Asia Pacific Metalworking Equipment News – Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control https://www.equipment-news.com As Asia’s number one English metalworking magazine, Asia Pacific Metalworking Equipment News (APMEN) is a must-read for professionals in the automotive, aerospace, die & mould, oil & gas, electrical & electronics and medical engineering industries. Fri, 01 Nov 2024 02:44:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 RIDDARA, GEELY’s Subsidiary Debuts EV Pickup RD6 In Thailand https://www.equipment-news.com/riddara-geelys-subsidiary-debuts-ev-pickup-rd6-in-thailand/ Fri, 01 Nov 2024 02:14:15 +0000 https://www.equipment-news.com/?p=34339 RIDDARA unveils the RIDDARA RD6, the first 100% EV pickup truck in Thailand, redefining a boundless lifestyle. The starting price is THB 899,000 (US$26.6k). Source: The Nation Featuring the innovative M.A.P (Multiplex Attached Platform), it combines the capabilities of a pickup with…

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RIDDARA unveils the RIDDARA RD6, the first 100% EV pickup truck in Thailand, redefining a boundless lifestyle. The starting price is THB 899,000 (US$26.6k).
Source: The Nation

Featuring the innovative M.A.P (Multiplex Attached Platform), it combines the capabilities of a pickup with those of an electric vehicle. With a standout premium design and SUV-level comfort, it offers a new definition of a pickup truck that meets the needs of modern family lifestyles, accompanying every achievement and adventure. The starting price is 899,000 baht (US$26.6k).

Ling Shiquan, CEO of RIDDARA New Energy Automobile Co., Ltd., revealed the overall picture and operational direction of the “RIDDARA” brand at the official brand launch press conference in Thailand.

He stated RIDDARA is an electric pickup brand under GEELY Holding Group, a leading global automotive conglomerate committed to developing new energy vehicles. RIDDARA leverages the strengths in technology, manufacturing, and quality control from GEELY Holding as a foundation to create an electric pickup that will redefine lifestyles by combining the capabilities of a pickup that can adapt to diverse road conditions with the smooth and comfortable driving experience of an SUV, catering to the lifestyles of modern families and delivering an exceptional experience typical of electric vehicles with modern innovations.

After becoming the number one electric pickup brand in China, with a market share of 60% in 2023, RIDDARA is ready to expand into the global market to deliver new experiences and create unique outdoor lifestyles for customers worldwide.

Ling added about RIDDARA’s operational plans in Thailand, stating,

“In recent years, the automotive market in Thailand has embraced significant changes, driven by government policies that seriously support the development of new energy vehicle industries. This has led to the introduction of new energy personal vehicle brands into the market, which have gained widespread popularity in Thailand.

Meanwhile, the pickup truck segment remains the most crucial production base in the ASEAN region, still facing various challenges and diverse demands that await fulfilment. As a result, RIDDARA is heavily investing in research and development to comprehensively enhance our products by integrating electric technology and intelligent driving innovations into the pickup truck industry.

We hope that this research and development effort will drive significant transformations in the pickup truck sector. We are confident that our first RIDDARA model will introduce a new dimension of driving that combines the robust performance typical of pickup trucks with the smooth and comfortable driving experience of SUVs, catering to the lifestyles of modern families.

This includes impressive acceleration, low energy consumption, and robust safety features, along with proven capabilities to handle adverse conditions, as evidenced by our involvement in assisting during the recent severe flooding in Chiang Mai. Overall, the RIDDARA RD6 aims to transform the perception of pickup trucks in Thailand, combining practicality with modern technology and a focus on environmental sustainability”, Ling wrapped.

RIDDARA was officially launched in China in 2022 as a brand under the GEELY Holding Group, a globally recognized leader in automotive technology and innovation. GEELY Holding Group is consistently ranked among the world’s top brands in the Fortune Global 500 and currently manages several leading automotive brands across various segments, including ZEEKR, LYNK&CO, VOLVO, POLESTAR, and LOTUS. RIDDARA focuses on new energy pickup trucks to promote a new lifestyle for consumers while adhering to a consumer-centric management principle.

