APMEN Magazine – 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. Thu, 19 Sep 2024 05:20:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 ViMUT Hospital Opens Facial Contouring Centre To Meet Thailand Cosmetic Surgery Demand https://www.equipment-news.com/vimut-hospital-opens-facial-contouring-centre-to-meet-thailand-cosmetic-surgery-demand/ Thu, 19 Sep 2024 05:20:54 +0000 https://www.equipment-news.com/?p=34133 Aesthetic medicine is continuously gaining popularity in Thailand, that ViMUT Hospital opened its new Maxillofacial Contouring Centre on 18 September 2024, The Nation reported. This may spark a bullish market for the medical devices manufacturing. Thailand’s aesthetic medicine has gotten…

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Aesthetic medicine is continuously gaining popularity in Thailand, that ViMUT Hospital opened its new Maxillofacial Contouring Centre on 18 September 2024, The Nation reported. This may spark a bullish market for the medical devices manufacturing.

Thailand’s aesthetic medicine has gotten substantial international attention. According to IDG, Thailand’s cosmetic market is one of the largest in Southeast Asia and has been growing steadily over the past few years.

Statista added the market size of the cosmetics and personal care industry in Thailand was valued at around US$5.5 billion in 2020, and it is expected to continue to grow at a CAGR of around 5.3% from 2021 to 2025. Grand View Research estimates that Thailand’s aesthetic treatment sector was worth US$1.46 billion in 2023. Between 2024 and 2030, this sector is expected to grow at a compounded annual growth rate of 11.6%. By 2030, the market is expected to be worth US$3.54 billion.

This growth is catalysed by a number of factors, including the growing popularity of non-invasive procedures, medical tourism, and the ageing population. Cities such as Bangkok and Phuket are major cosmetic procedure hubs, attracting patients from all over the world due to their high quality and low cost.

Meanwhile, ViMUT Hospital’s facility opening aligns its strategy to offer comprehensive health and beauty solutions, addressing the increasing demand for cosmetic procedures among younger generations. The Hospital’s expansion reinforces Thailand’s position as a leading destination for cosmetic surgery and aesthetic treatments in Asia.

The World Travel & Tourism Council ranked Thailand among the top five countries globally for medical tourism spending in 2019, with 60% of medical tourists seeking aesthetic procedures. ViMUT has noticed a significant change in the demographics of cosmetic surgery patients.

Interest is growing among Generation Z and men aged 20 to 45. Despite economic downturns in other sectors, this customer base expansion is driving long-term growth. This trend is not limited to Thailand.

Dr Chanchai Wongchuensoontorn
Image credit – The Nation

Assist Prof Dr Chanchai  Wongchuensoontorn, an Oral and Maxillofacial Surgeon at ViMUT Hospital, noted that the trend reflected how social media has influenced young people’s perceptions of their physical appearance. 

“In today’s social media age, image is more important than ever, and beauty enhancement is no longer gender-specific. The goal of facial contouring surgery is sometimes not only to improve appearance, but also to correct issues such as cleft lips, abnormalities caused by accidents or certain diseases, and jaw issues that cause tooth misalignment,” he stated. 

The new Maxillofacial Contouring Centre at ViMUT Hospital offers a range of services, from consultations to complex surgeries. The hospital emphasises its expertise in facial bone and jaw surgery, as well as oral and maxillofacial surgery, offering solutions for multiple issues in a single, precise procedure.

Dr Chanchai added, “We have expert doctors and a dedicated team to offer patients safe and attentive treatment at a reasonable price, with comprehensive medical technology to support both Thai and international customers.”

Medical devices manufacturers and suppliers can look forward to a surge in demand given the bullish outlook of Thailand’s aesthetic medicine.

 

 

 

 

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China Loses Standing After Apple’s iPhone Production Moves To India https://www.equipment-news.com/china-loses-standing-after-apples-iphone-production-moves-to-india/ Fri, 13 Sep 2024 07:19:27 +0000 https://www.equipment-news.com/?p=34089 Apple Inc. has commenced the production of its newly launched iPhone 16 series in India, reflecting a broader trend among tech giants like Microsoft Corp. and Amazon.com Inc. who are also turning away from China. Source:benzinga.com Historically, the California-based tech giant relied on China for…

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Apple Inc. has commenced the production of its newly launched iPhone 16 series in India, reflecting a broader trend among tech giants like Microsoft Corp. and Amazon.com Inc. who are also turning away from China.

