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Southeast Asia is in need of $2.1tr in infrastructure spending by 2030 to meet their growing population demands, according to a report by banking group HSBC.HSBC economist Joseph Incalcaterra stated in the report that the urban population in the region will rise by over 90M by 2030 and that the planned infrastructure spending would only cover $910bn.Incalcaterra said: “To fill the infrastructure gap, more non-government financing is necessary, both from private sources and institutions such as the Asian Development Bank and new Asian Infrastructure Investment Bank.”The six countries covered in the report are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.According to the report, regional governments have to increase infrastructure spending. Low- to middle-income economies should spend at least 5% of gross domestic product (GDP) on infrastructure — only Vietnam has been meeting this target.Indonesia and the Philippines have been increasing infrastructure budgets, while Thailand and Singapore had promised increased infrastructure spending and Malaysia should attract more investment. Incalcaterra added: “Governments across the region thus need to be much more aggressive with increasing PPP programmes and instituting proper reforms to deepen capital markets. Only that will fill ASEAN’s gaping infrastructure pothole.”
Chinese technology firm LeEco is set to invest RMB12bn ($1.8bn) to build an electric car plant in the eastern Zhejiang province of China.The plant, to be located near the Mogan Mountain in eastern Zhejiang, will have an annual production capacity of 400,000 battery-powered vehicles. The project will be carried out in two phases and will be part of a planned $3bn theme park, which will comprise auto-related elements. The company did not disclose details about when construction would commence on the plant or park.LeEco also plans to produce cars at a factory being built by US strategic partner Faraday Future in Las Vegas.
Ten Liebherr tower cranes are being used in Russia to construct what will be the Europe’s tallest building.The Lakhta tower, part of the Lahkta Center in St. Petersburg, will be 462m high when completed.The 87-storey building was designed by British architects RMJM and will be home to the head office of energy company Gazprom. The tower will include sports facilities, a children’s technical park, a planetarium, a panoramic restaurant, a viewing terrace and additional office space. Moreover, the project will include the construction of a multi-purpose building featuring a cinema and theatre, among other amenities. Contractor Reinaissance Construction is erecting the Lakhta tower using four Liebherr luffing jib cranes, while the multi-purpose facility is being built with three luffing jib and three high-top cranes — all owned by rental company Sutek.The tower is expected to be complete in 2018.
Samsung C&T in a joint venture with Build King has secured a $340M contract to enhance ground beneath the seabed for Hong Kong International Airport third runway.The project represents the first stage of the Three Runway System (3RS) — aiming at expanding the airport into a three-runway operation.Under the contract, awarded by Airport Authority Hong Kong, the joint venture will improve soft ground located about 7m below the sea, using a deep cement mixing method before land reclamation takes place.Hans Whang, head of Samsung C&T civil infrastructure business unit, said: “We are honoured to be part of the 3RS project, which we understand is meaningful for Hong Kong‘s further development.“Even though challenging, we are certain that by working closely together with our trusted partners and maintaining a strong emphasis on safety and quality, this project will have outstanding results.”Construction work on the project will start in August 2016 and will last for 20 months.
Grand River Development, managed by Riant Capital, has unveiled plans for a $1.1bn mixed-use commercial tower in Taipei, Taiwan. The Taipei Sky Tower will be located adjacent to Taipei 101 in Taipei’s prime Xinyi District and will feature a retail podium, a luxury hotel, a lifestyle hotel and a theatre house. The 54-storey tower will measure more than 260m in height and include 93,000sq m in combined floor area. Riant Capital’s CEO Aaron Chan said: “Due to the unique location and street front exposure of the site, we are able to re-create a new whole pedestrian block comprising independently operated retail and F&B flagship/concept stores that one typically finds in major international cities such as New York, Tokyo or Hong Kong. “We believe that this pedestrian shopping experience will offer consumers an attractive alternative to the traditional department store concept and that our innovative approach will further enhance Taipei Xinyi District’s status as a premium business and retail centre in Asia.”
