Manufacturing
GM Korea dismisses exit rumors with 2 million vehicle milestone
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GM Korea dismissed rumors of withdrawal during a media briefing at its Changwon plant, reaffirming its commitment to local production as a small SUV hub. The company announced cumulative production of 2 million Trax Crossover and Trailblazer vehicles, with the factory operating at around 95% capacity year-round. It pledged a $600 million investment to bolster Korean operations.
Chinese memory module makers are accelerating production of consumer and enterprise products powered by domestic DDR5 chips. Breakthroughs from ChangXin Memory Technologies are moving through the supply chain. Firms like Powev have started mass production of server memories.
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Ford Motor Company has formally launched Ford Energy, a new wholly owned subsidiary focused on building container-sized battery systems for utilities and data centers. The move follows the company's December 2025 pivot away from certain EV plans and repurposes an underutilized Kentucky plant previously tied to an electric vehicle joint venture.
Egypt's Ministry of Transport oversaw the signing of two agreements between Egyptian National Railways and the National Egyptian Railway Industries Company (NERIC) to localize production of 500 air-conditioned passenger railcars and establish a company for Kom Abu Radi workshops. The deals were signed at NERIC's facility in the presence of Transport Minister Kamel Al-Wazir and Labor Minister Hassan Shehata.
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Huawei and AIS have signed a Memorandum of Understanding to jointly develop local manufacturing of Grid-Forming Battery Energy Storage Systems (BESS) in Egypt. The alliance supports Egypt's renewable energy infrastructure and national industrial localization goals.
South Korea added 206,000 jobs in March, topping 200,000 for the second straight month. The number of employed people rose 0.7 percent from a year earlier to 28.79 million, data from the Ministry of Data and Statistics showed. Youth employment, however, declined for the 23rd consecutive month.
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In the ongoing Strait of Hormuz crisis, which began over a month ago with US and Israeli strikes on Iran, the strait reopened briefly before closing again this week. Oil prices remain elevated at US$100-105 per barrel, hitting China's transport and manufacturing sectors. Companies are delaying or cancelling orders to shield consumers from higher costs.
Egypt discusses new glassware project with Gürok Group
May 10, 2026 04:34CAPTEX to expand sports manufacturing capacity in Egypt
May 10, 2026 01:35Corning discusses springboard plan upgrade and photonics growth
May 06, 2026 13:25Linamar highlights mobility growth in Q1 earnings call
May 04, 2026 02:55South Africa's manufacturing PMI rises to 52.6 in April
April 22, 2026 15:37China launches trillion-dollar services and manufacturing fusion plan
April 22, 2026 02:24Pharco launches EGP 500m eye drops production line in Alexandria
April 21, 2026 22:07Military production minister discusses expanded cooperation with FEI president
April 16, 2026 19:11Manufacturing production rises 1.4% in February despite sales drop
April 16, 2026 16:17Government extends PPh 21 DTP tax incentive through 2026