Industrial News

Conglomerate wants Philippines to lead Southeast Asia in next-gen cars MANILA -- Because no Southeast Asian country has yet developed the infrastructure to support electric vehicles, Philippine conglomerate Ayala can help this country lead the region in that cutting-edge technology, says CEO Arthur Tan of AC Industrial Technology Holdings. The chief of Ayala's manufacturing unit sat down with the Nikkei Asian Review to discuss the conglomerate's push to expand manufacturing operations. AC Industrials, as the unit is commonly known, helps ensure the rest of the group has the cutting-edge technology it needs, Tan said. Now, the vast resources available to the [...]

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KTM Asia Motorcycle Manufacturing, Inc. (KAMMI), a joint venture partnership between Adventure Cycle Philippines, Inc.–owned by AC Industrial Technology Holdings, Inc. (AC Industrials), a member of Ayala Group of Companies–and Austrian motorcycle giant KTM AG (Kronreif & Trunkenpolz Mattighofen AG), recently inaugurated its state-of-the-art manufacturing facility at the Laguna Technopark in Santa Rosa, Laguna–nearly four months after the first locally-assembled KTM motorcycle rolled out of the KTM Philippines plant. “We are further expanding our capabilities as part of our thrust of fostering synergies with Ayala companies,” AC Industrial’s CEO Art Tan said as he disclosed the Ayala conglomerate’s foray into motorcycle assembly as being in line with the [...]

Manila, Philippines – Ayala Corporation (AC), through its manufacturing arm AC Industrial Technology Holdings (AC Industrials), acquired a German auto parts supplier as part of its ongoing expansion spree. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, June 5, AC said AC Industrials "completed the signing and execution of the Share Purchase and Transfer Agreement through AC Industrials (Singapore) Pte Ltd (AC Industrials Singapore) to acquire 94.9% of MT Misslbeck Technologies GmbH (MT) in a transaction valued at €26.8 million ($30.2 million or P1.49 billion) total enterprise value.“ The closing of the transaction is subject to [...]

In response to the increasing demand of cars in the country, Hyundai Asia Resources Inc. (HARI) has recently launched the Hyundai Assembly Center (HAC) located at the Laguna Technopark, Sta. Rosa, Laguna. HARI president and CEO, Ma. Fe Perez-Agudo, opened the doors of the newly constructed production facility, and held a guided tour around the area to executives of Hyundai Motor Company of South Korea, directors of the HARI board, and the company’s expansive dealer network. Unveiled during the launch was a Hyundai Eon and H350, each one brandishing livery with the Philippine flag. At present, the HAC assembles [...]

April 7, 2017, Laguna, Philippines – Integrated Micro-Electronics, Inc. (PH: IMI) announced that it has entered into an agreement with the shareholders of STI Enterprises Limited for the acquisition by IMI on April 6, 2017, through its subsidiary Integrated Micro-Electronics UK Limited, of a 80% stake in STI. The closing of the transaction is subject to completion conditions and regulatory approval. STI is a private limited company based in the United Kingdom which provided electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries. The company currently has two factories in the [...]

Automated Technology (Phils.), Inc. (ATEC) recently acquired a 430,000 sq. ft. property in the same Industrial Zone as its main building in the Light and Industry Science Park I, located in Ampere Street corner South Drive, just a couple of minutes from its main manufacturing plant. This new facility is earmarked for ATEC Connectivity, ATEC's newest Division that specializes in on RF, Microwave and Millimeterwave Electronic Manufacturing Services and business expansion of the Semiconductor Division. The new building has about 100,000 sq. ft. of fully operational manufacturing and office areas with Class 10,000 and 100,000 cleanroom facilities. Its proximity [...]

SAN FRANCISCO—T.J. Rodgers, founder and longtime CEO of Cypress Semiconductor Corp., has filed a lawsuit against his former company and is alleging conflict of interest over Cypress Chairman Ray Bingham’s ties to a China-backed private equity firm that is attempting to buy Lattice Semiconductor Corp. In a statement released Tuesday (Feb. 21), Rodgers said Bingham is one of two founding partners of Canyon Bridge Capital Partners, an equity investment firm backed by the government of China. Canyon Bridge last November agreed to buy Lattice for $1.3 billion. That acquisition is still pending and there is speculation that it may be [...]

MANILA, Philippines - Solar Philippines will showcase the country’s first solar farm equipped with batteries when it completes the first 50 megawatts (MW) of its largest solar project in Tarlac by mid-2017, its top official said yesterday. The company expects batteries to become a game changer in the solar market this year. “Tarlac Phase 1 of 50 MW will be completed by mid-2017 and the total 150 MW are targeted by end of the year,”  Solar Philippines president Leandro Leviste said in a text message yesterday. He said solar-plus-storage projects are already cheaper than expensive diesel and natural gas. [...]

A 600-megawatt solar panel factory is set to start its operations in Santo Tomas, Batangas, marking the first time that solar panels will be produced by a Philippine-owned company. Solar Philippines said the factory will generate about 1,000 jobs and use high-end German equipment and high-efficiency Taiwanese cells. In a statement, Solar Philippines President Leandro Leviste said the country can save P50 billion to P100 billion yearly once it can be demonstrated that solar with batteries can provide reliable power 24/7. “Vertical integration is the key to making solar cost-competitive, as in other countries, where solar is already cheaper [...]