LG Electronics Establishes First Global R&D Center in Indonesia
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...
Philippines Seen as an Emerging Manufacturing Hub
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...
Swiss Glass Container Manufacturer Constructs USD 23 Million Factory in Johor
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...