 

 

 

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Thailand Clamps Down On Cheap Substandard China Goods https://www.equipment-news.com/thailand-to-clamp-down-on-cheap-substandard-imports-china-goods/ Fri, 01 Nov 2024 01:35:42 +0000 https://www.equipment-news.com/?p=34335 A new task force was set up to enforce stricter quality controls and curb illegal business practices after complaints from local small businesses on China goods. Source: The Nation Commerce Minister Pichai Naripthaphan held a meeting with 16 government agencies…

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A new task force was set up to enforce stricter quality controls and curb illegal business practices after complaints from local small businesses on China goods.

Source: The Nation


Commerce Minister Pichai Naripthaphan held a meeting with 16 government agencies to discuss measures to crack down on the import of cheap, substandard China goods and on nominees for Chinese businesses. After the meeting, Pichai announced that the crackdown should yield tangible results within a month.

Representatives of 16 government agencies are on the committee in charge of solving issues related to foreign goods and illegal businesses. Prime Minister Paetongtarn Shinawatra set up the committee on 25 October 2024 after Thai SMEs complained that their products could not compete against the cheap goods from China.

When speaking to the press, Pichai did not directly blame China for the issues, but it is known that cheap China-made goods are available via online platforms like Temu and Lazada. Also, he said, many Chinese people reportedly use Thai nominees to run businesses, especially in the Huay Kwang area, which is known as Bangkok’s second Chinatown.

Pichai said he had conveyed the prime minister’s concerns about the influx of cheap goods from abroad at the meeting, adding that the committee will work hard to achieve tangible results within a month.
 
Protecting Thai Producers

Pichai said the committee has set up two subpanels, both of which are chaired by Deputy Commerce Minister Napinthorn Srisanpang. The first subcommittee is in charge of supporting Thai SMEs and cracking down on poor-quality goods from abroad. It will set up measures for controlling goods’ quality and will negotiate with online platforms to control the quality of imported products.

The second subcommittee will be in charge of cracking down on nominees of foreign businesses, Pichai said. While avoiding the phrases “goods from China” and “nominees for Chinese businesses”, Pichai said he had discussed the issues with the Chinese ambassador to Thailand Han Zhiqiang on 26 September 2024.

Pichai said the ambassador had told him that China would cooperate with Thailand on the issues, as it wanted to maintain good ties with the kingdom. Pichai added that he will travel to China from November 4 to 6 and will discuss the issues with senior officials there.

“We need to consult on the matter because Thailand still has to depend on China for trade and investments,” Pichai said. “Thailand needs China’s support on several goods, such as tapioca, cows and steel. We hope the two countries can depend on each other without affecting Thai manufacturers.”

Pichai added that the Chinese online retailer Temu has contacted his ministry, saying it will soon set up a company in Thailand and will strictly observe Thai laws.

“We should see tangible results as instructed by the prime minister within 30 days,” he said.

Controls On Food Products

The minister added that the Thai Food and Drug Administration will also step up measures to screen imported fruit and vegetables to ensure Thais are not harmed. Speaking at the same press conference, Yutthana Poolpipat, Deputy Director-General of the Customs Department, said his department would from now on allow the import of goods that meet standards set by the Thai Industrial Standards Institute (TISI).

FDA secretary-general Surachoke Tangwiwat said his agency will step up the screening of imported food products transported from border markets to selling sites in Bangkok and other provinces.

He added that the FDA will cooperate with the Public Health Ministry to check fresh food products on sale at markets every week to ensure consumers are safe. Songsiri Jumpol, deputy secretary-general of the Office of the Consumer Protection Committee, said the agency will ensure that all goods sold in Thailand carry labels displaying product quality, not just those controlled by the FDA.

Nonthichai Likitaporn, director of the TISI’s standards division 1, said the institute is cooperating with the Customs Department to close all channels for importing substandard goods.

