According to the company, the diversification of its manufacturing network is proving to be a “crucial and timely competitive advantage, offering operational flexibility amid the changing tariff landscape”.
Singapore-listed GP Industries announced, on Nov 13, that it is shifting its production capacity to its manufacturing facilities in Southeast Asia to navigate US tariffs and rising geopolitical tensions.
The group currently operates several facilities in the region — three in Malaysia, two in Vietnam and one in Thailand. GP Industries also has two other plants in the UK.
