Asia > Manufacturing

Manufacturing in Asia

  • Turkmenistan seeks to raise investments in textile industry

    TURKMENISTAN, 2016/05/28 Turkmenistan aims to further raise foreign investments and introduce new technologies, create the majority favorable conditions for investors in its textile industry, the 'Neutral Turkmenistan' newspaper reported May 25. The newspaper said that over the years of independence, cotton fiber processing increased from 3 % to 51 % in the country.
  • Sri Lanka’s clothing industry looks to regain competitiveness

    SRI LANKA, 2015/12/27 With an eye on the target of reaching $8.5bn worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from the EU. Sri Lanka has carved a niche as an international centre for clothing manufacturing despite tough regional competition, with the high-price segment performing particularly well. However, a decision in 2010 by the European Commission to temporarily revoke the low or non-existent tariffs awarded to the country under the Generalised System of Preferences Plus (GSP+) scheme has inhibited additional robust sector increase in the intervening years. Sri Lanka lost its GSP+ concessions following an investigation into alleged human rights abuses at the end of the country’s civil war, though it retains access to the standard GSP scheme, which grants some, albeit fewer, preferential import tariffs.
  • China's manufacturing sector, which has been heralded as the factory of the world,

    CHINA, 2015/05/04 Factory activity in the world\'s second major economy, China, held steady in April, coming in slightly above market expectations. The official manufacturing purchasing managers\' index (PMI) was at 50.1 in April, the same level as in March and above expectations of a reading of 50. It was above the crucial 50 mark again, which separates increase from contraction in the industry. Manufacturing activity had contracted in the initial two months of the year.
  • China billionaires take Tesla for example

    CHINA, 2015/04/30 US-based electric automaker Tesla Motors has swiftly graduated from being a new energy startup to a fully fledged automaker that has its shares traded publicly and expands on a world level. While it still has just one model in its dealerships, the carmaker has a successful business model so far, which allowed it to be intensely courted by investors and as well plan huge investments – such as the world’s major battery production facility. Its business model is as well one to be noted in a specific automotive segment – electric cars. And their influence has spread all the way to China – which has numerous billionaires willing to invest in the automotive field, since the country is the planet’s biggest auto market.
  • Kazakhstan to introduce privileges for purchase of domestically produced cars

    KAZAKHSTAN, 2015/03/19 The Kazakh government is carrying out a number of measures to promote the development of its auto industry, which was significantly impacted by neighboring Russia's economic slump. Kazakhstan will introduce privileges for the purchase of domestically produced cars starting from April. The people will be able to buy cars at reduced interest rates - four %, and below six % leasing for legal entities, Almaty TV channel reported. But these benefits will be applied only to vehicles produced in Kazakhstan. In order to support the domestic auto industry, the government allocated 20 billion tenge ($108 million), 15 of which are intended for individuals.
  • Overview of the Manufacturing Sector in Indonesia

    INDONESIA, 2015/02/22 Manufacturing was a key driver of the Indonesian economy from the 1980s up until the end of the 1990s. The sector continues to be a major source of employment for the country by employing 14.4 million people as per the end of 2010. From presently on productivity and increase levels have not matched that of regional competitors in core industries such as textiles. Indonesia presently faces a transformed world trading environment from its heyday; faced with fierce competition from free trade agreements across the ASEAN and China. Such competition has served to highlight the inadequacies in areas such as technology, infrastructure inclunding the slow pace of reform in industry regulations to attract foreign investment . However a stable political and economic environment, the latter having been largely fuelled by domestic consumption, is raising confidence in the manufacturing sector for both local and international investors. Moving up the price added chain in order to fully take chance of the country’s wealth of natural resources will be the next step to raise Indonesia’s manufacturing competitiveness on the world stage.
  • Overview of the Food & Beverage Sector in Indonesia

    INDONESIA, 2015/02/22 The food and beverage sector is where Indonesia’s local companies have made a mark in price added products both domestically and worldwide. The increase of the sector has been fuelled by rising incomes and increased spending on food by the middle class that presently make up a 30 million person market. Urban lifestyles are giving rise to a additional varied diet which is supported by the development of retail infrastructure in the form of malls and hypermarts (see The Rise of Modern Retail Outlets). For the country as a whole, price fluctuations brought about by the increasing price of imported goods such as wheat and processed chocolate can have a significant impact on consumer behaviour. The challenge for the food and beverage industry is to get a handle on import reliance to keep prices down and to strengthen branding for consumers in Indonesia inclunding the rest of the ASEAN.
  • Rwanda: India Imparts Skills to Local Manufacturers

    INDIA, 2015/01/30 Rwandans will be able to acquire various manufacturing skills from the India-Africa Vocational Training and Incubation Centre launched yesterday in Nyarutarama, Gasabo District, Kigali. The centre will provide training to bridge the skills gaps and reduce unemployment. It consists of eleven fields: bakery, tomato ketchup and fruit juice making, edible oil extraction, packaging, soya milk extraction. Others are automatic wire nail manufacturing, paper napkin and toilet roll manufacturing, knitting, stitching and embroidery, cell phone repair, potato chips manufacturing, popcorn making, ice cream cone making, fashion design, and crockery, part others.
  • Thailand's factory output dropped for a 13th straight month in April,

    THAILAND, 2014/05/28 Thailand's factory output dropped for a 13th straight month in April, underscoring the damage political unrest has caused and the tough job the new military government faces reviving an economy that shrank in the initial quarter. The decline was less than estimate. Industrial output in April was 3.9 % lower than a year before, the Industry Ministry said. That compared with March's revised drop of 10.5 and a 6.4 % decline seen in a Reuters poll.
  • We plan to produce over 60,000 cars per year

    KAZAKHSTAN, 2014/02/07 Kazakhstan's car industry plans to increase car production to 60,000 per year from 2014, Kazakh Industry and New Technologies Minister Investment Issekeshev said at an expanded board conference of the ministry. "The ministry will pay appropriate attention to the development of national machine building in 2014. We plan to produce over 60,000 cars per year in the industry this year," the minister said. The minister stressed that the plan is based on the integration processes in which Kazakhstan participates.