factory

Cosmax was founded in 1992 and has grown into the largest cosmetics ODM in the world, supplying 4,500 brands from its factories in South Korea, China, the U.S. and Southeast Asia.

"What we produce with so much effort can now be made instantly by machines in factories... It affects our income," said Derza, who began the craft at the age of 14.

At least 16 people have died after a huge fire broke out at a garment factory in Bangladesh, with officials warning that the toll could rise.

The other investments add new models to existing Stellantis factories in Ohio, Michigan and Indiana.

In the past, Nexperia relied on its European factories and contract manufacturers in Taiwan to make chips for China.