Manufacturing Sector Continues to Thrive in Vietnam
Vietnam has been recently recognized as “the world’s new production base” as the country continues recording optimistic export turnover and huge FDI inflows. In a report released by Savills, the Southeast Asian nation has been shifting from an...
Foxconn to Invest USD 8 billion in Indonesia’s Electric Vehicles Sector
In the third quarter of this year, Foxconn plans to invest USD 8 billion in Indonesia to manufacture electric vehicles (EVs) and batteries. In addition to the cars, the iPhone assembler company will also develop a plant on 200 hectares of an industrial zone in Batang,...
Canada’s Eclipse Automation to Establish Its First Asia-based Manufacturing Facility in Malaysia
Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia has been positioning its location as a strategic destination for global machinery and equipment...