Vietnam 

Asanzo resumes operation, opens another factory – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  CEO of Asanzo Phạm Văn Tam (centre) and the firm’s officials host a press conference in Hà Nội on September 17. — Photo Minh Hương HÀ NỘI – CEO of Asanzo Vietnam Electronics JSC, Phạm Văn Tam announced in Hà Nội yesterday that his business was “vindicated” and would return to operations from September 17. At a press conference held by television maker Asanzo, lawyer Trần Đức Hoàng said the media accused Asanzo of origin fraud and cheating customers but the General Department of Market Management…

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China 

GM strike is example of how US labour unions are killing manufacturing, says ‘American Factory’ boss

Cao Dewang, the Chinese owner of the Ohio car glass factory featured in the documentary film American Factory, said the western labour union system is no longer fit for the development of manufacturing and that the system in the United States is the main driver behind the demise of made in America products.The 73-year-old Chinese entrepreneur said that he would rather close down his factory in Dayton, Ohio, than allow a labour union to run it, reiterating his stance voiced in the documentary… Source link

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Vietnam 

Upgraded Thaco KIA factory inaugurated – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Thaco introduced the new Kia Soluto model with three versions AT Deluxe, MT Deluxe and MT at the inauguration ceremony of upgraded Thaco KIA factory on Saturday. — VNA/VNS Photo Trần Tĩnh HÀ NỘI — Trường Hải Auto Corporation (Thaco) on Saturday inaugurated the upgraded Thaco KIA factory at Tam Hiệp Industrial Park in the central province of Quảng Nam’s Chu Lai Open Economic Zone. CEO of Thaco Phạm Văn Tài said after seven months of studying, designing and upgrading, the factory has been completed with supervision and technical support…

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Vietnam 

Chinese firm invests in $50m factory in Bình Phước – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Kuka Home and the People’s Committee of Bình Phước Province sign the land lease contract. — Photo Dương Chí Tưởng   HÀ NỘI — Chinese furniture manufacturer Kuka Home on Tuesday signed a land lease contract with the People’s Committee of Bình Phước Province. Kuka will rent 12ha of land in Đồng Xoài III Industrial Park to build a wooden furniture manufacturing factory. The project has an investment capital of more than US$50 million. Once operational, it is expected to create jobs for 3,000-4,000 local labourers. Currently,…

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Home 

How Fuyao Glass, at the centre of documentary American Factory, became a dominant player, and why it is under pressure now

This image released by Netflix shows Wong He, left, working with Kenny Taylor, centre, and Jarred Gibson, right, in the furnace tempering area of the Fuyao Glass America Factory in Dayton, Ohio, in the documentary film, American Factory. Photo: Netflix via Associated Press Source link

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Home 

How a Chinese accountant turned a dying state-owned factory into world’s No 1 display maker supplying Apple, Huawei

Wang Dongsheng was 35 when he pooled money with his colleagues to take over the state-owned vacuum-tube factory that they worked at. That was 1993, when Beijing Electronic Factory, first set up in the 1950s with help from the former Soviet Union, found itself teetering on bankruptcy after being unable to compete as the economy began to open up under the reforms initiated by the late paramount leader Deng Xiaoping.Fast-forward to 2019 and the reborn BOE Technology Group has a market valuation of… Source link

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China 

‘American Factory’ stirs mixed feelings in China over working conditions and culture

For American viewers, the Netflix documentary American Factory reveals the life of US workers on Chinese-owned production lines.But for Chinese viewers, the film serves as a reminder of the human costs behind China’s rise as a manufacturing superpower – and it has generated strong interest in the country as the US-China trade war intensifies.The film, backed by Barack and Michelle Obama’s new production company, documents how Chinese auto-glass company Fuyao built a factory near Dayton, Ohio,… Source link

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Vietnam 

Chinese firm to invest in $2b factory in Thanh Hóa – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of Nghi Sơn economic zone in the central Thanh Hóa Province.— Photo tbck.vn HÀ NỘI — Chinese steel firm Mintal Group Co. Ltd has expressed a desire to build a US$2 billion Ferocrom, stainless steel and non-ferrous metal factory in central Thanh Hóa Province’s Nghi Sơn economic zone. The issue was discussed during a recent meeting between Mintal Group’s representatives and the Provincial People’s Committee (PPC). Specifically, the group will invest in a Ferocrom factory with a capacity of 1.5 million tonnes per year in the first phase and a…

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Home 

Uncertainty hangs over Foxconn’s newest China factory as trade war and economic slowdown take a toll

When ground was broken in March 2017 for a new US$9 billion factory owned by a subsidiary of Foxconn Group, the event was witnessed by then Guangdong party secretary Hu Chunhua and Terry Gou Tai-ming, the Taiwanese billionaire who created Foxconn, the world’s largest assembler of Apple’s iPhones and tablets.The plant was hailed by local media as an example of Chinese efficiency in promoting investments that matter for the future and the country’s key role in the global value chain.The Southern… Source link

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Home 

Donald Trump said his tariffs on Chinese imports would bring factory jobs back to the US, but that’s not happening

When US President Donald Trump’s administration imposed tariffs on US$250 billion of Chinese goods last July, the move was sold to the American public as a magic bullet that would bring jobs back to the US. It misfired.Under mounting pressure as tariffs threaten to drive up costs, US manufacturers in China are indeed packing up and heading elsewhere. Companies including Nike, Crocs, Roomba and GoPro are now producing most of their goods outside the country, having set up operations in Vietnam,… Source link

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