CIMIC Group’s company Leighton Asia has secured an AUD320M ($240M) contract from the government of the Hong Kong to build a Columbarium and Garden of Remembrance.The company will be responsible for the construction of an eight‐storey columbarium building, a 4,800sq m garden, an access road and other ancillary facilities.The project is part of the government’s aim to meet the shortage of public spaces dedicated to the memory of the deceased.CIMIC Group’s executive chairman and CEO Marcelino Fernández Verdes said: “This contract award recognises the strength of the CIMIC Group’s diverse capabilities. Our building portfolio in Asia continues to grow and the Hong Kong government’s commitment to the development of public facilities means we are well positioned for future work.”Leighton Asia’s managing director Manuel Alvarez Munoz said: “Leighton Asia has built a strong working relationship with the Hong Kong government’s Architectural Services Department (ASD).“This will be our fifth project with the ASD, for whom we are also currently undertaking work on a hospital and border crossing facilities. We are pleased to be able to work with them again, particularly on a project so important to the local community.”Work on the project is anticipated to begin in July 2016 and will be completed in March 2019.
Pfizer is set to construct a $350M biotechnology centre in China.The new facility will represent the company’s third biotechnology centre across the world and the first in Asia and will include an advanced modular facility by GE Healthcare, based on flexible single-use bio-manufacturing technology.The centre will accommodate the Pfizer China’s biosimilars and biologics quality, technical service, logistics and engineering divisions, in addition to commercial manufacturing. It will also serve as a process development and clinical supply site.Pfizer Essential Health group president John Young said: “We believe that the Pfizer Global Biotechnology Center in Hangzhou will help support China’s aim to increase the complexity and value of its manufacturing sector by 2025, and contribute to building a truly innovative and vibrant biopharmaceutical industry.“We are encouraged by a series of important reforms introduced by Chinese government that will further stimulate the industry to meet emerging health challenges, such as the rising incidence of non-communicable diseases and an aging population; as well as attract both domestic and foreign investment in healthcare and R&D.”The facility is anticipated to be completed in 2018, creating more than 150 jobs in the region.
Leighton Asia’s subsidiary Leighton India Contractors has signed an AUD223M ($169.5M) contract to deliver phases two and three of a mixed-use development in Mumbai, India.The development, known as Maker Maxity, is located in the Bandra Kurla Complex, and its phases two and three will include the development of retail and hospitality facilities.The scope of the work includes structural and civil works, mechanical, electrical and plumbing services, lifts and escalators, façade, finishes and external works for the facilities.Leighton Asia’s managing director Manuel Alvarez Munoz said: "We are delighted to have secured our first major project with the Maker Group, one of India's most prestigious developers."Leighton Asia will bring its international experience, wealth of local knowledge and commitment to safety and quality to facilitate the timely completion of this major project."Work has commenced in June 2016, and is scheduled to be complete in mid‐2019.
Larsen & Toubro's construction unit has secured contracts worth INR24.16bn ($355.5M) across various business segments in June 2016.The building & factories business segment has won orders worth INR11.65bn ($171.4M) for a high-rise residential project from a Mumbai-based developer.The scope of work will include the civil and structural works for the construction of two residential towers, each having three basements, seven podiums, 66 floors and other ancillary buildings.The business has also secured a contract for the construction of a mixed-use development from a customer in Kolkata. The project will involve the civil and structural works for the construction of two towers of 15 and seven floors respectively, with two levels of common basement.The unit’s power transmission & distribution business has won orders worth INR11.2bn ($164.8M) in the domestic and international markets.The business has secured an engineering, procurement and construction (EPC) contract from a customer in the Middle East. The scope of the work will include the construction of a medium voltage overhead line, which will enhance the reliability of the existing network.On the domestic market, the unit has been awarded contracts from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) in Uttar Pradesh. The first contract includes the construction of 33kV substations and associated lines in Ghaziabad, while the second contract involves rural electrification, including feeder separation works in Meerut.The smart world & communication business has won a contract valued at INR1.31bn ($19.2M) from RajCOMP Info Services for establishing and commissioning command & control centres at Bikaner, Bharatpur and Jodhpur cities under the Surveillance and Incident Response Project.
BASF Shanghai Coatings has begun construction on a new €140M automotive coatings plant in Shanghai, China.The new plan, to be located at the company’s existing site at the Shanghai Chemical Industry Park in Caojing, will expand the existing automotive coatings plant, which started production in 2014.BASF’s president and chairman for Greater China Stephan Kothrade said: “With the expansion, we continue to invest in local production to get even closer to China’s automotive industry.“As the leading chemical supplier to the automotive industry, BASF will take an active role in developing this rapidly growing business, based on our local production network, innovative power and market knowledge.”The plant is expected to commence operation in the fourth quarter of 2017.
