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Neways, a leading innovator in mission-critical technology, has announced the construction of a new state-of-the-art manufacturing facility in Klang, Malaysia. This strategic expansion bolsters Neways' global footprint and service capabilities for its extensive clientele. The facility, expected to open in Q4 2024, is projected to create over 200 new
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According to a Reuters report, PepsiCo, a leading U.S. food and beverage company, has pledged an additional $400 million investment in Vietnam. This significant commitment will support the construction of two new manufacturing facilities powered by renewable energy sources. The $400 million will be divided between a beverage factory
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VinFast, a leading Vietnamese electric vehicle (EV) manufacturer, celebrated a major milestone by breaking ground on its first integrated EV manufacturing facility in India. Located in Thoothukudi, Tamil Nadu, the project signifies VinFast's commitment to global green transportation and is expected to create significant economic benefits for the
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South Korean textile giant Hyosung TNC is making a major push into sustainable materials with a $1 billion investment in Vietnam. The company plans to build a factory capable of producing 200,000 tons of Bio-BDO (Butanediol) annually, a key raw material for eco-friendly textiles. Focus on Sustainability Hyosung TNC&
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Chinese automaker Chery International and Vietnamese conglomerate Geleximco Group have joined forces to establish a new automobile factory in Vietnam. The signing ceremony, held on 4 April 2024, marks a significant step for both companies and the Vietnamese automotive industry. The $800 million factory, to be located in Thai Binh
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PepsiCo India announced a significant INR 1,266 crore investment to establish a state-of-the-art flavour manufacturing facility in Ujjain, Madhya Pradesh. This move reinforces their commitment to expanding operations in India and aligns with the "Atmanirbhar Bharat" (Self-reliant India) vision. Key Highlights * The 22-acre facility will significantly increase
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UiPath, a leading enterprise automation and AI software company, has announced significant investments in Saudi Arabia to support the Kingdom's digital transformation journey. This commitment includes opening a new office in Riyadh, launching the Saudi School of Automation, and showcasing its latest AI-powered automation solutions at LEAP 2024.
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Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for cooperation in vehicle manufacturing and renewable energy development. As part of the agreement, Toyota will establish a vehicle manufacturing plant in Kenya, with an initial investment of Ksh 800 million pledged towards the Kenya Thika vehicle manufacturers.
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Moderna, a leading biotechnology company specializing in mRNA therapeutics and vaccines, has finalized an agreement with the Government of Kenya to establish an mRNA manufacturing facility in the country, marking its first such facility in Africa. This partnership aims to provide Kenya and the African continent access to mRNA vaccines,
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Sulzer, an industrial leader in fluid engineering, recently celebrated the grand opening of a new pump test and assembly center in Mexico City. This state-of-the-art facility sits next to their existing pump manufacturing plant and boasts impressive features designed to meet the growing demand for infrastructure projects across the Americas.
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Maersk, a global leader in integrated logistics, has announced the opening of a new 30,000-square-meter facility in Tijuana, Mexico. This strategic move positions Maersk to capitalize on the booming cross-border trade between the United States and Mexico. Tijuana's proximity to major Californian ports like Los Angeles/Long
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Thermo Fisher Scientific, a global leader in scientific services, announced in a press release that it will expand its presence in Indonesia by opening its first official office in Jakarta. Scheduled for April 2024, this move signifies a significant milestone as the company shifts from its current representative office to