Source:benzinga.com


Historically, the California-based tech giant relied on China for manufacturing its high-end smartphones, while Indian suppliers focused on low-end and older models. However, the latest reports indicate that Apple is now mass-producing its new iPhone lineup, including the high-end Pro series, in India alongside China, South China Morning Post reported.

Analysts suggest that this move is part of Apple’s strategy to diversify its supply chain amid worsening relations between Beijing and Washington. It also highlights Apple’s growing confidence in India’s advanced manufacturing capabilities. 

“These moves reflect a broader shift unfolding where major tech companies like Apple, Microsoft, and Amazon are moving production away from China, given various security and economic risks,” stated Karthik Nachiappan, research fellow at the National University of Singapore’s Institute of South Asian Studies.

Apple’s decision to manufacture the iPhone 16 series in India marks a significant shift in its supply chain strategy. This move comes amid escalating tech tensions between the U.S. and China. Earlier this year, Microsoft Corp. urged its China-based AI team to relocate, highlighting the increasing strain on tech companies operating in China.

However, Apple is not looking at just India, it was toying with the idea of Indonesia in April this year. Last December, Apple is working with China’s BYD, a key iPad assembler, to move new product introduction (NPI) resources to Vietnam. In other words, Apple is spreading its presence across Asia as some form of safety net if China’s relations gets more intense.

Furthermore, OpenAI, backed by Microsoft, announced restrictions on its AI tools in China, reflecting similar concerns. Meanwhile, Amazon has been ramping up recruitment efforts in China to compete with local e-commerce giants, indicating a nuanced approach to its China strategy.

 

 

 

 

 

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Industrial Automation Redefined: Insights From ARC Industry Leadership Forum https://www.equipment-news.com/industrial-automation-redefined-insights-from-arc-industry-leadership-forum/ Fri, 02 Aug 2024 04:49:35 +0000 https://www.equipment-news.com/?p=33864 The inaugural Annual ARC Industry Leadership Forum in Singapore showcased the transformative power of Open Process Automation (OPA) and AI in revolutionizing industrial operations.  The 1st Annual ARC Industry Leadership Forum in Singapore brought together a diverse group of industry…

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The inaugural Annual ARC Industry Leadership Forum in Singapore showcased the transformative power of Open Process Automation (OPA) and AI in revolutionizing industrial operations. 


The 1st Annual ARC Industry Leadership Forum in Singapore brought together a diverse group of industry leaders to explore the rapidly evolving landscape of industrial automation. Industry leaders and experts explored the challenges and opportunities of digital transformation, emphasizing the critical role of collaboration and innovation for industrial automation.

Under the theme of “Accelerating Transformation in the Age of AI, Open Automation, and Sustainability,” the forum provided a comprehensive look at the cutting-edge developments in Open Process Automation (OPA) and Artificial Intelligence (AI) and their impact on industrial operations.

The Rise of Open Process Automation

The Open Process Automation Forum session was chaired by Bob Gill of ARC Advisory Group, who provided a brief historical overview of the OPA initiative and OPAF organization. From its inception in 2016, the OPA Forum has grown into a global initiative with over 100 member companies.

He referenced the ARC Forum in Orlando in 2016, where Don Bartusiak of ExxonMobil spoke about the need for a new type of DCS and one that should be embraced by the industry as a whole.

“We do not want to create a system that is only used by ExxonMobil.”

Gill highlighted the forum’s commitment to developing open, interoperable systems that serve a wide range of industries. This sentiment set the tone for the day’s discussions, which focused on the importance of collaboration and openness in driving industrial innovation.

Petronas: Pioneering OPA in the Petrochemical Industry

Sharul Rashid of PETRONAS provided an in-depth look at how the company has integrated OPA into its operations. Rashid’s presentation emphasized the importance of certification and standards in ensuring the reliability and functionality of OPA systems. Reflecting on the meticulous approach needed to implement OPA in complex industrial environments, he said:

“Certification is very important… it is continuing to gain the competence of all parties so that the system is actually working when you deploy information.”

