Germany's BioNTech revises its vaccine factory network plans in Africa.

BioNTech SE is revising plans to construct a manufacturing network of vaccine plants in three countries in Africa, just over a year after breaking ground on the first facility in Rwanda.

According to people familiar with the project who requested anonymity to discuss confidential inform...

LG Energy Solution and Hyundai Motor Group Set Up a Joint Venture for NA Battery Cell.

Hyundai Motor Group said on May 26 that it had signed a deal with LG Energy Solution to set up a joint venture factory in the U.S. to make battery cells for electric vehicles (EVs) by 2025.

The joint venture factory will be built in Bryan County, Georgia, where the Hyundai Motor Group M...

Sony plans to construct a new semiconductor factory in the southwest of Japan

The Sony Group Corp is reportedly planning to invest several hundred billion yen in a new plant in southwestern Japan to manufacture semiconductors used in smartphones.

The new Sony facility in Kumamoto Prefecture is expected to begin operations in fiscal 2025 or later, and building mig...

Bosch will be investing more than EUR 400 Million in chip production in Germany and Malaysia

Robert Bosch, the German technology group has set aside more than EUR 400 million for investing in microchip production in Germany and Malaysia. The company is carrying out this investment to ease a global chip shortage by next year.

Highlights

• Shortag...

Bengaluru based company to launch electric four-wheeler

Highlights

• The company has two more products in pipeline
• They have developed their own battery and motor

The Bengaluru based company, has launched its maiden product Simple one, and is now looking to launch an electric four-wheeler v...

REPORT: NISSAN IN TALKS OEVR EV BATTERY FACTORY IN UNITED KINGDOM

Highlights:

• Nissan is in talks over the production of an electric car battery factory in United Kingdom
• The discussions have been part of a plan for making Sunderland, the largest high-volume EV site outside Japan

According to a repo...

GENERAL MOTORS FIRES ALL WORKERS FROM PUNE FACTORY

HIGHLIGHTS

• General Motors has fired all employees in its Pune factory.
• Total 1419 workers were fired.

Among layoffs in the Indian Automobile Sector, the latest one appears to be one of the biggest as General Motors has fired all of i...

AFTER A DISMAL FEBRUARY, U.S. FACTORY OUTPUT JUMPS IN MARCH

Highlights
1. According to Federal Reserve data released on Thursday, the jump of 2.7 percent in output comes after a downwardly revised 3.7% decline in February

2. The numbers for March was lower than forecast courtesy of automakers as they continued to deal with the shortages o...

CHINA’S FACTORY GATE PRICES ROSE IN FEBRUARY 2021

Highlights –

• China’s factory gate prices rose in February 2021.
• The country’s producer price index (PPI) rose by 1.7% in 2021.
• Exports in the country grew at a record 154.9% in the dollar.
• Last week Beijing set...

LG ELECTRONICS TO SPEND $45 MILLION TO SET UP PRODUCT TESTING FACILITY

Highlights –

• LG Electronics to spend $45 million to set up a product testing facility.
• The company will set up the same at its second factory in Changwon.
• LG's Changwon 2 factory is said to produce home appliances including washer...

THAI POLICE RAIDED GLOVES PACKAGING FACTORY THAT PLANNED TO SELL USED HAND GLOVES

HIGHLIGHTS

• Many packs of utilized clinical gloves which were being boxed for resale were held onto when police attacked an illicit plant in Lam Luk Ka region on Tuesday

The reused gloves cost an expected 100 million baht on the retail market.&n...

Covid-19 Update: Global Smart Factory Market is expected to grow at a CAGR of 13.3% over the Forecast Period, Owing to Adoption of Collaborative Robots to Augment Workforces, says Absolute Markets Insights

Rising investment in Industrial Internet of Things (IIoT) platforms by discrete manufacturing industries such as automotive, aerospace and defence amongst others is driving the growth of smart f...

AS CORONAVIRUS PROTECTION MASKS CAME UNDER POLITICAL RADAR OF HK-CHINA 

HIGHLIGHTS

• Hong Kong facemasks producer Yellowfactory has suspended its business tasks after favorable to Beijing administrators and papers said one of their plans disregarded the public security law

The organization reported on Facebook that t...

FUNSKOOL OBTAINS BIS CERTIFICATE FOR ELECTRIC TOYS

HIGHLIGHTS

• Funskool has got BIS Certificate for electric toys.
• Funskool intends to manufacture electric toys in Ranipet plant of MRF in Tamil Nadu.

Owned by Madras Rubber Factory (MRF) Group, Funskool India has become the first toy m...

LIFE-SIZE MOVING GUNDAM STATUE TO MAKE ITS PUBLIC DEBUT ON DECEMBER

Highlights –

• Life-size moving Gundam statue to make its public debut in December.
• The statue is currently at the Gundam Factory Yokohama complex in Yokohama, south of Tokyo.
• The original opening day was Oct.1 but was delayed due to t...

BACTERIAL INFECTION PLAGUES NORTHWEST CHINA IN SEVERE OUTBREAK FROM BIOPHARMA LEAK

• Several thousand people in northwest China took being plagued with a bacterial disease by testing positive for it, authorities said on Tuesday, in a massive outbreak caused by a leak at a biopharmaceutical company last year.
• The Health Advisory of Lanzhou, the capital of Gansu ...

CHINA’S COVID-19 VACCINES ON DISPLAY AFTER SOME HULLABALOO

• China has showcased its homegrown coronavirus vaccines for the first time, as the country where the contagion originated looks to bring some semblance to the narrative surrounding the pandemic.
• High hopes dangle on the small encased droplets of liquid put on show at a Beijing t...

FACTORY PRODUCTION OF SOUTH KOREA GROWING AT FASTEST PACE

Highlights:

• South Korea’s June factory production is growing at a rate quicker than expected.
• In June, the industrial production has surged by 7.2 percent month-on-month, sharply reversing a 7 percent decline in May. 
• South Korea...

RELIANCE ALL SET TO TAKE OVER KISHORE BIYANI'S FUTURE GROUP

Highlights

• RIL wants to complete this deal before its AGM on July 15

• Jeff Bezos' Amazon intended to acquire Kishore Biyani led Future Group, but RIL offered thorough solution to the company’s debt issues

• Future Group's Future Retail...

MASSIVE FIRE BREAKS OUT AT TWO FACTORIES IN NOIDA

Highlights

• Both the commercial properties are located in different areas of Noida

• Fire at the office of a sanitizer factory in Phase 2 has been successfully controlled by the firefighters

• According to the police, the reason behind this fire at sa...