Manufacturing
HK manufacturing sector’s sales increased by 12.1% in 2023
HK manufacturing sector’s sales increased by 12.1% in 2023
Industry value added of the sector to HK’s GDP increased to $37b.
Lead found in 11 ceramic tableware models, within safety limits
The levels are below the upper limits stipulated by international and mainland standards.
HKPC unveils strategies for transforming Hong Kong’s manufacturing sector
The report highlights measures that will reshape the industry amidst ongoing challenges.
Manufacturing industrial productions increase by 0.7% in Q2
The sewerage, waste management, and remediation activities increased by 1.5%.
Govt launches new funding scheme to subsidise industrial site development
The scheme offers companies up to $45m in funding for three projects.
Diversification dominates supply chain strategy in Asia Pacific
Supply chain diversification, not nearshoring, is the key focus for manufacturers.
HKPC and HP to launch a 3D printing technology centre this year
The facility will focus on research and development of 3D printing.
HKPC and JinTech Semiconductor ink MOU to advance semiconductor sector
The parties will create an automated and smart micro-factory in Hong Kong.
Manufacturing industrial productions up 3.7% in 2023
Sewerage, waste management, and remediation activities also saw growth in 2023.
Lower rates not enough to halt Hong Kong’s slowing economic growth: Natixis
Ongoing property woes a growing issue for its largest source of tax income.
China’s EV battery giant CATL to set up HQ, R&D centre in Hong Kong
CATL plans to employ 500 workers in Hong Kong within five years.
Hong Kong launches New Industrialisation Development Centre
The centre will help enterprises embrace smart manufacturing.
Industrial production index drops by 0.6%
Textiles, wearing apparel, metal, and computer industries saw decreases in output volume.
86% of OT organisations suffered from cyber intrusions in the past 12 months
More than half said their productivity was affected by such an incident.
Industrial leasing slows as global trade activities plunge in July: JLL
Global trade is negatively affecting leasing demand for industrial space.
PMI soars to an 11-year high of 54.9 in May: S&P Global
The growth was driven by reduced COVID disruptions.
Epic Group reveals ESG initiatives to meet 20% reduction in GHGs
The initiatives cover the manufacturing, management, and talent process.
Commentary
Don’t let ESG gaps affect your asset’s value