LOGISTICS
CMG port construction
China Merchants Group (CMG) will build a $1bn port in Vietnam— the 136-year-old conglomerate’s first major venture ever sited outside its homeland. CMG covers three core sectors of transportation and related infrastructure, financial investment and asset management, as well as property development and management. It is a major investor and operator of transportation infrastructure in China’s mainland and Hong Kong, having invested in 2300 kilometres of toll roads and bridges in more than 17 provinces and cities.
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CMG is the owner of the largest ship-repairing yard in Hong Kong, and is building the largest world-class ship repairing base in Mazhou Island of Shenzhen.
MANUFACTURING
GE turbines in India
General Electric is planning to set up a new plant in India to manufacture steam turbines for power projects of up to 1,000MW and is on the lookout for partners. GE has already started discussions with domestic companies to partner in the operation.
Hon Hai to invest $1bn
Hon Hai Group, the world’s largest electronic manufacturing service provider, is going to invest $1bn to build a manufacturing complex in Hanoi, Vietnam. Hon Hai provides mechanical solutions. It is the largest manufacturer of connectors for use in personal computers in Taiwan, and a leading manufacturer of connectors and cable assemblies. The company also manufactures enclosures, primarily for desktop PCs and PC servers.
Ford to locate in Thailand
Detroit-based automotives giant Ford Motor Company will invest $1bn in a new car plant in Thailand to produce up to 150,000 vehicles a year, 80% of which would be for export.
Billiton’s Philippines dig
BHP Billiton, the Australian mining company, will invest $800m-$1.5bn in a nickel processing plant in Davao Oriental, southern Philippines. The plant will have annual capacity of 50,000 metric tonnes. BHP Billiton – by some measures the world’s largest mining company — has some 39,000 employees working in more than 100 operations in 25 countries.
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HEADQUARTERS
Asia office for standard
Standard Chartered, a UK bank that makes two-thirds of its profits in Asia, will spend $529m on a new office in Singapore that will be the company’s biggest. Singapore will serve as the company’s global headquarters for private and consumer banking, corporate finance, debt capital markets and foreign exchange.
This investment news and data has been provided by OCO Consulting, a provider of strategic consulting services for economic development organisations in the area of FDI. Key services include management consultancy, investor targeting services, training and mentoring, and software development.
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