The US has announced its plans to invest more than USD 1 billion in the Philippines’ tech sector to double the number of semiconductor factories in the country. While the Philippines is one of the key centers in the global electronics industry chain, it does not yet...
Brembo, an Italian company leader in braking systems, just commenced construction of its first production site in Thailand. The investment, totaling approximately EUR 40 million (USD 43 million), reflects the Group’s global strategy to expand its industrial presence...
American biotechnology company Kraig Biocraft Laboratories (Kraig Labs) has announced the commencement of a new recombinant spider silk production center in Lam Dong Province of Vietnam. The new facility is located in the heart of Vietnam’s booming silk market and...
Lesaffre, a French manufacturer specializing in fermentation and microorganisms, recently inaugurated its latest venture in Indonesia: a new manufacturing facility dedicated to the production of compressed and dry yeast. The new facility supplements the existing...
In January 2024, Thailand achieved an important milestone in its automotive industry, with the inaugural production of its first domestically manufactured electric vehicle (EV) in Rayong. The unveiling of the New Ora Good Cat EV model, manufactured under the Great...
AbbVie, a leading pharmaceutical company, has initiated a new USD 223 million expansion of its manufacturing facility in Singapore’s Tuas Biomedical Park. This investment aims to bolster AbbVie’s global manufacturing capacity for biologics, generating over...
Ferrotec Holdings Corporation, a prominent global supplier of materials and precision system solutions based in Japan, has unveiled its latest manufacturing facility at Kulim Hi-Tech Park in Kedah, Malaysia. The facility specializes in electromechanical assembly and...
German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the bicycle industry. Instead of being able to rely on long-term commitments, orders are now almost...
According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a factory in central city of Danang. This move is anticipated to contribute to the expansion of...
In January 2024, Nestlé Vietnam announced a USD 100 million investment to increase production capacity at its Tri An coffee factory, located in the southern province of Dong Nai. This will help the company meet growing local and international consumer demand for...
VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen interest in establishing an EV battery manufacturing facility in the Philippines. Its...
Indonesia recently inaugurated Freeport’s expanded copper smelter in Gresik, East Java, coinciding with the government’s forthcoming permanent ban on copper concentrate exports. The USD 250 million project bolsters the processing capacity of Smelting, a...
