Czech automaker Skoda is set to complete a USD 500 million car manufacturing plant in Vietnam by the first quarter of 2025. This development was confirmed during a meeting between Prime Minister Pham Minh Chinh and Klaus Zellmer, CEO of Skoda Group in January. The...
Indonesia’s Investment Minister announced that Apple plans to set up a manufacturing facility in Batam early in 2026 to produce its AirTag tracking devices. The facility will supply 65% of Apple’s global AirTag demand. The small, coin-shaped device is...
Saudi Basic Industries Corporation (SABIC), a Saudi petrochemical major, has officially opened a new SGD 220 million (USD 170 million) resin manufacturing facility in Singapore. This advanced facility marks SABIC’s second production site in Singapore and is...
Unilever Philippines has announced plans to enhance its local manufacturing capabilities and supply chain strategies, reaffirming its commitment to the Philippine market. The company stated that over 90% of its products sold domestically are locally manufactured, with...
Singapore-based solar manufacturer EliTe Solar has officially launched a high-efficiency solar cell production facility in Indonesia, marking a significant expansion into the country’s burgeoning solar energy market. The project, which began with site selection in May...
Hyundai Motor is set to establish a strategic partnership with INOKOM for the assembly of several new automotive models in Malaysia, backed by a significant investment of MYR 2.16 billion (USD 480 million). This collaboration marks Hyundai’s largest investment...
South Korea’s Star Group Ind. (SGI) is set to launch its USD 80 million magnet manufacturing factory, SGI Vina Co., Ltd., in Quang Nam province, Vietnam. The project, which received its investment registration certificate in October 2022, is currently in the...
The Thailand Board of Investment (BOI) has approved a significant investment of THB 10.5 billion (USD 302 million) by UNIQUE Integrated Technology Co., Ltd., a subsidiary of Foxsemicon Integrated Technology Inc. (Fiti Group), to establish a factory focused on...
U.S.-based solar module manufacturer SEG Solar has begun construction on an integrated photovoltaic industrial park in the Kawasan Industri Terpadu Batang (KITB) in Central Java, Indonesia, approximately 390 kilometers east of Jakarta. The facility, spanning over 40...
The Department of Agriculture (DA) and the Korea Agricultural Machinery Industry Cooperative (KAMICO) have signed a memorandum of understanding (MOU) to establish the Philippines’ first agricultural machinery industry complex. The complex will be located on a...
MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu Kawan, Penang. The facility will support the production of wafer fabrication equipment to meet...
In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of Hai Phong. The Swedish company began its investments in the northern coastal city in December...