 

 

 

 

 

 

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Manufacturing Index For Thailand Slips In September https://www.equipment-news.com/manufacturing-index-for-thailand-slips-in-september/ Fri, 01 Nov 2024 01:10:24 +0000 https://www.equipment-news.com/?p=34331 Thailand’s Manufacturing Production Index (MPI) fell by 3.5% year-on-year to 92.4 points in September, due mainly to sluggish car and construction industries, while the outcome of the US presidential election may pose a fresh challenge in Q4 2024, says the…

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Thailand’s Manufacturing Production Index (MPI) fell by 3.5% year-on-year to 92.4 points in September, due mainly to sluggish car and construction industries, while the outcome of the US presidential election may pose a fresh challenge in Q4 2024, says the Office of Industrial Economics (OIE).
Source: Bangkok Post

The decline in September led to the MPI dropping in the third quarter by 1.2% year-on-year to 94.7 points, with capacity utilisation standing at 58.2%. Passakorn Chairat, acting director-general of the OIE, attributed the decrease in the September MPI to the domestic economic slowdown, people’s weak purchasing power and the high level of household debt.

“Car manufacturing in the country continued to decrease, declining for a 14th consecutive month,” he said.

Total car production, especially pickups, small passenger cars, and hybrid electric vehicles with an engine size of more than 1,800cm3, plunged by 23.4% year-on-year in September. One major reason behind the sluggish level of car production is banks’ stricter criteria in granting auto loans for fear of non-performing loans.

The production of concrete, cement and plaster decreased by 8.9% year-on-year due to a slowdown in public and private construction projects amid the high level of household debt. Prices of construction materials and residential buildings also increased in September.

According to the OIE, the production of canned food produced from aquatic animals soared by 49.9% year-on-year this month, thanks to more purchase orders from the US, Canada and Australia to stockpile the products ahead of the year-end festivities.

Thai entrepreneurs continue to face challenges in this year’s final quarter, including concerns about the prolonged period of weak purchasing power among consumers, signs of an economic slowdown in the US as well as concerns over who will become the next US president. The US election takes place on 5 November 2024, with Republican candidate and former president Donald Trump competing neck and neck with Democratic candidate and Vice-President Kamala Harris.

“There will be companies affected or benefiting from the new US administration. I suggest manufacturers adapt themselves and better manage their resources,” said Mr Passakorn. He encouraged factories to use more clean energy in line with global efforts to reduce carbon dioxide emissions.

 

 

 

 

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C919 Manufacturer Comac Sets Up Shop In Singapore https://www.equipment-news.com/c919-manufacturer-comac-sets-up-shop-in-singapore/ Fri, 01 Nov 2024 00:43:29 +0000 https://www.equipment-news.com/?p=34326 China’s leading aircraft manufacturer, Comac, opened an Asia-Pacific office in Singapore, marking a significant step towards challenging Boeing and Airbus in the international aviation market. Source: Bangkok Post It is hoped the Commercial Aircraft Corporation of China (Comac) office would…

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China’s leading aircraft manufacturer, Comac, opened an Asia-Pacific office in Singapore, marking a significant step towards challenging Boeing and Airbus in the international aviation market.

Source: Bangkok Post


It is hoped the Commercial Aircraft Corporation of China (Comac) office would become a launch pad for China’s home-grown C919 narrowbody airliner and its ARJ21 regional jet in Southeast Asia. Also on 29 October 2024 (Tuesday), an ARJ21 belonging to Indonesian airline TransNusa completed its maiden 2,700 km flight between Manado in Indonesia and the southern Chinese city of Guangzhou, which marked the longest commercial route for China’s home-grown regional aircraft.

TransNusa is the first overseas airline to operate the ARJ21, with three in service on routes between Indonesian islands, as well as Kuala Lumpur in Malaysia. Despite opening an office in Singapore on Monday as a strategic showroom, analysts said the state-owned aircraft manufacturer still needed to extend the reach of maintenance and tech support services beyond China.

“Aircraft manufacturers of global stature all need to knit a worldwide network of offices to better support customers and pitch for orders,” said Mayur Patel, the Asia head for Singapore-based global industry data provider OAG Aviation. For the C919 maker, this is significant as a step closer to such stature.”