Rashid also discussed the practical benefits of OPA, such as increased operational flexibility and reduced downtime. By adopting open systems, PETRONAS has been able to accelerate the deployment of new technologies, a critical advantage in an industry where efficiency is paramount.

Challenges in OPA Adoption: The Asia Pacific Perspective

John Kirkman of Enterprise Transformation Partners addressed the challenges of adopting OPA in the Asia Pacific region. Drawing from his extensive experience in process automation standards, Kirkman highlighted the initial excitement among industry players, tempered by the practical difficulties of implementation.

“One of the key things we got back from industry… was the excitement about the Process Automation standards, but there was often hesitation due to a lack of trained engineers,” he explained.

Kirkman’s insights underscored the need for robust educational programs to build a skilled workforce capable of leveraging OPA technologies. He called for greater collaboration between industry and academia to address this gap, a theme that resonated throughout the forum.

ExxonMobil’s Systematic Approach to OPA

Murli Balsubramanian of ExxonMobil Asia Pacific brought a pragmatic perspective to the discussions, detailing the company’s systematic approach to implementing OPA. He described ExxonMobil’s journey from proof-of-concept to full-scale deployment, emphasizing the importance of reducing the total cost of ownership and enhancing operational efficiency through open systems.

“We’ve been very systematic, diligent in our approach… to how we solve the problem of proprietary systems,” he noted.

He also highlighted the significant benefits of OPA, such as decoupling IO from control and leveraging data for more effective decision-making. These capabilities, he argued, are essential for unlocking the full potential of modern industrial processes.

The Role of AI in Industrial Automation

A recurring theme throughout the forum was the integration of AI into automation systems. The discussion on mechanistic AI, led by experts from Emerson and the OPC Foundation, explored how AI can be used to predict equipment failures and optimize operations without the intensive computational demands of traditional AI models.

This approach, known as mechanistic AI, relies on cause-and-effect relationships rather than data-driven algorithms, offering a more sustainable solution for industrial applications. The OPC Foundation’s AI initiative, driven by major industry players like Microsoft and Siemens, was also highlighted. This initiative aims to automate the creation of OPC components and enable assets to interact in natural language, streamlining the integration of AI into existing systems.

Practical Implementations And The Future Of OPA

Bejoy Jose of Yokogawa Engineering Asia provided a comprehensive overview of how data from diagnostics and calibrations can be used to optimize maintenance schedules and improve the stability of industrial systems. His insights into the use of AI for predictive maintenance demonstrated the tangible benefits of these technologies in reducing downtime and enhancing system reliability.

The forum also addressed the challenges of implementing these technologies at scale. Participants noted the importance of standardization and interoperability in ensuring that different systems and devices can communicate effectively. The OPC UA protocol, for example, was highlighted as a critical enabler of this interoperability, allowing data to be transmitted securely and efficiently across various platforms.

Sustainability And The Urgency Of Digitalization

The forum did not shy away from the pressing issue of sustainability in industrial operations. Arne Modersohn of Evonik emphasized the importance of adopting Ethernet-based technologies to advance digitalization in the field. He argued that failing to embrace these technologies could result in missed opportunities to improve efficiency and reduce environmental impact.

The role of AI in promoting sustainability was also discussed, with experts highlighting how AI can be used to monitor energy consumption and reduce carbon footprints. These discussions underscored the critical need for the industrial sector to balance technological advancement with environmental responsibility.

Innovations in Industrial Connectivity

Stefan Hoppe of the OPC Foundation provided a compelling look at the future of industrial connectivity, focusing on the OPC UA protocol. He discussed the importance of maintaining data integrity and context as information moves from field devices to the cloud.

“We believe that OPC UA is the solution for the industrial process industry because only OPC DA is able to describe the data as near as possible in the data source and then move it up by keeping the context of the information through all the layers in the automation pyramid up to the cloud,” Hoppe explained.

Hoppe reiterated the importance of standardization in ensuring that different systems can communicate effectively, regardless of the platform or device. This emphasis on interoperability and flexibility is critical as industries continue to adopt more complex automation and AI systems.

