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Indian auto component leader Sona BLW Precision Forgings Ltd. (Sona Comstar) has opened a new manufacturing plant in Silao, Mexico, specifically focused on producing driveline solutions for Battery Electric Vehicles (BEVs) in North America. This strategic expansion strengthens Sona Comstar's position as a critical player in the EV
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Leading energy and marine consultancy firm ABL has announced the launch of its Romanian operations to further solidify its presence in the Black Sea region. The new office, strategically located in Constanta, Romania, will provide comprehensive technical services to support the country's burgeoning offshore energy and maritime markets.
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German technology consulting company, Rohde & Schwarz, has unveiled a state-of-the-art facility in Bengaluru, India, marking a significant step forward in their presence within the country. Located in Manyata Tech Park, this new center signifies Rohde & Schwarz's dedication to the Indian market and aligns with the government&
South Korean energy and chemical giant OCI Holdings has officially opened its regional headquarters in Kuala Lumpur, Malaysia. This move signifies a major step in the company's commitment to expanding its presence and influence in Southeast Asia. Strategic Hub for Regional Growth OCI Holdings chairman Lee Woo Hyun
Update (Divestment)
BYD, the world's leading electric vehicle (EV) manufacturer and Tesla's main competitor, has reportedly slowed down its plans to build a factory in Vietnam. This news comes despite an earlier announcement from the Vietnamese government in May 2023. Strategic Shift and Market Realities The decision to
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Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, has unveiled its brand new office space in Bengaluru’s Embassy Manyata Business Park. Spanning a massive 250,000 square feet, this state-of-the-art facility signifies Kyndryl’s dedication to the Indian market and its vision for the future of
Update (Divestment)
Sanyo Chemical Industry Co., Ltd. (Sanyo Chemical) has announced its decision to withdraw from the superabsorbent polymer (SAP) business, a major component in disposable diapers and other hygiene products. This move marks a significant shift in the company's strategic direction as it seeks to enhance profitability and align
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The Volvo Group has announced plans to expand its North American manufacturing presence with a new heavy-duty truck plant in Mexico. This strategic move aims to increase production capacity and support the growth of Volvo Trucks and Mack Trucks in key markets. Boosting Production for Continued Growth Scheduled to open
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WSO2, a global leader in open-source API management, integration, and identity and access management (IAM) solutions, has announced the expansion of its presence in India with the opening of a new office in Bengaluru. This strategic move strengthens WSO2's global network, complementing existing teams in Sri Lanka, Brazil,
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British American Tobacco (BAT) is making a significant move in Hungary, establishing a new smokeless product production center in Pécs and creating 450 new jobs. The HUF 60 billion (EUR 152 million) investment marks a major commitment to the region and positions Pécs as a global hub for BAT'
LEM (SIX: LEHN), a leading manufacturer of current and voltage sensors, is making a significant investment in its future with the opening of a new factory in Penang, Malaysia. This expansion reflects the growing global demand for LEM's products, driven by the increasing need for decarbonization across various
According to Reuters, Swiss bank UBS is reducing its presence in China's private funds market, shutting down a significant portion of its existing funds and laying off staff. The move comes amid cost pressures, fierce competition, and sluggish returns in the Chinese market. * Fund Closures and Staff Reductions:
MGI Tech Co. Ltd. (MGI), a leading life science technology company, announced the opening of its Customer Experience Center (CEC) in São Paulo, Brazil. This new facility is dedicated to supporting the advancement of genomics research and applications in Latin America. Enhancing Healthcare through Education and Experience The MGI Brazil
Linde (Nasdaq: LIN) has announced an expansion in Brazil's renewable energy sector with its subsidiary White Martins set to build and operate a new green hydrogen production facility. This second electrolyzer, a five-megawatt pressurized alkaline plant, will be strategically located next to White Martins’ existing air separation facility
According to Reuters, Apple may set up shop in Indonesia. Following a meeting with Indonesian President Joko Widodo, Apple CEO Tim Cook announced the company will "look at" the possibility of building a manufacturing facility in the country. Why Indonesia? * Growing Market: Indonesia boasts a large and tech-savvy
According to Vietnam Plus, Luxury Japanese department store chain Takashimaya is setting its sights on Vietnam's capital city, Hanoi! The company plans to open a new shopping center in 2026, marking its first international expansion in eight years. Here's what we know about the project: * Mixed-use
The Nemetschek Group, a leading software provider for architecture, engineering, construction, operation, and media (AEC/O) industries, has announced the opening of a new office in Mumbai, India. This marks their second location in the country, building upon their existing shared services, development, and research center in Hyderabad. For the
On April 15, 2024, Honda marked a milestone with the groundbreaking ceremony of its new state-of-the-art spare parts warehouse in Doddaballapura, Bengaluru, Karnataka. This initiative is overseen by Honda Cars India and aims to bolster spare parts operations across its business divisions, including Honda Cars India, Honda Motorcycle & Scooter
Leading Turkish steel profile manufacturer Kocaer Çelik Sanayi ve Ticaret A.Ş. (KCAER) is exploring the possibility of a new factory in Saudi Arabia. This development follows their recent selection as a registered supplier for the ambitious Neom megacity project. KCAER's Board of Directors authorized the launch of
Dentsu MENA, a leading media and advertising network, has officially inaugurated its regional headquarters in Riyadh, Saudi Arabia. This move signifies a major commitment to Vision 2030, the Kingdom's ambitious development program. Dentsu's decision to establish its regional headquarters in Riyadh is a testament to its
According to Reuters, Volkswagen is stepping on the gas in South Africa, announcing a 4 billion rand ($210.67 million) investment to gear up its Eastern Cape plant for the production of a brand new SUV starting in 2027. This move strengthens South Africa's position as Africa'
