The co-founder of Biosimilar Solutions tells us why the island made
sense for the company’s $200 million investment — part of a biosciences
sector that accounts for 30% of Puerto Rico’s GDP.
A cross-border tunnel for Northern Europe; a hydrogen-powered vehicle
plant for Normandy; Europe’s best tax climates; and sustainable scooters
in Singapore.
Osaka-based Daikin Industries, Ltd. this month announced it will
establish a new factory for residential air conditioners in the Republic
of Indonesia at the Greenland International Industrial Center (GIIC)
near the capital of Jakarta. Daikin said the new production base “is
being built in response to the rapidly growing demand in the Indonesian
air conditioner market,” as the nation’s population — the fourth largest
in the world — is expected to grow from 270 million today to 300 million
by 2030. “In addition to the relocation of its capital administrative
functions, the Indonesian government plans to invest in various fields
including urban infrastructure, human resources, and industrial
development in anticipation of further development,” Daikin stated, “as
it set its sights on becoming the fifth largest country in terms of GDP
in 2045, which is the year Indonesia celebrates the 100th anniversary of
its founding.” The company has been doing business in Indonesia since
1970 and plans to use the new factory as an export base for the ASEAN
region.
In August medical device manufacturer Stryker announced this new
additive manufacturing facility at Anngrove in Carrigtwohill, County
Cork. “In addition to housing Stryker’s manufacturing facilities,
Anngrove is also the worldwide headquarters of the AMagine Institute,
which is the center of excellence for additive manufacturing across
Stryker,” the company said of the six-year-old Anngrove site. The
company’s Irish presence includes more than 4,000 people across eight
facilities in Belfast, Limerick and Cork. Stryker Group President Global
Quality and Operations Viju Menon said, “The new facility and talent
will continue to unlock new opportunities that were previously not
possible, accelerate innovation globally and further support our mission
to make healthcare better together with our customers. With our
experience and proprietary technology, we are excited to impact more
patients and drive growth with this additional investment. We are also
pleased to expand our talent base in Ireland with engaging roles across
a range of disciplines.”
This screenshot of the Land Matrix’s Asia Focal Point shows how active
large-scale land acquisitions have been in Southeast Asia.
Map courtesy of Land Matrix
Looking to invest in lower-income countries? Then chuck this
tool into your toolbox: The Land Matrix describes itself as
“an independent land monitoring initiative that promotes
transparency and accountability in decisions over LSLAs in
low- and middle-income countries by capturing and sharing
data about these deals at global, regional, and national
level.” Among the resources available is an August 2022 report on large-scale land
acquisitions (LSLAs) in Asia and an enlightening
live graph showing the web of transnational land deals.
PHOTO OF THE
DAY
Managing Editor Adam Bruns made this photo last week at the ruins of
Tulum in Quintana Roo, Mexico. A release yesterday from the Mexican
Secretary of Tourism documented 4,552,000 people employed in tourism
during the third quarter of 2022, representing 8.8% of overall
employment in Mexico. The number was more than 10% higher than this same
time last year, as the country’s tourism industry continues to recover
from the shutdown caused by the pandemic.