A Call to Action: The Future Of Industrial Automation

As the forum drew to a close, it became evident that OPA and AI are not just technological advancements but strategic imperatives for the future of industrial automation. The forum’s discussions highlighted the significant progress made in developing open, interoperable systems, while also acknowledging the challenges that lie ahead.

The key takeaway from the forum was the importance of collaboration across the industry to overcome these challenges. By working together, industry leaders, technology providers, and educational institutions can ensure that the benefits of OPA and AI are realized across the sector.

The 1st Annual ARC Industry Leadership Forum provided valuable insights into the future of industrial automation. As industries continue to navigate the complexities of digital transformation, the lessons learned from this forum will be instrumental in guiding the next steps in this journey. The integration of OPA and AI into industrial processes represents not just a technological advancement, but a strategic imperative for the industry’s future.

 

 

 

 

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India Looks To Singapore For Semiconductor Expertise https://www.equipment-news.com/india-looks-to-singapore-for-semiconductor-expertise/ Thu, 01 Aug 2024 09:49:44 +0000 https://www.equipment-news.com/?p=33861 India is planning to send a group of people to Singapore for training, and have the group import the knowledge acquired domestically to boost semiconductor manpower in preparation for the booming industry. According to Business Standard, in an effort to…

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India is planning to send a group of people to Singapore for training, and have the group import the knowledge acquired domestically to boost semiconductor manpower in preparation for the booming industry.


According to Business Standard, in an effort to build talent for the semiconductor industry in India, the India Electronics and Semiconductor Association (IESA) is planning to send a batch of people — from industry to academics — on deputation to Singapore in the coming months. This is part of the recently-announced memorandum of understanding (MoU) with Singapore Semiconductor Industries Association (SSIA).

Ashok Chandak, President, IESA told the media,

“What we are looking at is sending some of the people on deputation to Singapore and the SSIA would support. These people will spend three to six months in some of the fabs, get some training, come back and implement that in India. So, this is how the overall skill and talent development concept is going to work.”

A study by TeamLease Degree Apprenticeship revealed India’s semiconductor industry is expected to face a shortage of 250,000-300,000 professionals across various verticals by 2027. These include research and development (R&D), manufacturing, design, and advanced packaging. The collaboration between IESA and SSIA will have professionals and experts cross visit to train domestic talent.

Ashok added the Indian semiconductor is reportedly also exploring a similar partnership with its Taiwanese counterparts. However, Singapore is preferred since it has an advantage in terms of language and connectivity.

He explained English-speaking Singaporeans smoothens communications between both nations, but can’t say the same with Taiwan, despite the attractiveness of its semiconductor manufacturing prowess.

“One of the challenges we face with Taiwan is the language barrier, particularly at the lower-operator level. At the senior level, most people are proficient in English, so there is no problem there. However, at the operator level, this barrier can be more pronounced. In contrast, this is not a big issue in Singapore, as more people speak English there,” Ashok noted.

Under the partnership with SSIA, the two main priorities will be skills-training and the technology know-how partnership between Indian and Singaporean firms, said Ashok.

“There are several companies in Singapore which have the knowledge and technology at multiple value-chain levels of semiconductor manufacturing. This is right from design to testing to wafer fab, assembly test marking operations, logistics and distribution. They have got a very good amount of talent and knowledge experience. We want to bring that as part of the partnership. Priority-wise, number one is the skill training, and then business-to-business technology cooperation, technology transfer and joint venture arrangements in the future,” he added.

 

 

 

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More Factories Relocate From China To Malaysia Over Restrictions https://www.equipment-news.com/more-factories-relocate-from-china-to-malaysia-over-restrictions/ Sun, 14 Jul 2024 08:32:32 +0000 https://www.equipment-news.com/?p=33653 Malaysia is gradually becoming the manufacturing base of choice for Chinese enterprises, thanks to China Plus One regime, Manufacturing Asia reported. Foreign companies are moving their manufacturing facilities out of China to establish production hubs in other countries as trade tensions…

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Malaysia is gradually becoming the manufacturing base of choice for Chinese enterprises, thanks to China Plus One regime, Manufacturing Asia reported.


