Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals
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 to Transform Vietnam into One of its New Manufacturing Hubs
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...
Japan’s Kurabe Industrial Expands Operations in the Philippines
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...