Comac said that the new office in Singapore would enable closer and more comprehensive services for clients in the region, including international airlines, maintenance partners and suppliers. The office would also promote technical exchanges and guarantee supply chains in the region, it added.

Comac had picked the city state to showcase the C919 and ARJ21 to an international audience for the first time during February’s Singapore Airshow. 

“The Singapore office can be a node and platform to engage with prospective buyers in the fast growing region of Asia-Pacific, in particular Southeast Asia … you set up shop in a place where you are most certain to win more business,” Patel added.

The C919, China’s equivalent to Boeing and Airbus’ bestselling and most lucrative single-aisle models, has already secured orders from GallopAir, a new carrier in Brunei that is set to commence service by the end of the year. Laos also indicated interest in the jets during a visit by Premier Li Qiang earlier this month.

In a joint communique, China praised Laos’ intention to cooperate on Chinese commercial aircraft and welcomed its aviation enterprises to introduce the aircraft, although neither the C919 or ARJ21 were named. There have also been reports suggesting Comac is set to open an office in Hong Kong.

“Assuming that Comac can sell the C919 overseas, it is yet to have a full corresponding engineering team to perform aftermarket services, even in regions as close as Southeast Asia,” said Li Hanming, the founder of a US-based aviation consultancy. Comac has to expand its presence to become a contender that can be taken seriously, when Boeing and Airbus have a network of sales and maintenance facilities around the world and spare parts support at virtually all major airports.”

 

 

 

 

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Faccin Group’s Groundbreaking Innovations In Metal-Rolling Technology https://www.equipment-news.com/faccin-groups-groundbreaking-innovations-in-metal-rolling-technology/ Fri, 25 Oct 2024 08:49:23 +0000 https://www.equipment-news.com/?p=34314 Faccin Group, specialising in crafting cutting-edge plate rolls, angle rolls, head forming lines, and special machines for diverse industrial applications, unveiled three innovative products simultaneously at EuroBLECH2024. Written by: Donatella Fumagalli – FACCIN Group’s Marketing Manager Established in the 1960s,…

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Faccin Group, specialising in crafting cutting-edge plate rolls, angle rolls, head forming lines, and special machines for diverse industrial applications, unveiled three innovative products simultaneously at EuroBLECH2024.

Written by: Donatella Fumagalli – FACCIN Group’s Marketing Manager


Established in the 1960s, the company has grown significantly, becoming a global frontrunner in metal-forming equipment, known for its quality and innovation. The group’s unwavering commitment to excellence are clearly reflected in its three signature brands: Faccin, Roundo, and Boldrini.

By nurturing strategic collaborations, the group leverages each brand’s strengths, maximising their collective potential and resources. This vast expertise, combined with a top-notch research and development team of skilled engineers, has enabled Faccin Group to unveil three innovative products simultaneously at EuroBLECH (stand D07 in Hall 11).

These include the Faccin wireless control system, the pioneering CNC console, and the 4-roll electric-drive plate roll. These advancements not only showcase the group’s dedication to excellence but also underscore their commitment to enhancing metal-forming technology capabilities for their clients.

Wireless Control System: The Future Of Smart CNC Operations

Faccin wireless control system for free movement and maximum control

Faccin’s innovative wireless control system lets operators oversee the entire rolling process and all machine accessories. This remote device links wirelessly to the CNC console, featuring a screen that mirrors the console’s display in real-time.

Light and portable, it comes with a shoulder strap. It works as an extension of the main console, giving operators unmatched freedom of movement and manage rolling process more easily and effectively.

The ability to move freely is crucial, letting the operator stop and access the machine when needed, boosting safety. The wireless control also has four side customisable buttons, plus a big joystick to control pre-axis rotation.