Foreign companies are moving their manufacturing facilities out of China to establish production hubs in other countries as trade tensions continue to brew between China and the US. Malaysia, the world’s sixth largest exporter of semiconductors in the world, has greatly benefited from this strategy known as China Plus One, where companies diversify their business outside of China.

Malaysia has a 50-year edge in the sector given that Intel established its first international manufacturing plant in the northern state of Penang. Intel is also building another factory in Penang that will be the US States chip giant firm’s overseas facility for advanced 3D chip packaging. Malaysia is on a particularly attractive spot given that many semiconductor and electric vehicle companies relocating to Southeast Asia to bypass trade restrictions and strengthen their supply chains.

The country has an existing ecosystem in Penang and the neighbouring Kulim in Kedah. This provides an option for technology companies seeking to date-risk amidst intense rivalries between the US and China over cutting-edge technologies.

Tech Investment Surge

Malaysian Prime Minister Anwar Ibrahim has been actively seeking high-tech investments by travelling overseas to build relationships with potential investors. In March 2024 on SME Future Day 2024, he extended an invitation to German businesses and companies across Europe to invest in Malaysia, emphasising the country’s strategic location for accessing the Chinese market.

Foreign direct investment in Malaysia’s tech sector has been steadily increasing since 2021, with major companies like Intel, Infineon Technologies, AT&S, and Nvidia making significant investments there. However, as Malaysia aims to move up the value chain, it faces challenges such as stiff competition from neighbouring countries like Indonesia and Vietnam, as well as constraints in local supply chains.

Former Deputy Minister of International Trade and Industry, Ong Kian Ming, highlighted the challenge of getting the right kind of human resources and skilled labour to become part of the higher value-added manufacturing or services ecosystem.

“We’ve seen examples of how some Chinese companies who have come into Malaysia in the past, they do not fully integrate with the local supply chain,” he stressed.

This means is local SMEs (small- and medium-size enterprises) in Malaysia and other companies are not able to benefit from the FDI coming into Malaysia, he pointed. The Malaysian government is not only looking to attract foreign investments but also to engage domestic companies and investors, particularly government-linked investment firms.

Minister of Investment, Trade, and Industry, Tengku Zafrul Abdul Aziz, announced plans to develop a strategic semiconductor plan to enhance competitiveness in the industry, which includes updating laws and incentive packages to support local businesses. This will spell brand new opportunities for the metalworking sector, from metalcutting, machining, metrology right up to sheet metalworking. 

 

 

 

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The post More Factories Relocate From China To Malaysia Over Restrictions appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

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Roll Forming: How To Get The Most Out Of Thin Materials https://www.equipment-news.com/roll-forming-how-to-get-the-most-out-of-thin-materials/ Wed, 03 Jul 2024 09:24:29 +0000 https://www.equipment-news.com/?p=33587 Andrea Dallan, CEO of Italy-based Dallan Spa explains it’s a different ball game processing thin materials in roll forming, as it requires very different calculation and adjustment tools compared to thick materials.  The thinner the material, the more difficult it…

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Andrea Dallan, CEO of Italy-based Dallan Spa explains it’s a different ball game processing thin materials in roll forming, as it requires very different calculation and adjustment tools compared to thick materials. 


The thinner the material, the more difficult it is to evaluate the spring back for open profiles, as well as for closed profiles. At Dallan, we have been developing specific calculation tools and algorithms for thin metal sheets since 1978. This has driven the development of our company and has become the distinctive factor of Dallan machines and equipment.

The image shows the accuracy of Dallan roll forming machines in a comparison between the theoretical design and the final result of a rolling shutter profile with a thickness of 0.20mm plus paint. The rolling shutter profile is one of the most technical made by Dallan systems. Since it is not a static profile, the hook needs to work correctly during winding and unwinding for the entire lifetime of the product.

The Original 1974 Study Of Thin Materials

In 2019, 45 years after its publication, we published the thesis written in Italian. It was written by our founder, Sergio Dallan, for his university degree.

The subject was the cold forming of thin metal sheets. Starting from this study, entitled “The Design Of Rollers For Light Profiles”, published in its original version and complete with all its formulas, our company gradually began to develop, first as a design studio, subsequently as a manufacturer of roll forming machines for the Italian market followed by the international market. 

