AGP Executive Report
Last update: an hour agoFactory Investment: Afreximbank is providing $81.9 million toward Veenocks’ $145 million tile-plant expansion in Nigeria, which will triple annual capacity to 9.9 million square metres. In East Yorkshire, Thurston Group has started work on a specialist manufacturing facility expected to boost capacity by 158%. Global Outlook: U.S. manufacturing expanded in October, with the ISM index at 55.5, while UK output reached a two-year growth high. Singapore’s factory growth eased, and China’s activity slipped back into contraction, underscoring uneven conditions. Supply Chains: HP and Asus are shifting some PC production back to China as rising memory and component costs squeeze margins. Clean Energy Manufacturing: Waaree Solar Americas is doubling its Texas module capacity to 3.2 GW, while new solar-cell projects are advancing in Indonesia and the United States.
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