As Singapore celebrates 60 years of independence in 2025, the nation is gearing up for greater changes amidst an increasingly complex landscape. The manufacturing sector, the second largest contributor to Singapore’s GDP currently, will continue to be a critical driving force of the nation’s economic growth. To maintain its momentum of transformation and realise its goals of becoming a global advanced manufacturing hub, Singapore must navigate the disruptions of technologies like AI and learn to balance the intersection of technology with human potential to create a more resilient manufacturing ecosystem.

Themed “Smart Collaboration: Humanising the Future of Manufacturing in the Age of AI”, Manufacturing Day Summit 2025 showcased the transformative role of AI in manufacturing while emphasising the irreplaceable value of human creativity. Graced by Minister of State for Trade and Industry, Mr. Alvin Tan, the Summit saw a strong turnout of close to 1,500 attendees from the manufacturing scene as well as students from various polytechnics and tertiary institutions.

Building a Collaborative and Sustainable Manufacturing Ecosystem

Key highlights at the Summit include the launch of the MNC-SME Alliance, a transformative initiative where SMF serves as the key facilitator and orchestrator. This Alliance brings together multinational corporations, local SMEs, and crucial ecosystem partners to create a robust collaborative platform that will not only foster collaborations but actively deliver real value to both SMEs and MNCs.

With the participation of Applied Total Control Treatment Pte Ltd (ATC), Lenovo, Zebra Technologies, Continental and IBM, and ecosystem partners A*STAR Singapore Institute of Manufacturing Technology (A*STAR SIMTech), UOB and the Singapore Institute of Technology’s Innovation Leadership Programme, this alliance aims to support Singapore’s Manufacturing 2030 goals by driving innovation, enhancing supply chain competitiveness, and accelerating the adoption of advanced manufacturing practices. It will create business opportunities between MNCs and SMEs, while facilitating knowledge sharing, capability building, and co-development opportunities to prepare SMEs for global challenges in alignment with SMF’s Industry 5.0 vision.

The Innovation Leadership Programme (ILP) is a six-day public course designed to equip SMEs with practical strategies and skills to drive innovation, enhance collaboration with MNCs, and scale their operations effectively in a competitive global market.

In the same vein of collaboration, Lenovo also unveiled how they have been working with ST Logistics, one of the largest logistics and warehousing providers in Singapore, to streamline processes and enhance operational efficiency through AI, automation and robotics. The joint case study exemplifies Industry 5.0 applications and will pave the way towards a smarter and more innovative manufacturing future.

“The future of manufacturing is not about replacing humans with machines, but about creating a powerful synergy between human ingenuity and AI capabilities,” expressed Lennon Tan, President, Singapore Manufacturing Federation. “Through strategic partnerships and knowledge sharing, we are building a smarter and more resilient manufacturing ecosystem that empowers our workforce, drives innovation, and strengthens Singapore’s position as a global manufacturing hub. This collaborative approach is essential as we look towards the next 60 years and beyond.”

At the Summit, HP, Huawei, Lenovo, Schneider Electric and Zebra Technologies were also accorded Honorary Gold certifications under the Green Excellence for Manufacturing (GEM) Mark programme, part of SMF’s Chief-Sustainability-Officer-as-a-Service (CSOaaS) initiative. This prestigious certification recognises organisations that have achieved advanced sustainability levels and demonstrated a strong commitment to sustainable operations. These companies have consistently excelled in sustainability reporting and continually enhanced their sustainability practices, setting a benchmark for others to follow. As a key part of SMF’s efforts to promote green manufacturing, the CSOaaS programme, launched at last year’s Manufacturing Day Summit, empowers SMEs with the tools and guidance necessary to incorporate sustainable practices into their operations, fostering a more sustainable future for the manufacturing industry.

Nurturing a Future-Ready Manufacturing Workforce

In addition, the Manufacturing Day Summit shone a spotlight on the significance of developing a skilled and future-ready manufacturing workforce that will support SG60’s manufacturing ambitions.