Main benefits:

  • Makes machine start-up easier for operators
  • All machine commands can be managed by the wireless control system
  • New command to set the maximum translation and rotation speed of the rolls
  • Allows precise micro-positioning
  • Enables proportional movements, thus regulating variable speed with joysticks
  • Permits multiple movements contemporaneously (particularly useful when rolling complex and polycentric shapes)
  • Simple one-step operation, especially useful for big rolling machines
  • Full automation

Cutting-Edge Ergonomic Console With Advanced Siemens PGS-Absolute

Faccin ergonomic console for total automation

The latest ergonomic console, coupled with wireless control system as standard, and Siemens PGS-Absolute software, is poised to set a new standard in the metal forming sector. Carefully selected advanced features transform Faccin CNCs into the quickest, most accurate, and most powerful full CNC systems available today for rolling equipment.

The CNC console, equipped with the newly developed Siemens PGS-Absolute software, offers a range of features aimed at increasing automation, improving machining output, delivering superior finishes, and ensuring part uniformity. Its strengths include straightforward programming, fine-tuning, complex shape creation, and production management tools. It also provides complete automation capabilities, enhanced measurement and correction tools, and advanced diagnostics.

Key features:

  • Rotating, high-definition 19″ screen
  • Innovative and ergonomic design
  • Larger joysticks and fewer buttons for easier operation
  • User-friendlyinterface

Innovative Electric-Drive Rolling Technology

Faccin electric-drive 4EDL: Cost-effective, productive plate rolling

The newly engineered and precise electric-drive plate roll with linear guides, Faccin 4EDL series, blends hydraulic movement of the lower rolls with electric rotation of the top roll. This special feature makes the 4EDL the most cost-effective and productive rolling solution.

This advanced plate rolling machine ensures automation, consistency, and easy bending of thin and thin-medium plates. It boasts high-speed rolling up to 10m/min, a notable 35% drop in energy use, a big 50% cut in oil waste, and quiet operation with up to 10-15 db noise reduction.

Carefully designed and made in-house, each part has been chosen to offer top efficiency and ease of use. The new 4EDL can be fitted with tech-based accessories to boost productivity to the max.

 

 

 

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Mass Exodus Of South Korean Doctors To Vietnam https://www.equipment-news.com/mass-exodus-of-south-korean-doctors-to-vietnam/ Thu, 24 Oct 2024 08:17:40 +0000 https://www.equipment-news.com/?p=34309 Many South Korean doctors in various specializations, unhappy with working conditions back home, have been applying for jobs in Vietnam this year. Source: Vietnam Express More than 30 South Korean doctors took a health test late September and are now…

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Many South Korean doctors in various specializations, unhappy with working conditions back home, have been applying for jobs in Vietnam this year.
Source: Vietnam Express

More than 30 South Korean doctors took a health test late September and are now preparing for an English exam to be held at the HCMC University of Medicine & Pharmacy within two months, South Korean newspaper The Chosun Daily reported. Foreign doctors from nations with advanced healthcare systems are not required to pass local qualification exams to work in Vietnam, but need to furnish the professional licenses issued in their home countries and undergo a health check and an English test.

A representative of a company that helps translate and notarize documents for foreign doctors said many South Korean cosmetic surgeons, dermatologists, dentists, and emergency medicine specialists are interested in working in Vietnam. Many are looking for career opportunities in Vietnam this year, unhappy with the working conditions at private clinics in their country and enticed by those available in the latter nation.

A private medical facility in Hanoi offers a 44-hour work week, a monthly salary of 30 million won (US$22,000) and $800 in housing assistance to South Korean doctors. In South Korea, doctors have been at odds with the government over a plan to boost medical school admissions by 2,000 per year.

Some 12,000 trainee doctors walked out in February to protest the change, resulting in widespread cancellations of surgeries and other essential treatments. The government has since made several attempts to alleviate the pressures on the country’s medical system. The strike is ongoing.

The number of emergency room doctors has declined by 42% at hospitals across the nation, with seven of them contemplating partial closure of emergency rooms, Yonhap News Agency reported last month, citing a medical professors association.

 

 

 

 

 

 

 

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Government Urged To Increase Support For Thailand Property Sector https://www.equipment-news.com/government-urged-to-increase-support-for-thailand-property-sector/ Thu, 24 Oct 2024 07:30:12 +0000 https://www.equipment-news.com/?p=34300 Leading economists called for increased government support for Thailand’s property sector, warning of a prolonged slowdown and its potential negative impact on the broader economy. Source: The Nation CIMB Thai Bank’s Amonthep Chawla emphasised the need for structural changes in…

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Leading economists called for increased government support for Thailand’s property sector, warning of a prolonged slowdown and its potential negative impact on the broader economy.

