For companies with several offices, whether regionally or globally, it is important to identify a headquarters that provides management, support, financial assistance, and other services to offices and operations. As a variety of Southeast Asian economies continue to experience rapid growth and barriers between nations are reduced, the advantages of multi-jurisdictional supply chains grows ever greater. Establishing a regional headquarters in a Southeast Asian country can prove to be a worthwhile investment because it will allow the company to have access to the massive (Association of Southeast Asian Nations) ASEAN market.
ALIBABA’S financial affiliate Ant Financial Services said it has made a strategic investment in Thailand’s payment service provider Ascend Money, a subsidiary of Thailand’s Charoen Pokphand Group Co Ltd, as a key step for the payment company to expand its overseas footprints.
Laos, Malaysia and Thailand on Wednesday have inked an agreement that paves the way for multilateral trade in electric power by 2018. This represents a push for regional cooperation to enhance connectivity and sharing of resources. Under the Memorandum of Understanding signed by the three neighboring countries, Malaysia will import up to 100 megawatts of hydroelectric power from Laos, which will be transmitted on the existing power grid that passes through Thailand.
With a long history stretching back over 160 years, Lohmann is one of the pioneering forces in adhesive tape technology. The Group now offers the most advanced adhesive solutions to all corners of the world. The Adhesive Tape Group is headquartered in Neuwied, Germany. With approx.1700 employees worldwide, state-of-the-art coating plants in Europe, Asia and America, 29 subsidiaries and exclusive sales partners in over 50 countries, Lohmann solutions are in high global demand across numerous areas of industry. With its Business Unit Asia Pacific Lohmann is successfully working in many Asian countries and cities, e.g. China, India, Korea, Japan, Singapore – in some of them for a very long time. Since the middle of this year the “Bonding Engineers” also have a new site in Bangkok, Thailand.
The German photovoltaic specialist has joined forces with other companies in the industry as part of a new initiative. The “Powerful Blueplanet” alliance is aiming to further the development of the solar energy business in Thailand. The launch event took place in Bangkok at the end of September.
Kärcher Retail Limited officially opened its new branch in Chonburi on 26 August 2016. Kärcher is currently the world’s leading provider of efficient, resource-conserving cleaning systems. By the end of 2015, the company had set a new sales record totalling EUR 2.22 billion and had 11,333 employees in 60 countries.
Thailand – Schaeffler Group has officially inaugurated its first production facility in Chon Buri, targeting customers across Southeast Asia and Oceania
Schaeffler inaugurated the new EUR 20 million (THB 778 million) plant at the Hemaraj Chonburi Industrial Estate II on 13 November 2016. The 55,000-square-metre facility had a pilot launch in February, making four automotive components: clutch release systems, clutch pressure plates and discs, mechanical and hydraulic belt tensioners, and synchroniser rings. Its annual production totals 500,000 to 1 million pieces of each product type. The new plant is the company’s fifth manufacturing facility in Asia, along with three in South Korea and one in Vietnam. An engineering centre has also been set up to cooperate closely with its R&D unit in Yokohama, Japan. (Bangkok Post, 13 November 2016).
Wacker Chemie AG has expanded its range of services in Asia with today’s official opening of a new food laboratory at its Technical Center in Singapore. The regional competence center now has a newly created laboratory dedicated to innovative food ingredients, dietary supplements and gumbase applications, e.g. for fat-free desserts, egg-free bakery goods, coconut milk powder without caseinate, vegan meat flavors and highly bioavailable curcumin. The new laboratory enables WACKER to provide its customers in Asia with even better service as well as support for the development of novel, tailored products in the fast-growing market for food solutions.
Evonik Industries plans to build a second world-scale plant for the production of the amino acid DL-methionine in Singapore are fully on schedule. The company marked the official start of construction with a symbolic ground-breaking ceremony today, officiated by Tharman Shanmugaratnam, Singapore Deputy Prime Minister & Coordinating Minister for Economic and Social Policies. The complex will have an annual production capacity of 150,000 metric tons and is expected to become operational in 2019, with investment costs of more than half a billion euros. Evonik sells DL-methionine under the brand name MetAMINO®.
DHL Express today launched the EUR 85 million DHL South Asia Hub, a 24-hour express hub facility located within Changi Airfreight Centre (CAC) at Singapore Changi Airport. The 23,600 sqm facility is outfitted with the industry’s first fully automated express parcel sorting and processing system in South Asia, and is set to boost its operational capacity and efficiency – offering speedier deliveries for customers in the region.