SMF launched its Learning and Development Solutions as a Service (L&DSaaS) to address the critical need for a skilled, adaptable workforce in SMEs. By offering tailored training workshops, leadership development, and advanced digital learning platforms, the L&DSaaS provides an avenue to build resilient businesses that thrive in competitive markets through strengthening workforce capabilities, driving innovation, and enhancing operational effectiveness.

The SMF Centre for Corporate Learning (SMF-CCL) also announced that SMF-CCL and Duke Corporate Education (Duke CE) are working on an initiative to empower enterprises to lead a sustainable future amid the climate crisis. Leveraging Duke CE’s global leadership expertise, the collaboration will culminate in an e-learning platform with curated sustainability programmes to equip organisations with the knowledge to tackle complex manufacturing and supply chain challenges, foster innovation and drive sustainable, scalable impact for long-term success.

The L&DSaaS and partnership with Duke CE will target 100 companies and benefit approximately 2,500 employees.

To further support the growth and development of manufacturing SMEs, SMF and NTUC U SME also inked an MOU to create awareness of training available for SMEs to transform their workforce. With SMEs representing 99% of all businesses in Singapore,  SMF and U SME want to encourage SMEs to adopt new technologies; support workers’ training and development; and facilitate harmonious labour-management relations. These will help SMEs become more innovative and productive, and ensure that their workers enjoy better wages, welfare and work prospects sustainably.

Beyond upskilling the existing workforce, SMF is also focused on nurturing the next generation of manufacturing talents. The association inked an MoU with Ngee Ann Polytechnic and Flexspeed Technology Pte. Ltd., which aims to enhance workforce development in Singapore’s manufacturing sector. The five-year collaboration, supported by FANUC, will promote upskilling and technology adoption of robotics automation through customised training programmes, workplace learning initiatives, and technology development projects.

“Sustainability and talent development are twin pillars of a resilient and forward-looking manufacturing sector,” said Dennis Mark, Chief Executive Officer, Singapore Manufacturing Federation. “We hope that initiatives and collaborations like these will not only drive innovation and environmental responsibility but also ensure the industry is well-equipped with the talent and capabilities needed to grow Singapore into an advanced manufacturing hub.”

Gearing Up for Singapore’s Next Stage of Manufacturing Growth

A key panel at the Manufacturing Day Summit involving Enterprise Singapore, Malaysian Investment Development Authority (MIDA), Singapore Business Federation, Tai Sin Electric Pte Ltd and UOB dived into the Johor-Singapore Special Economic Zone (JS-SEZ). The panel explored how this transformative initiative is redefining cross-border collaboration and innovation, and marked the first major dialogue following the government’s recent announcements on JS-SEZ during the 11th Malaysia-Singapore Leaders’ Retreat.

With the successful conclusion of the JS-SEZ panel, SMF plans to kickstart more of such future engagements with its members by working closely with Enterprise Singapore to facilitate conversations and support members as they internationalise and grow.

After the conclusion of the Manufacturing Day Summit, members of SMF will be working closely with industry players to continue the momentum for Singapore’s manufacturing transformation. This includes organising facility visits to Schneider, Zebra Technologies, A*STAR and ATC to gain deeper insights into the evolving manufacturing landscape and the possibilities of industry 5.0 applications, inspiring innovative ideas and advancements for Singapore.

The post Manufacturing Day Summit 2025: Singapore Manufacturing Federation Charts the Path Forward for Human-Centric Manufacturing in the Age of AI appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

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.

What You Missed:

Hanoi Sees More Premium Apartments As Lower-Priced Supply Remains Scarce
AI PC Shipments To Reach 43% Of Global PC Market By 2025
Vietnam Estimates China Rail Link Will Cost US$7.2 Billion
Thailand Electric Vehicle Industry Fuels Boom In Commercial Real Estate
NYT Sends AI Startup Perplexity ‘Cease And Desist’ Notice Over Content Use
BYD Owners In Thailand Slam ‘Unfair’ Practice
We Are At Metalex Vietnam 2024!
Toyota Vehicles Zooms Ahead In Thailand’s Automobile Market
VinFast Slows Down Thailand’s Market Expansion
VS Industry’s Orders From The Philippines Expected To Reap RM1.5 Billion From Consumer Electronics Products

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Manufacturing Index For Thailand Slips In September appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

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.