The formulas were included in the original Dallan roller development software, which we still use today. It has been updated with the experience accumulated in 40 years of work.

Characteristics Of Coatings For Roll Forming And Bending Radii

In addition to developing special techniques for thin materials, from the very beginning we started working in sectors such as metal suspended ceilings and rolling shutters, where many profiles are made of pre-painted material. When forming an aesthetic profile with a pre-finished surface, particular attention is needed in the design to guarantee product quality.

 

 

Read more here at page 36

 

 

 

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Vietnam Versus Malaysia For Semiconductor Design Hub Crown
Vietnam Sluggish Auto Sales Hit Major Motorshow
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Tesla Profits Decline By More Than 50% In Q1 2024
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CONNECT WITH US:  LinkedIn, Facebook, Twitter

 

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Do you have an opinion about this story? Do you have some thoughts you’d like to share with our readers? APMEN News would love to hear from you!

 

 

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The post Roll Forming: How To Get The Most Out Of Thin Materials appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

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Micro-Machining: Challenges And Opportunities https://www.equipment-news.com/micro-machining-challenges-and-opportunities/ Tue, 02 Jul 2024 07:00:41 +0000 https://www.equipment-news.com/?p=33563 Luo Xichun and Chang Wenlong from Centre for Precision Manufacturing at University of Strathclyde, and Sun Jijing from Institute of Mechanical, Process and Energy Engineering at Heriot Wat University explore recent novel advancements in micromachining technologies.  Introduction Micro-machining is an…

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Luo Xichun and Chang Wenlong from Centre for Precision Manufacturing at University of Strathclyde, and Sun Jijing from Institute of Mechanical, Process and Energy Engineering at Heriot Wat University explore recent novel advancements in micromachining technologies. 


Introduction

Micro-machining is an enabling technology for the manufacture of micro-products in which functional features, or at least one dimension, are in the order of μm. This is pivotal to our economy, as micro-products, such as micro displays, micro batteries, and micro fluidics are becoming well-established in all major areas of our daily life and can already be found across a broad spectrum of applications, especially in the automotive, aerospace, photonics, renewable energy, and medical instrument sectors.

Nowadays micro-machining technologies are clearly advancing towards economical manufacturing of customised high precision 3D micro-products made of a variety of materials, including difficult-to-machine materials such as glass, sapphire, ceramics, and hard steels, etc. This proposes significant research challenges in terms of process control, but also provides great opportunities for the research and development new advanced micromachining technologies in areas such as modelling, hybrid micro-machining, and in-line/on-machine metrology, to name a few.

Pushing Boundaries: Micro-Machining Difficult Materials

Adopting difficult-to-machine materials for emerging 3D micro-products proposes a great challenge to micro-machining technology. The so-called “size effect” material removal mechanism in micro-machining is different from that of conventional machining.

Li et al. applied molecular dynamics simulations to gain an in-depth understanding of formation mechanism of surface roughness and residual stress of single crystal cerium in ultra-precision diamond turning process. Their studies revealed that dislocation and lattice distortion were two factors that govern the formation of surface roughness and residual stress.

 

Read more here at Page 25.

 

 

 

 

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MTA Vietnam 2024 – Day 1 https://www.equipment-news.com/mta-vietnam-2024-day-1/ Tue, 02 Jul 2024 03:07:43 +0000 https://www.equipment-news.com/?p=33582 Bright and early at MTA Vietnam 2024 Day 1! Excited to connect with industry leaders, plus all the opportunities and insights this event will bring. See you at Booth BM3-3, and receive a complimentary USB Drive containing our latest issue!…

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Bright and early at MTA Vietnam 2024 Day 1! Excited to connect with industry leaders, plus all the opportunities and insights this event will bring. See you at Booth BM3-3, and receive a complimentary USB Drive containing our latest issue!