Gammon Construction, the Hong Kong-based joint venture of Balfour Beatty and Jardine Matheson, has secured an HKD4bn ($515.3M) contract from Taikoo Place Holdings for the redevelopment of Somerset House in Taikoo Place, Hong Kong.The project will include the redevelopment of Somerset House into a 48-storey office building on top of a two-storey basement, covering a total gross floor area of approximately 94,000sq m. It will also involve the construction of the associated walkways.The development will incorporate Building Information Modelling (BIM) to define the efficient approach to design, avoid programme and utility clashes, as well as enhancing environmental efficiencies.Gammon’s CEO Thomas Ho said: “We are delighted to have been selected by Swire Properties and to be involved with this landmark project.“Gammon’s advanced technological standards and expertise in building construction was critical for the award of this project.”Construction is set to start immediately with completion scheduled for 2018. The project will create 1,400 jobs during peak construction.
Gammon Construction has secured a HKD2.6bn ($335M) contract from Chinachem Group to build a residential project in Hong Kong.To be located at Tseung Kwan O Town Lot No. 93, the project will include the construction of six 12–18-storey residential towers, and five four-storey homes that together will provide 857 new homes.Gammon — a joint venture between Balfour Beatty and Jardine Matheson — will use a range of innovative approaches, such as aluminum formwork instead of traditional timber formwork for the tower structure and 3D scanning and Building Information Modelling (BIM) to assist with detecting construction programme clashes.Gammon’s CEO Thomas Ho said: “Our team is excited to work with Chinachem Group to deliver excellent and meticulous building works that will add to their impressive and diverse range of high-quality properties.“We are looking forward to the unveiling of this new phase of development in the Southern part of Tseung Kwan O.” Construction has recently started and the project is scheduled to be complete by the end of 2017.
Johnson Controls has established a joint venture with Binzhou Bohai Piston to construct a new $200M automotive battery manufacturing plant in China.To be located in Binzhou, Shandong Province, the new facility will be the company’s fourth battery manufacturing plant in the country.Once operational, the unit will be able to manufacture 7.5M batteries annually. Johnson Controls’ president for Asia Pacific region Trent Nevill said: "Johnson Controls remains committed to serving our customers wherever they are in the world with investments such as this manufacturing plant and joint venture, which brings our leading technologies and global best practices to China."Construction of the new plant is anticipated to commence in 2017, with production starting two years later. The unit will employ 650 people at its full capacity.
Jacobs Engineering Group has won a services contract for the next stage of the $5.3bn Oyu Tolgoi underground copper and gold mine in Mongolia.The firm will be responsible for the provision of engineering, procurement and construction management (EPCM) services to implement the materials handling systems for the new underground mine and associated surface and underground infrastructure.The project, located in the south Gobi region of Mongolia, about 550km south of the capital Ulaanbaatar, is being delivered over a five- to seven-year period, with the first draw bell production from the underground mine expected in 2020.Jacobs’ president and CEO Steve Demetriou said: “We are very proud to be associated with what is a landmark project for Oyu Tolgoi, Mongolia and the global mining landscape.“The Oyu Tolgoi Underground Project is one of the largest mining projects worldwide. We are excited at the opportunity to contribute significant value to our client and the nation of Mongolia.”
Dragages Singapore has secured a €100M contract for the construction of two condominium complexes in Singapore.The contract has been awarded by United Venture Development, a joint venture between UOL Venture Investments and Singland Homes.Designed by ADDP Architects, the project will include two 40-storey towers, 505 apartments and a total floor area of about 46,000sq m. Both towers will measure 140m in height.Dragages Singapore, a subsidiary of Bouygues Construction, will utilise a modular construction technique based on a reinforced concrete structure, which will enable the condominiums to meet the Singapore authorities’ stipulation that 65% of the towers’ superstructure must employ PPVC — Prefabricated Prefinished Volumetric Construction.Nicolas Borit, Bouygues Bâtiment International deputy CEO in charge of Asia-Pacific, said: “We are very proud that our customer, United Venture Development, has shown confidence in us and given us the opportunity to support them in carrying out this project in Singapore. “The experience in this market acquired by Dragages and the construction system chosen were decisive factors in winning this contract.”Construction work on the project is set to commence shortly and will last for three years, with handover scheduled for the end of the first half of 2019.