What You Missed:

NYT Sends AI Startup Perplexity ‘Cease And Desist’ Notice Over Content Use
BYD Owners In Thailand Slam ‘Unfair’ Practice
We Are At Metalex Vietnam 2024!
Toyota Vehicles Zooms Ahead In Thailand’s Automobile Market
VinFast Slows Down Thailand’s Market Expansion
VS Industry’s Orders From The Philippines Expected To Reap RM1.5 Billion From Consumer Electronics Products
Unveiling The Effect Of Industry 5.0 On The Semiconductor Ecosystem In Indonesia
From Vision To Reality: How India Can Emerge As An Electronics Manufacturing Leader
wire & Tube China 2024 Visitor Pre-registration Opens!
Industrial Automation Redefined: Insights From ARC Industry Leadership Forum

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Thailand Electric Vehicle Industry Fuels Boom In Commercial Real Estate appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Source: Bangkok Post

Automakers in Thailand who were granted incentives under the EV3.0 scheme are required to assemble EVs locally from 2024 and meet production targets set by the government. EV3.0 refers to a package of incentives including lower excise tax and import duties as well as subsidies to promote EV consumption and production between 2022 and 2023.

Chinese firms are preparing to push ahead with their request to relax the requirements, pending the National Electric Vehicle Policy Committee, chaired by Prime Minister Paetongtarn Shinawatra, to call a meeting.

“At least eight Chinese EV makers are waiting to have talks with the government. They are worried about the oversupply of EVs in the market,” said Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the federation’s Automotive Industry Club.

These companies are BYD, Changan, Great Wall Motor, MG, GAC Aion, Omoda & Jaecoo, Neta and Zeekr. They are worried about the impact of sluggish domestic car sales on their EV production plans, said Mr Surapong.

The lower rate of sales is being attributed to fewer auto loans being granted by banks and slow economic growth. Companies participating in EV3.0 and beginning to produce EVs within 2024 are committed to a 1:1 ratio target, meaning they must produce one EV domestically for every EV they import.

The numbers are set to increase under the 1.5:1 ratio (1.5 locally produced EV for each imported EV) if they begin production next year. Up to 23 global car companies joined EV3.0 and they have already imported more than 100,000 EVs. Mr Surapong remains positive about EV sales despite a months-long slowdown in domestic car sales.

“Compared with the decline of internal combustion engine-powered car sales, EV sales have still been on the rise,” he said. From January to August, battery EV sales in the passenger car category rose 13.8% year-on-year while hybrid EV sales increased by 62% year-on-year, according to the club.

What You Missed:

Shift To EV-Only Future May Not Be A Great Idea, Toyota Chairman Warns
China On Tenterhooks As Global Demand Softens
Continental Tires Creates More EV-Centered Job Opportunities In Rayong
Influx of Chinese EV-Makers Leads To 23% Surge In Rayong Land Prices
Changan Debuts Premium EV — AVATR In Thailand
Kellstrom Aerospace Relocates its Asia Office to Singapore’s Aerospace Park
Charting The Flight Path: MRO Investments To Gravitate Towards Southeast Asia
SAIC Motor-CP Vice President To Helm Electric Vehicle Association of Thailand (EVAT)
Cathay Pacific Completes Repairs On Airbus A350 Fleet After 90 Flights Cancelled
Intel Will (Not) Halt Operations In Penang

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post EV Firms In Thailand Seek Easing Of Manufacturing Conditions appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

In the intricate world of medical device manufacturing, where precision is paramount and innovation saves lives, a strong production process is key. From crafting tiny bone screws to fabricating complex hip replacement parts, there is high demand for accuracy, reliability and efficiency.

