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).
Continental Tires’ application to expand its radial tyre production capacity at the WHA Eastern Seaboard 4 Industrial Estate is approved, according to Narit Therdsteerasukdi, Secretary-General of the Board of Investment (BOI).
The EVAT will have Suroj Sangsanit as new President to beef up Thailand’s position as an electric vehicle (EV) and export hub in Southeast Asia, the Nation reported.
Trade tensions have spooked several businesses including HP, leading to relocating production facilities out of China. This time, Southeast Asia is the manufacturing hub of choice, according to the Nation, Thailand.
Despite transitioning to Electric Vehicles, Thailand auto parts businesses can be resilient with a little push from the government to diversify — with auto parts making to medical devices.
Hyundai Motor Group officially opened the Hyundai Motor Group Innovation Center Singapore (HMGICS) to accelerate the delivery of the Group’s human-centric future mobility vision.
Though bringing in billions in revenue, the Vietnamese semiconductor industry is still grappling with the shortage of a skilled workforce in areas of production, packaging and testing.