Source: The Nation


CIMB Thai Bank’s Amonthep Chawla emphasised the need for structural changes in the property sector. He suggested shifting the focus towards providing services for the elderly, catering to health trends and attracting foreign investors.

“Stimulating the real estate sector can have a ripple effect on the economy, as it involves labour, construction and other industries,” he explained.

The bank recommended easing loan-to-value (LTV) ratios and debt-to-income (DSR) criteria to facilitate home purchases. While Thailand’s household debt levels are relatively low compared to other countries, Amornthep noted that the sector’s multiplier effect on the economy makes it a worthwhile target for government support.

Kanyarat Kanjanavisut from the Economic Intelligence Centre (EIC) concurred, highlighting the sector’s importance to Thailand’s GDP. She predicted a continued slowdown in the real estate market for the next 2-3 years due to oversupply and sluggish demand.

The EIC urged the government to implement stimulus measures, such as further relaxing LTV ratios, to boost demand and reduce the inventory of unsold properties. However, she cautioned that the ultimate recovery of the sector would depend on improving overall purchasing power, particularly among lower-income households.

Kasikorn Research Centre’s Kanchana Chokpaisansilp echoed these concerns, noting a decline in home loans and the need for more comprehensive economic support.

“While stimulus measures can help, they should be accompanied by broader efforts to boost purchasing power and address the underlying economic challenges,” she said.

Overall, economists agree that targeted government interventions are essential to revitalise Thailand’s property sector and mitigate its negative impact on the broader economy.

 

 

 

 

 

 

 

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AI PC Shipments To Reach 43% Of Global PC Market By 2025 https://www.equipment-news.com/ai-pc-shipments-to-reach-43-of-global-pc-market-by-2025/ Thu, 24 Oct 2024 07:13:10 +0000 https://www.equipment-news.com/?p=34292 AI PC will be the only choice of laptop available to large businesses by 2026, given its prowess to process large volumes of data within a short time. Source: The Nation AI PC shipments are projected to reach total 114…

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AI PC will be the only choice of laptop available to large businesses by 2026, given its prowess to process large volumes of data within a short time.

Source: The Nation


AI PC shipments are projected to reach total 114 million units in 2025, an increase of 165.5% from 2024, according to a new forecast from Gartner, Inc.

Gartner defines AI PC as a PC with an embedded neural processing unit (NPU) and uses this classification for the forecast. AI PC include PCs with NPUs attached to Windows on Arm, macOS on Arm and x86 on Windows PCs.

Gartner forecasts AI PC shipments to reach 43 million units in 2024, a 99.8% increase from 2023 (see Table 1). 

“The debate has moved from speculating which PCs might include AI functionality, to the expectation that most PCs will eventually integrate AI NPU capabilities,” said Ranjit Atwal, Sr Director Analyst at Gartner. “As a result, NPU will become a standard feature for PC vendors.”

Gartner forecasts AI PCs will represent 43% of all PC shipments by 2025, up from 17% in 2024. The demand for AI laptops is projected to be higher than that of AI desktops, with shipments of AI laptops to account for 51% of total laptops in 2025.

The Future Of AI Laptops

Gartner predicts that by 2026, AI laptops will be the only choice of laptop available to large businesses, up from less than 5% in 2023.

“As the PC market moves from non-AI PC to AI PC, x-86 dominance will reduce over time, especially in the consumer AI laptop market, as Arm-based AI laptops will grab more share from Windows x86 AI and non-AI laptops,” said Atwal. “However, in 2025, Windows x86-based AI laptops will lead the business segment.”

Businesses recognise the evolving landscape of technology, foreseeing AI and GenAI as pivotal components in the future.

“The question for businesses is which AI PC to buy rather than should they buy one,” said Atwal. “However, businesses are unlikely to pay a premium for AI features but will purchase AI PCs for future-proofing and because this is their only choice that offers a more secure and private computing environment.”