The medical device industry encompasses a wide array of products designed to diagnose, monitor and treat medical conditions. From diagnostic equipment to implantable devices, the industry caters to the evolving needs of healthcare professionals and patients worldwide.

Today, there are an estimated two million different kinds of medical devices on the global market, categorised into more than 7,000 device groups, according to the World Health Organisation (WHO).

Challenges In Medical Device Manufacturing

Manufacturing components for medical devices presents unique challenges that demand advanced machining solutions. End-users rely on these devices being manufactured to the highest quality, as any products that do not meet quality standards can cause huge disruption. Entire operations could be paused, products recalled, organisational reputation damaged and patients’ lives at risk.

Additionally, regulatory requirements are stringent in this field. There are international standards around quality management — such as ISO 13485, risk management and ISO 14971 — as well as regional regulations such as 21 CFR and FDA for the US and EU MDR for the European Union, which all devices must meet.

The requirement for such high accuracy means manufacturers cannot risk even a millimetre of differentiation between components, so having a robust machining setup is paramount.

Read more in our Digital Edition —> https://shorturl.at/KJVFw

What You Missed:

Toyota Vehicles Zooms Ahead In Thailand’s Automobile Market
VinFast Slows Down Thailand’s Market Expansion
VS Industry’s Orders From The Philippines Expected To Reap RM1.5 Billion From Consumer Electronics Products
Unveiling The Effect Of Industry 5.0 On The Semiconductor Ecosystem In Indonesia
From Vision To Reality: How India Can Emerge As An Electronics Manufacturing Leader
wire & Tube China 2024 Visitor Pre-registration Opens!
Industrial Automation Redefined: Insights From ARC Industry Leadership Forum
Malaysia Sets Its Eyes On Medical Devices Manufacturing Market
Singapore Prepares More Land To Woo Semiconductor Giants Looking To Ride AI Wave
Chinese Enterprises Also Eye Manufacturing Opportunities In The Philippines

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Precision In Medical Practice — Machining Medical Device Components appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Recently, Apple decided to manufacture the iPhone 16 series in India, marking 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.

For Apple suppliers in Vietnam, the end of summer is recruitment season. In the months ahead of the busy holiday shopping rush, companies like Luxshare and Foxconn try to fill thousands of permanent and temporary assembly jobs, building products like AirPods and iPads, Rest of World reported. Competition for these jobs was once fierce. In the past couple of years, as more manufacturers relocate from China to Vietnam, the benefit of choice has shifted to the workers.

“There are more factories competing for the same pool of workers, and so many have had to increase perks and find ways to attract workers,” Tong Diep Anh, marketing director at Viec 3 Mien, a recruitment company for Apple manufacturers, told Rest of World. “In the past, when demand for work was high, workers had to pay money to get a job. Now that the job market is saturated, workers have a choice.”

 

Putting Into Context

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.

Corporations such as Samsung, Nike, and Adidas have reportedly moved substantial portions of their production to countries like Vietnam and Indonesia. Samsung relocated its smartphone manufacturing to Vietnam, where it now contributes significantly to the country’s GDP.

Nike has shifted a considerable part of its footwear production to Vietnam as well, where over half of its shoes are now made. Meanwhile, Adidas has reduced its reliance on Chinese manufacturers, turning to alternatives in Southeast Asia. Even Apple is looking to Indonesia for its manufacturing facility.

Vietnam, Indonesia, and Thailand are among the key destinations attracting these relocations, offering lower labour costs, expanding manufacturing capabilities, and favourable trade agreements. Hyundai Motor Company will invest THB1 billion (US$28 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand, the country’s Board of Investment (BOI) said on 7 August 2024, according to Bangkok Post.

These moves are part of a broader shift as companies seek to mitigate risks associated with over-reliance on China and leverage the growing economic potential of Southeast Asia. Tensions over Taiwan pushing Hewlett-Packard to move a significant proportion of PC production from China, Nation Thailand quoted Nikkei Asia.