Toyota Motor has announced plans to construct a new JPY49bn ($445.5M) production plant in Malaysia.To be constructed in Klang, Selangor, the new facility will have a production capacity of 50,000 vehicles annually. The company believes that the facility is the next step in its efforts to develop competitive plants using the latest production technologies such as freely extensible lines and compact painting booths. Toyota’s managing officer Tatsuro Takami said: "This plant is another of our efforts to create new, competitive plants, following the decisions made last year to create a new plant in Mexico and a new line in China, and the opening of two new engine plants this year in Indonesia and Brazil. "In addition to introducing cutting edge production technologies, we will dedicate ourselves to developing the personnel who support the making of ever-better cars. By doing this, we will provide high quality vehicles to Malaysian customers through UMWT."
TCL subsidiary China Star Optoelectronics Technology (CSOT) is set to start construction on a Gen 11 LCD panel fabrication plant in Shenzhen, China.Expected to cost RMB50bn ($7.8bn) the facility will produce extra-large high-resolution flat panel displays targeting 45", 65" or even larger LCD TV markets.Upon completion, the new production line will exceed BOE’s Gen 10.5 — which commenced construction in December 2015 in Anhui Province — in terms of generation and investment.Currently, CSOT has three production lines, namely T1, T2 and T3, producing small and large LCD panels for TVs, smartphones and tablets.
The 35m-deep foundation for a $300M mixed-use complex in Sri Lanka is nearing completion.Designed by Gensler and developed by ITC Limited subsidiary WelcomHotels Lanka Private Limited, the complex will include about 350 rooms on 25 floors in the first phase, over 130 luxury residences on 50 floors comprising master penthouses, penthouses, four-, three- and two-bedroom apartments, banqueting and cuisine experiences, as well as retail and serviced office spaces.The project, named ‘ITC One, Colombo 1’, will generate direct employment for around 800 people and indirect employment for another 400 people in its various components. WelcomHotels Lanka managing director Arun Pathak said: "The ITC One, Colombo 1 is a very exciting development, creating an international icon for Colombo, offering the best international quality in hospitality and residences."It truly represents the splendour of gracious living. It is set to be an employment-multiplier and will undoubtedly become a vibrant symbol of Sri Lanka’s resurgent economic growth."
Honda Motor Company has completed construction and inaugurated its new plant located at Rojana Industrial Park in Prachinburi, Thailand.The 214,000 sq m facility has been developed with an investment of THB17.15bn ($484.6M) and has a production capacity of 120,000 units annually. The new plant is equipped with Honda’s highly-efficient and environmentally-responsible production technologies — introduced at Honda’s Yorii Plant in Japan — and will serve to enhance the company’s capability to deliver quality products for customers in Thailand and across the world, says the manufacturer.Honda Motor president, CEO and representative director Takahiro Hachigo said: “Thailand has increased its presence as one of Honda’s production hubs by supplying products and components not only for the home market but also for the world including ASEAN nations, which drive our global sales growth. “I am committed to making certain that the role of Thailand will become even more valuable with the completion of this all-new Prachinburi factory with full advantage of Honda’s newest production technologies.”The plant currently has 1,400 employees.
Otis China has announced the construction of a new 270m-high elevator test tower as part of a new global R&D facility in Shanghai.Anticipated to be the world’s tallest above-ground test tower, it has been designed to be flexible and easily adaptable to the testing of new components and systems as they evolve.The project will support the development of new technologies for use in elevators for different market segments in order to deliver high efficiency, small footprints, industry-leading safety, comfort and convenience for passengers, says Otis.Otis’ president Philippe Delpech said: “Building our new test tower and R&D Center in Shanghai underscores our continuous commitment to satisfy customers in China and around the world.“As the industry leader that introduced safe elevator technology, this is a strong example of how we are investing to accelerate innovation and technology development for our next generation elevators and service.”The new facilities, part of a network of research facilities and test towers set to spread across four continents, are expected to be operational by the end of 2018.Otis has supplied lifts for iconic high buildings around the world, including the 828m Burj Khalifa in Dubai, the world’s tallest building; the 599m Ping’An Financial Center in Shenzhen, one of the highest buildings in China when completed this year; the 555m Lotte World Tower in Seoul, the tallest in South Korea; the 553m CN Tower in Toronto, the highest in North America; and the 324m Eiffel Tower, Paris’ iconic symbol.
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