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Vietnam Estimates China Rail Link Will Cost US$7.2 Billion https://www.equipment-news.com/vietnam-estimates-china-rail-link-will-cost-us7-2-billion/ Fri, 18 Oct 2024 03:17:16 +0000 https://www.equipment-news.com/?p=34276 Vietnam has estimated the cost of building a new railway linking it with China’s Yunnan province at VND 179 trillion ($7.2 billion). Source: Bangkok Post The 427-kilometre railway would run from the border province of Lao Cai through the capital…

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Vietnam has estimated the cost of building a new railway linking it with China’s Yunnan province at VND 179 trillion ($7.2 billion).

Source: Bangkok Post


The 427-kilometre railway would run from the border province of Lao Cai through the capital Hanoi and port city of Haiphong to Ha Long City, the official Vietnam News Agency reported. Vietnam has been seeking to upgrade its aging railway systems, including plans to build a high-speed railway running along the length of the country and lines linking with China, its largest trading partner.

Vietnam Railway Authority has submitted the plan to build the Lao Cai-Ha Long railway to the transport ministry for review and approval, the report said. Construction of the railway is expected to begin in 2030, it said, adding that transportation demand along this railway link is estimated at 8.3 million passengers and 17.5 million metric tonnes of cargo a year by 2050.

Vietnam has approached China for technology and funding for its plans to develop railways linking the two countries, which are already connected by a system of highways and two railway lines that are old and need upgrading on the Vietnam side. The two Asian neighbours have repeatedly showed interest in boosting rail links, and recent visits to each other’s countries by their leaders often included signing of agreements on railway cooperation.

Separately, Vietnam’s National Assembly at its next meeting beginning on Monday is expected to approve a $67-billion plan to build a 1,541-km high-speed railway from Hanoi to business hub Ho Chi Minh City, the country’s largest ever infrastructure project.

 

 

 

 

 

 

 

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Thailand Electric Vehicle Industry Fuels Boom In Commercial Real Estate https://www.equipment-news.com/thailand-electric-vehicle-industry-fuels-boom-in-commercial-real-estate/ Fri, 18 Oct 2024 02:41:55 +0000 https://www.equipment-news.com/?p=34272 Thailand aims to lead Southeast Asia’s electric vehicle manufacturing, targeting a US$6.5 billion real estate market by 2030, driven by ambitious policies and significant foreign investments. Source: Thailand Business News Thailand is set to become Southeast Asia’s leading electric vehicle…

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Thailand aims to lead Southeast Asia’s electric vehicle manufacturing, targeting a US$6.5 billion real estate market by 2030, driven by ambitious policies and significant foreign investments.

Source: Thailand Business News


Thailand is set to become Southeast Asia’s leading electric vehicle (EV) manufacturing hub by 2030, with an anticipated US$6.5 billion commercial real estate market according to JLL. This growth is driven by ambitious government policies like the 30@30 initiative, aiming for 30% of vehicle production to be electric, alongside significant foreign investments, expected to reshape the real estate landscape.

To meet its targets under the 30@30 policy, the country will require substantial new manufacturing infrastructure, particularly for battery production, which will demand over 34 GWh capacity. As of late 2023, Thailand had approximately 167,000 EVs, nearing its 2030 goal of 440,000.

Investment in research and development is crucial for maintaining a competitive edge in the EV sector. With government-backed subsidies enticing automakers and specialised real estate needed for high-tech manufacturing, Thailand is building a robust infrastructure to support not only EV production but also connected industries, ensuring long-term sustainability in its industrial economy.

As Thailand moves towards becoming Southeast Asia’s leading electric vehicle (EV) manufacturing hub by 2030, several metalworking machine tools will experience increased demand due to the specific needs of EV production.

CNC machining centers, laser cutting machines, die casting machines, robotic welding systems, and stamping machines will likely surge, alongside specialized battery manufacturing tools and advanced inspection systems, as Thailand scales up its EV manufacturing capacity.

 

 

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