The mass exodus extends beyond Apple. US-based IT giant Hewlett-Packard (HP) is looking to shift more than half of its PC (personal computer) production away from China to reduce potential geopolitical risks. HP also plans to set up a backup design hub in Singapore, the report said. 

Vietnam’s Manpower Dilemma

Vietnam is the most popular location for tech manufacturers wishing to diversify away from China to avoid U.S. tariffs. The country registered large foreign direct investment in new projects and expansion in the fields of semiconductors, energy, component manufacturing, and electronics in the first eight months of this year, according to the Ministry of Planning and Investment. 

Apple suppliers and their vendors have notably increased their presence in Vietnam, with Luxshare, Foxconn, and Goertek all opening up new factories. In 2015, Vietnam hosted just eight Apple suppliers; by 2023, the country had 35 suppliers assembling AirPods, iPads, and MacBooks. Yet, Vietnam appears to be the country starved for skilled labour.

One of Vietnam’s primary selling points for tech manufacturers is its relatively cheap and plentiful labour force. Manufacturing wages in Vietnam are less than half those in China, even as real minimum wages grew by 11.3% per year in the decade from 2010 to 2019, among the fastest in Asia. In July, Vietnam raised the monthly minimum wage by 6% to 4.96 million dong ($200). However, these wages are often insufficient, and workers rely on overtime to make ends meet. 

What You Missed:

HP Eyes Thailand In Plans To Shift Production From China
Samsung Plans To Invest US$1.8 Billion More In Vietnam For OLED Manufacturing
ViMUT Hospital Opens Facial Contouring Centre To Meet Thailand Cosmetic Surgery Demand
OpenAI Says New ChatGPT Model Can Reason And Think ‘Much Like a Person’
Can Laos Become Southeast Asia’s Next Manufacturing Hub?
Research Reveals Almost Half Of FDA-Approved AI Medical Devices Lacked Clinical Validation
AI Software Tool Aims To Spot Early Signs Of Dementia From Brain Scans
Malaysia Bigfoots Thailand As Foreign Investors Return
New Growth Drivers In Manufacturing Boost China’s Industrial Output In July
Vietnam Manufacturing Output Surges to a 13-Year High

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Apple Manufacturers’ Exodus From China Sparks Manpower Shortage appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Source: Deutsche Welle

As Chinese companies increasingly seek expansion opportunities abroad amid rising trade tensions between Beijing and Washington, Laos is trying to present itself as a prime location for these firms to set up their manufacturing units.  Amata, a Thai developer known for its industrial parks in Thailand and Vietnam, recently announced the launch of a significant project in Laos, aimed at drawing manufacturers looking to relocate from China.

In an interview with Nikkei Asia last month, Amata’s founder and chairman, Vikrom Kromadit, underlined the importance of overseas expansion, saying it’s a potential “lifeline” for these companies. In its 2024 brochure, Amata listed incentives such as tax exemptions that investors in the Laos project would enjoy.

The move also signals a possible shift in regional manufacturing dynamics.

A Promising Location?

Jimmy Chen, vice president of the Thailand-Taiwan Business Association, said Laos is a promising industrial location for Chinese manufacturers.

“Due to Laos sharing the [border] with China, I believe it will definitely attract Chinese manufacturers. Also, Thailand has higher manufacturing costs as compared to Laos due to the higher standard of living there,” he told DW.

“Both China and Thailand have heavily invested in the development of Laos as well, as they also see great potential there,” Chen added.

Tim Scheffman, a German national living in Vientiane, is the CEO of LTS Ventures, a Laos FinTech company. He said he is optimistic Laos can become a manufacturing hub in the coming years.

“Laos has the potential to become a manufacturing hub in the region. It has a great strategic, central location in the heart of Southeast Asia,” he told DW, pointing to its membership of the Association of Southeast Asian Nations, the 10-member bloc that has over 660 million people.

