to supplement its relatively...
AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular model, announced that it is working with Mitr Phol, a Thai company that is a leading producer of...
British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility (HPF) in its strategic New Product Introduction site in Jurong, Singapore. The HPF will be...
Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at Singapore’s Pasir Ris Wafer Fab Park. The fab extension will be dedicated to the production of 300...
Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn’s joint venture with Thai energy company PTT, is expected to start operations in 2024 and will have an...
The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) are looking to capitalize on the potential of the growing recreational vehicle (RV) industry to boost the region, and subsequently the Malaysian...
In November 2022, Hyundai Motor Company signed a deal with PT Adaro Minerals Indonesia Tbk, to secure a stable supply of aluminum, a key material required for electric vehicle manufacturing. The collaboration marks Hyundai Motor’s commitment to accelerating the...
Apple is looking to diversify its supply chain outside of China, with Vietnam, India, and Brazil forecasted to make up 30% of Apple supplier’s Foxconn output. Particularly, Vietnam has typically welcomed businesses eager to shift production away from China, including...
Japanese company, Kurabe Industrial, will be investing PHP 2 billion (USD 36.5 million) to expand its manufacturing facility in Lima Estate, Batangas province which is operated by Aboitiz InfraCapital (AIC). The investment will be to purchase a 5.9-hectare plot of...
American Pharmaceutical Company Merck & Co. (MSD) recently announced the opening of a new secondary packaging facility in Singapore. The facility is expected to support the production of vaccines and biologics, including the company’s cancer immunotherapy...
