AGP Executive Report
Last update: 3 hours agoRegional Scale: Siam Cement Group’s CEO says Chinese overcapacity is a “fact of life,” urging Southeast Asian manufacturers to build larger plants that can serve the whole region. Factory Pulse: U.S. manufacturing expanded in October, with the ISM index at 55.5 and September factory orders up 1.8%. But activity weakened in the Philippines, where the PMI fell to 49.1, while China’s factory gauge slipped into contraction. Investment & Capacity: Waaree Solar Americas doubled Texas module capacity to 3.2 GW. Lonza agreed to acquire five U.S. drug-manufacturing sites from Merck, and drone maker Neros secured a conditional U.S. loan commitment of up to $450 million to expand domestic production. Supply-Chain Tensions: Washington is holding up equipment export approvals for SK hynix’s China plant, clouding the company’s U.S. investment plans. Canadian Manufacturing: Honda marked 40 years in Alliston, where its plants can produce more than 400,000 vehicles a year.
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