He however added that a limited human resource capacity and an inefficient banking sector could present hurdles. “If an investor is willing to bring automation, training and flexibility, then Laos can be a great place for manufacturing,” Scheffman said.

Laos Faces A Plethora Of Economic Challenges

A landlocked country of about 7.5 million people, Laos is rich in natural resources. But the nation’s economy has been struggling with a raft of problems in recent years.

It has massive foreign debt, a depreciating currency and soaring inflation, which is hovering at about 25%. Laos has also become increasingly dependent on China for investment and loans in recent years, with major infrastructure projects being financed through Chinese loans. 

Bilateral ties have deepened with the construction of Chinese-funded hydroelectric projects as well as the building of a US$6 billion (€5.43 billion) high-speed railway that links to railways in southwest China’s Yunnan province and eventually will be connected with a line running to Bangkok and the Gulf of Thailand. But the debts resulting from these projects have been a heavy drain on the country’s resources.

Experts say Laos is facing debt distress, with payment obligations surpassing US$1 billion a year and total borrowing amounting to about 125% of its economy, with half owed to China.

No Comparative Advantage?

Laos, which has a per capital GDP of around US$2,000, wants to integrate more with the regional economy to overcome the challenges. But questions remain as to whether the single-party communist state can pull it off.

Zachary Abuza, professor at the National War College in Washington who focuses on Southeast Asia, said Laos has “very little in the way of comparative advantage compared to countries it is surrounded by: China, Vietnam and Thailand.”

“To be a manufacturing hub you need a few things, such as an educated and trained work force, macro-economic stability and a steady supply of energy. Laos only has the latter,” he added.

Abuza added, “While that is the case in many other countries, companies usually think that the economic benefits they offer, such as market access, make it worth it. But I just don’t see that happening in the case of Laos, whose total economy is worth under US$20 billion — it is a paltry market.”

While Laos shows potential as a manufacturing hub due to its strategic location and lower costs, it faces significant hurdles that will likely delay its ability to catch up with regional neighbors like China, Vietnam, and Thailand. Challenges such as a limited skilled workforce, economic instability, and reliance on Chinese debt weigh heavily on its growth prospects.

Additionally, its underdeveloped infrastructure further complicates its bid to become a competitive player in the global manufacturing landscape. Thus, while investments and reforms may bring gradual improvement, Laos will need substantial time to overcome these barriers and fully realise its ambitions.

What You Missed:

Research Reveals Almost Half Of FDA-Approved AI Medical Devices Lacked Clinical Validation
AI Software Tool Aims To Spot Early Signs Of Dementia From Brain Scans
Bacteria Helping To Extract Rare Metals From Old Batteries In Boost For Green Tech
Malaysia Bigfoots Thailand As Foreign Investors Return
New Growth Drivers In Manufacturing Boost China’s Industrial Output In July
Vietnam Manufacturing Output Surges to a 13-Year High
Mercedes-Benz Korea Makes Batteries Information Public In Its EVs
Malaysia Launches First Chip Design Park In Puchong
HP Eyes Thailand In Plans To Shift Production From China
Hyundai To Invest US$28 million In Thailand For EV Assembly And Batteries

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Can Laos Become Southeast Asia’s Next Manufacturing Hub? appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Source: Malaysian Investment Development Authority (MIDA)

Its products are recognised globally for its high cost-performance ratio and innovative technology, and they are widely used in education, research, industrial manufacturing, and communications. The company announced on 26 August 2024 the establishment of its subsidiary company in Penang, Malaysia, which is the first overseas manufacturing plant, R&D centre, and service centre. The new facility Rigol Technologies (Malaysia) Sdn. Bhd. is situated on 90,040 sqft of land with a factory footprint of 78,024 sqft.

With a total investment of over RM100 million, the new facility is divided into two main phases. The first phase, consisting of multiple production lines, has already commenced operations, focusing on the production of electronic test and measurement instruments.

