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LATEST INVESTMENTS


AUTOMOTIVECOMPONENTS DOUBLINGDOWN Suzhou Aichi Gauss Motor, an electric motor manufacturer and a subsidiary of Japan-based Aichi Electric, has invested Y4.5bn ($42.7m) to expand to a new facility in Suzhou, China. The new 28,430 sqmplant manufactures hermetic motors with a capacity of 6 million units annually, more than double that of its previous facility.


ELECTRONICCOMPONENTS GROWINGGREEN RenewSys India, a manufacturer of solar module components and a subsidiary of Nigeria-based Enpee Group, has expanded capacity at its facility in Bangalore, India. The company has increased its encapsulant lines to 3GW (from 1.65GW) and backsheet capacity to 4GW (from 3GW). The expansion will serve the domestic market.


FOODANDBEVERAGES MEAT-FREEINASIA US-based Eat Just, a producer of plant-based alternative protein products, will invest $120m to establish a manufacturing plant in Singapore, serving customers in Asia. The project follows the news that Eat Just has raised $100m from a consortium led by Proterra Investment Partners Asia.


MEDICALDEVICES NEWMANUFACTURINGFACILITIES Tegra Medical, a provider of contract manufacturing and assembly


services for the medical device industry and a subsidiary of Switzerland-based SFS Group, has opened two new manufacturing facilities in Johor Bahru, Malaysia and Nantong, China.


TRANSPORTATION& WAREHOUSING FEDEXINTHEPHILLIPINES Shipping services company FedEx Express, a subsidiary of US-based FedEx, is expanding its presence in the Clark Freeport Zone, Angeles, the Philippines with a new $30m gateway facility. The 17,000 sqm facility is scheduled to commence commercial operation in April 2021 and will serve the domestic market.


REALESTATE SOUTHKOREANPROPERTY Taubman Asia, a subsidiary of US-based Taubman Centers, has opened a new 92,905 sqmretail and entertainment development project in Anseong, South Korea in a joint venture with local company Shinsegae Property.


RENEWABLEENERGY INDONESIANSUBSIDIARYOPENS LYS Energy Group, which builds, owns and operates photovoltaic systems in the Asia-Pacific region and operates as an ultimate subsidiary of France-based Engie, has opened a new subsidiary office in South Jakarta, Indonesia. Operating under the name PT LYS Energy Indonesia, it will serve the domestic market.


This investment news and data has been provided by fDi Markets, a crossborder investment tracking service that is part of The Financial Times Ltd’s fDi Intelligence division (www.fdiintelligence.com)


ASIA-PACIFIC TOPCOUNTRIES FOR GREENFIELDFDI BY PROJECTNUMBER (2003- 2019)


STATS


10 15 20


0 5


Source: fDi Markets December 2020/January 2021 www.fDiIntelligence.com


Viewfrom


Asia B


ackinMay2010,Iwrote thatAsiawasundergoing


arockyrecoveryamid multipletransformations afterthe2007economic


crisis.Throughoutthisdecade,Asia becamemoreintegratedintotheworld flowsofproduction,trade,talentand technology.In2014,thePhilippineswas theworld’sfastestgrowingemerging marketeconomy,surpassingMalaysia asthethird-largesteconomyinsouth- eastAsiain2017.Theyear2018sawtwo notableachievements.Chinasurpassed theUSintermsofpurchasingpower parityandIndiaovertookJapanasthe second-largesteconomyinAsiaandthe third-largestglobally. Whattrendswilldefinethenext


decadeofeconomicdevelopmentFDIin Asia-Pacific?Oneeconomicdriveristhe RegionalComprehensiveEconomic Partnership(RCEP)signedonNovember 15,whichemphasisesdeeper investmentintegration.TheFinancial TimesreportedthatRCEPissetto challengetheEUastheworld’slargest investmentbloc,asitpromisestofoster integrationamong15Asia-Pacific countries,representingathirdofthe globalpopulationandoutput. Anotherdriveristechnology.Rapid


Industry4.0isexpectedtosweepacross Asia,moreefficientlyconnectingpeople acrossthecontinent.Othertrends includeincreasingAsiandemandfor goodcorporateanti-plastic sustainabilitystewardship,rapid urbanisation,consumerism,increasein knowledge-intensiveservicestradeand shorterlocalisedsupplychains. WhatdifferentiatesAsiaisitshigher


ASIA-PACIFIC TOPCOUNTRIES FOR GREENFIELD FDI BY CAPEX (2003-2019)


500 1000 1500 2000


0 Source: fDi Markets 67


authoritariangovernance,beitstate- ownedenterprisesorlarge conglomerates.Theseareabletoadopt along-termfocusonorganicgrowth. My2010adviceremainsrelevant:


beforeexecutingmarketentryor expansionplans,investorsshouldfirst understandthecomplexityofdiverse Asiawithitssimultaneousquadruple currentsintechnology,middle-class consumerism,intra-regionaltradeand evolutionofpoliticalstategovernance, especiallythedevelopmentaland bureaucraticstatemodels.■


Lawrence Yeo is CEO and principal consultant of AsiaBIZ Strategy, a Singapore-based management consulting firm providing Asia market research, and investment/trade promotion services.


E-mail: lawrence@asiabizstrategy.com


Project number 000s


CHINA INDIA


SNGAPORE AUSTRALIA VIETNAM


Capex ($bn)


CHINA INDIA


AUSTRALIA VIETNAM INDONESIA


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