LONGi Malaysia Sdn Bhd, a subsidiary of the world-leading photovoltaic panel manufacturer LONGi Green Energy Technology Co. Ltd, has officially inaugurated its Serendah Module Plant in Selangor, marking a significant investment of MYR 1.8 billion (USD 385 million)....
Italian bicycle tire manufacturer Vittoria just announced the opening of a new factory in Thailand dedicated to the production of cotton tubular and clincher bicycle tires. The EUR 20 million (USD 21 million) investment will expand the Vittoria Tires Thailand (VTT)...
Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) investment will see the factory’s production ramped up by 15%, increasing local jobs and accelerating...
In October 2023, Amkor Technology, the world’s largest US-headquartered OSAT (outsourced semiconductor assembly and test) service provider, announced the grand opening of Amkor’s newest factory in Bac Ninh Province, Vietnam. The USD 1.6 billion chip factory will...
The Board of Investment (BoI) of Thailand has recently greenlighted 20 investment projects worth over USD 820 million from Taiwanese electronics companies which are aiming to set up operations in the Southeast Asian country as a base for exports. These players seek...
Guangzhou Automobile Corp (GAC), a leading electric vehicle (EV) manufacturer, recently announced it plans to develop Thailand into a global production hub for its right-hand drive electric car. The company has already started shipping Aion Y Plus EVs to Thailand to...
Japanese electronic parts maker Murata Manufacturing has just opened a new plant in Thailand set to commence production in November 2024. It is expected that the Apple supplier will spend over USD 65 million in manufacturing investment at the plant in northern...
A partnership between Philippine firm Glovax Biotech Corporation and Korean pharmaceutical company, Eubiologics, will involve the building the Philippines’ first vaccine manufacturing facility. The investment is reportedly worth PHP 7.5 billion (USD 132 million)...
According to Mr. Nguyen Thang Vuong, Head of the European and American Markets Division under the Ministry of Industry and Trade, Apple has relocated 11 factories for manufacturing audiovisual devices to Vietnam. According to the list of Apple’s global suppliers...
Alton Industry Ltd Group, a US-based industrial tools provider, plans to invest MYR 2 billion (USD 419 million) in Malaysia, enhancing its manufacturing and research & development operations. Part of this expansion involves creating a new production facility in...
In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily by a sharp decline in the electronics sector. Economists had anticipated a 3.1% year-on-year...
The Lenzing Group, a global manufacturer of specialty cellulose fibers for the textile and nonwoven sectors, has gained EU Ecolabel accreditation for its fibers manufactured in Indonesia. This recognition signifies that Lenzing fibers manufactured in Purwakarta (PT...
