CP Group Sets up Joint Automotive Venture with China’s Foton

May 1, 2019

Thai conglomerate, Charoen Pokphand (CP) Group and China’s Foton Motor Group have created a joint venture (JV) in Thailand, investing THB 500 million (USD 15.87 million) to manufacture pickups, big trucks, buses and passenger cars.  Foton’s will support CP with...

Chinese Companies Relocate to Vietnam Opening up Labor Opportunities

May 1, 2019

The trade tensions between the US and China have prompted multinational companies to transfer their production facilities from China to Vietnam, resulting in a surge in labor demand. For this year’s first quarter, China was the largest greenfield investor in...

New Rolling Stock Plant Being Opened in Indonesia

Apr 1, 2019

PT Industri Kereta Api Indonesia (PT Inka), Indonesia’s state-owned rolling stock manufacturer, held a groundbreaking ceremony on 2 April for a new rolling stock plant in Banyuwangi, Indonesia. The new plant is developed under partnership with Stadler Rail Group a...