The second phase will erect additional production lines and concentrate on establishing an advanced R&D centre and a comprehensive overseas service centre to support RIGOL’s ongoing commitment to innovation and customer service.

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, congratulated RIGOL on the opening of its new manufacturing facility, stating,

“We’re excited that RIGOL chose Malaysia for its first manufacturing plant outside of China! This investment not only creates high-value jobs, but it’s also a big opportunity for Malaysia to move up the supply chain ladder. The most important distinction here is how it aligns with the New Industrial Master Plan (NIMP) 2030, which is all about driving innovation and growth in the E&E sector.

At MIDA, we’re fully committed to facilitating developments like this that take Malaysia’s manufacturing sector to the next level. We’re looking forward to a productive partnership with RIGOL and hope other industrial specialists will consider Malaysia as their investment destination. Together, we can drive mutual growth and continue to enhance Malaysia’s high-tech ecosystem.”

Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang, stated,

“Penang, also known as the Silicon Valley of the East, has over half-a-century of industrialisation experience, making it a natural hub for attracting industry players within the E&E sector. Its established infrastructure, skilled workforce, and strategic location have consistently drawn leading global companies to set up and expand their operations here, reinforcing the state’s reputation as a premier destination for high-tech manufacturing and innovation. With that, I am confident RIGOL will be able to leverage on Penang’s robust industrial ecosystem to continue to uphold its mission of ‘enabling technology exploration, empowering possibilities and more”.

Mr. Wang Ning, the Chief Executive Officer of RIGOL Technologies Co., Ltd., stated,

“Rigol Technologies (Malaysia) Sdn. Bhd. not only represents a significant milestone in our global expansion strategy, but also underscores our dedication to delivering exceptional service to our international customers. By enhancing our service capabilities in overseas markets, we are positioning ourselves to better meet the growing demands of our clients, while simultaneously ensuring that we remain agile and responsive. Furthermore, this initiative allows us to maintain steady growth within the industry. By creating 150 job opportunities, RIGOL Technologies aims to nurture and develop a new generation of professionals in related technological fields. This is an exciting time for RIGOL, as we continue to build on our legacy of innovation and excellence.”

What You Missed:

Measure With The Right Twist Using ZEISS Articulating Stylus
Chinese Enterprises Eye Manufacturing Opportunities In The Philippines
More Factories Relocate From China To Malaysia Over Restrictions
LG-Hyundai Electric Car Battery Factory To Open On 3 July 2024
Chinese Automakers Double Down On Presence In Thailand
Hitachi Industrial Equipment Systems’ ML Predictive Diagnosis Service For Air Compressors
TSMC Sees Annual Sales Growth To Reach 10% In Semiconductor Industry
Vietnam Versus Malaysia For Semiconductor Design Hub Crown
Vietnam Sluggish Auto Sales Hit Major Motorshow
Motional Flies Solo After Aptiv’s Curtain Call

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post RIGOL Technologies Opens Its First Manufacturing Facility And R&D Centre In Malaysia appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Source: Bastillepost

Data from the National Bureau of Statistics (NBS) shows that the country’s value-added industrial output expanded 5.1% year-on-year in July, with 33 of the 41 major industrial sectors experiencing growth.

Notably, the value-added output of equipment manufacturing enterprises increased by 7.3% year-on- year, contributing 2.4 percentage points to the entire industrial output growth. The new growth drivers of the manufacturing sector, including high-end equipment manufacturing, information technology, green industries, were also major contributors to the industrial output growth in July.

“On one hand, the digital and eco-friendly transformation in manufacturing is accelerating, leading to more robust growth. On the other hand, emerging industries such as new energy and new materials are developing rapidly, becoming new momentum and new driving forces for industrial growth. The role of the equipment manufacturing industry as a ‘ballast stone’ is becoming more prominent.” said Gong Tianxiao, Deputy Director of the Institute of Information and Industrialisation Integration at the China Academy of Information and Communications Technology (CAICT).

