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New Zealand-based The A2 Milk Company has successfully finalized a $282 million acquisition of Yashili New Zealand’s Pokeno nutritional manufacturing facility. The deal was made with China’s Mengniu Dairy Group. Full Ownership and Future Plans With this…
DHL Express is set to build a logistics center for international air shipments at Helsinki-Vantaa Airport and is allocating around €100 million for the entire lease period for new premises and technology in the Aviapolis area. Once operational, the airside…
A new state-of-the-art engineering test facility, built at the headquarters of Bentley Motors in Crewe, UK, is nearing completion. In place of the traditional final beam marking the occasion, a native British Oak tree was planted by Members of the Bentley…
Vietnam’s biggest dairy company plans to open a plant in Myanmar this year and is preparing to enter Indonesia and China. The Myanmar factory will be Vinamilk’s second in Southeast Asia after acquiring its first in Cambodia. It is in discussion for one joint…
Vietnam needs to make its supporting industry a production base for the global manufacturing chain, PM Nguyen Xuan Phuc says. “Vietnam should become a production base for multinational companies. This is what the Ministry of Industry and Trade and other…
Hyundai Motor Group has introduced a 1.67 trillion won ($1.49 billion) support program for small and midsized auto parts suppliers, the company said Thursday. As auto parts suppliers in Korea tend to be highly dependent on the performance of carmakers, the…
Apple’s biggest iPhone assembler Foxconn is considering setting up a factory in Vietnam to mitigate any impact of the ongoing trade war. The report from Vietnamese state media comes after several executives interviewed last week singled out Vietnam and…
Hyundai Motor refused a revised plan that removed a restriction on collective wage bargaining at a proposed plant in Gwangju, further complicating plans for the factory. A council with representatives from the local government and area employers, labor unions…
DHL Express has opened its Jakarta Gateway 530 facility at Soekarno-Hatta International Airport to support Indonesian trade. According to DHL, the new 1,353-square-metre facility is an addition to the existing Gateway 510, which is at full capacity. Gateway…
Yusen Logistics is establishing a temperature-controlled distribution center in Phnom Penh, Cambodia. It is one of Cambodia’s largest cold storage facilities. The facility strengthens Yusen Logistics distribution network in Asia and will support Cambodia’s…
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