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Factories boost wages despite declining orders

Factories boost wages despite declining orders

In anticipation of a future recovery in demand, several factories are raising wages for their employees next year, despite current challenges with reduced orders and revenues.
Asia's factories squeezed as China's nascent recovery teeters

Asia's factories squeezed as China's nascent recovery teeters

South Korea's Amkor opens $1.6B factory in Vietnam

South Korea's Amkor opens $1.6B factory in Vietnam

China's factory activity recovery slows in September

China's factory activity recovery slows in September

China's factory activity expanded at a slower pace in September, a private-sector survey showed on Sunday, with sluggish external demand weighing on the outlook even as output increased.
October 1, 2023 | 08:26 pm PT
PM urges Nvidia to set up Vietnam factory

PM urges Nvidia to set up Vietnam factory

Vietnam Prime Minister Pham Minh Chinh has urged U.S. chip giant Nvidia to invest in Vietnam and make the country its manufacturing hub in Southeast Asia.
September 19, 2023 | 05:51 pm PT
India's Tata chooses UK for $5 bln Jaguar Land Rover gigafactory

India's Tata chooses UK for $5 bln Jaguar Land Rover gigafactory

India's Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a car industry in need of domestic battery production to help secure its future.
July 19, 2023 | 03:48 am PT
South Korea factory activity suffers longest downturn in at least 19 years

South Korea factory activity suffers longest downturn in at least 19 years

South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery.
July 2, 2023 | 08:50 pm PT
Intel to invest $25 billion in Israel factory in record deal

Intel to invest $25 billion in Israel factory in record deal

U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country.
June 18, 2023 | 08:56 pm PT
Taiwan's Apple supplier Quanta plans Vietnam factory

Taiwan's Apple supplier Quanta plans Vietnam factory

Apple supplier Quanta Computer plans to set up a factory in northern Vietnam, the Vietnamese government said.
April 24, 2023 | 01:22 am PT
Lack of orders, losses leave factories’ survival up in the air

Lack of orders, losses leave factories’ survival up in the air

Industrial producers are struggling to keep operations going as losses mount due to plunging orders and push many close to bankruptcy.
April 17, 2023 | 08:08 pm PT
Tesla to build Shanghai factory to make Megapack batteries

Tesla to build Shanghai factory to make Megapack batteries

Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
April 9, 2023 | 05:03 pm PT
Japan factory activity shrinks at slowest pace in five months

Japan factory activity shrinks at slowest pace in five months

Japan's factory activity shrank at the softest pace in five months in March due to an expansion of inventories, but still-weak global and domestic demand conditions meant the post-COVID economic recovery will take a while to solidify.
April 2, 2023 | 07:25 pm PT
Vinamilk, Sojitz begin work on giant beef processing complex

Vinamilk, Sojitz begin work on giant beef processing complex

Construction of a cattle farm and beef processing plant began Wednesday in Vinh Phuc by a joint venture between dairy giant Vinamilk and Japan’s Sojitz Corp.
March 8, 2023 | 10:21 pm PT
Order plunge sees factories strive to retain workers

Order plunge sees factories strive to retain workers

Factories aim to retain their employees by offering them early bonuses, food, and a possible salary increase.
November 13, 2022 | 03:00 pm PT
Workers laid off as global demand falls

Workers laid off as global demand falls

Textile and electronics companies are cutting overtime and working hours to their workers’ dismay as global consumer demand fall.
August 16, 2022 | 06:26 pm PT
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