Last month, the output of aerospace vehicles, electronic and communication devices, and computers and office equipment saw double-digit year-on-year increases. In terms of products, the production of civil drones, service robots, integrated circuits, and industrial robots all saw rapid double-digit growth.

Additionally, green industry production surged last month. The production of new energy vehicles surged by 27.8% year-on-year, polysilicon by 27.3%, and wind turbine by 39.6%. The industrial output measures the activity of enterprises each with an annual main business turnover of at least RMB20 million (about US$2.8 million).

What You Missed:

Vietnam Manufacturing Output Surges to a 13-Year High
Mercedes-Benz Korea Makes Batteries Information Public In Its EVs
Malaysia Launches First Chip Design Park In Puchong
HP Eyes Thailand In Plans To Shift Production From China
Hyundai To Invest US$28 million In Thailand For EV Assembly And Batteries
Industrial Automation Redefined: Insights From ARC Industry Leadership Forum
Malaysia Sets Its Eyes On Medical Devices Manufacturing Market
Singapore Prepares More Land To Woo Semiconductor Giants Looking To Ride AI Wave
Chinese Enterprises Also Eye Manufacturing Opportunities In The Philippines
More Factories Relocate From China To Malaysia Over Restrictions

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post New Growth Drivers In Manufacturing Boost China’s Industrial Output In July appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Source: Manufacturing Asia

“A further substantial rise in new orders led manufacturers to ramp up production, with the rate of growth quickening to a near-record high,” the company said in its latest report on Vietnam’s manufacturing.

The country’s Purchasing Managers’ Index in July was at 54.7, unchanged from June, and the last time growth was faster was in November 2018. A PMI of above 50 indicates an expansion in manufacturing PMI.

“New orders increased for the fourth month running in July, with the rate of expansion only slightly slower than the near-record posted in June.”

S&P linked this to stronger market demand and an increase in customer numbers. New export orders also rose, but some firms reported that export demand had been hampered by high shipping costs.

To fulfill a surge in demand, firms needed to dip into existing stockpiles to help meet new order requirements. Stocks of finished goods were depleted to the second-largest degree on record, behind only that seen in February 2014.

Firms expanded capacity by increasing both their purchasing activity and employment at the start of the third quarter. Whilst input buying rose markedly, staffing levels increased only modestly and at a softer pace than in June.

Input costs continued to shoot up during July, with the pace of inflation marginally weaker than the two-year high seen in June. Suppliers had reportedly raised their charges, while increased shipping costs were also a factor.

Rising costs for raw materials and shipping meant that manufacturers increased their selling prices for the third month running in July. Expectations that new orders will continue to rise over the coming year supported confidence in the outlook for production.

Around 40% of respondents expressed optimism, but sentiment eased to the lowest since January and was weaker than the series average.

“The fact that the Vietnamese manufacturing sector was able to sustain the strong expansion seen in June through into July adds to optimism that we are at the start of a good spell of growth that will help drive the wider economy forward,” said Andrew Harker, economics director at S&P Global Market Intelligence.

What You Missed:

Mercedes-Benz Korea Makes Batteries Information Public In Its EVs
Malaysia Launches First Chip Design Park In Puchong
HP Eyes Thailand In Plans To Shift Production From China
Hyundai To Invest US$28 million In Thailand For EV Assembly And Batteries
Industrial Automation Redefined: Insights From ARC Industry Leadership Forum
Malaysia Sets Its Eyes On Medical Devices Manufacturing Market
Singapore Prepares More Land To Woo Semiconductor Giants Looking To Ride AI Wave
Chinese Enterprises Also Eye Manufacturing Opportunities In The Philippines
More Factories Relocate From China To Malaysia Over Restrictions
LG-Hyundai Electric Car Battery Factory To Open On 3 July 2024

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

CONNECT WITH US:  LinkedIn, Facebook, Twitter

Letter to the Editor
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!

Email your letter to the Editorial Team at Christellee@epl.com.sg

The post Vietnam Manufacturing Output Surges to a 13-Year High appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.