 

 

 

 

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LG-Hyundai Electric Car Battery Factory To Open On 3 July 2024 https://www.equipment-news.com/lg-hyundai-electric-car-battery-factory-to-open-on-3-july-2024/ Tue, 02 Jul 2024 00:00:45 +0000 https://www.equipment-news.com/?p=33577 PT Hyundai Motor Manufacturing Indonesia (HMMI) will open its Indonesian electric vehicle (EV) battery cell factory in collaboration with LG Energy on 3 July 2024. Located in Karawang, West Java, this milestone will strengthen Hyundai’s position as a major player in…

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PT Hyundai Motor Manufacturing Indonesia (HMMI) will open its Indonesian electric vehicle (EV) battery cell factory in collaboration with LG Energy on 3 July 2024.


Located in Karawang, West Java, this milestone will strengthen Hyundai’s position as a major player in the battery-based EV industry in the country. “We are joining a venture with LG to create a battery factory. Later they will produce. We will take it from there for the battery components. Hopefully this can increase our TKDN (Domestic Content Level),” Ade Mahendra, Head of External Affairs Department HMMI told KG Media.

However, Ade was still to provide further information on whether the batteries produced from the LG-Hyundai facility would be supplied to other brands or not. Likewise, how much of an increase in Domestic Component Level (TKDN) can be achieved after Hyundai cars or products in Indonesia use local batteries. “Of course, later we will introduce the first EV in Indonesia that uses local batteries,” he said.

The South Korean automotive manufacturer reportedly disbursed funds reaching US$ 1.55 billion (Rp. 21.8 trillion). HMMI has built a manufacturing plant in Cikarang with a car production capacity of 150,000 units annually. The cars it produces are Stargazer, Creta, and Ioniq 5. In addition, Hyundai is also said to be investing US$ 60 million (Rp. 929.22 billion) to build a battery system and battery pack manufacturing with an estimated production of 50,000 pis per year.

Previously, Investment Minister Bahlil Lahadalia said that the Hyundai-LG conglomerate would inaugurate a battery factory with an installed capacity of 10 gigawatt hours (GWh) in the first half of this year. “Now, they have started construction of the second 10 GWh factory (total 20 GWh),” he said.

 

 

 

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Indonesia To Receive 12 Companies’ Investments From Singapore And China For Textiles https://www.equipment-news.com/indonesia-to-receive-12-companies-investments-from-singapore-and-china-for-textiles/ Mon, 01 Jul 2024 04:00:40 +0000 https://www.equipment-news.com/?p=33554 Indonesia is offering metalworking equipment manufacturers lucrative opportunities — essentially the full spectrum from metal cutting right up to metrology, thanks to the textile sector. Source: Tempo.co Indonesia will be having more textile factories, Tempo.co noted, thanks to investments from Singapore…

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Indonesia is offering metalworking equipment manufacturers lucrative opportunities — essentially the full spectrum from metal cutting right up to metrology, thanks to the textile sector.

Source: Tempo.co


Indonesia will be having more textile factories, Tempo.co noted, thanks to investments from Singapore and China, Coordinating Ministry for Maritime Affairs and Investment disclosed. The investments are expected to boost the country’s economy.

“The investors are from Indonesia, Singapore, and China,” the ministry’s Deputy for Investment and Mining Coordination, Septian Hario Seto, told Tempo on Thursday, 27 June 2024.

While declining to mention specific names, Seto said that a total of 12 companies are currently involved in the plan.  He added the factories will likely be located in West Java and Central Java, including Subang, Brebes, Karawang, Klaten, Solo, and Sukoharjo in Indonesia.

Construction of the new textile factories is projected to generate tens of thousands of new jobs, or even up to 41,000, Seto stressed. During a MINDialogue discussion broadcast on CNBC TV’s YouTube channel on 20 June 2024, Coordinating Minister for Maritime Affairs and Fisheries, Luhut Binsar Pandjaitan, highlighted the interest of Chinese textile companies in investing in Indonesia and providing dormitories for its 108,000 employees. He said that Kertajati was the proposed location.

Luhut also instructed Minister of Agrarian Affairs and Spatial Planning Agus Harimurti Yudhoyono to expedite the land affairs. Apart from Kertajati, he said a textile factory will also be built in Sukoharjo, Central Java.

“If we want to have 6.5% or 7% economic growth, we have to ask for export-oriented investment,” he said.

 

 

 

 

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