Scania (Sweden) and Hino (Japan) have recently updated their heavy commercial vehicle offering in Thailand.
Thailand is fast becoming a major SE Asia production hub for medium and heavy commercial vehicles, with Scania the latest global manufacturer to set up a regional production and R&D centre in the country.
Thailand is also a large heavy commercial vehicles market, with between 15,000 and 20,000 heavy trucks registered each year.
Scania has a market share of three percent, and there is great potential for the company’s business in the territory to grow further.
In opening a new factory for trucks and buses in Bangkok, Scania aims to grow quickly in Thailand and the Asian region as a whole.
“With this industrial investment as a major first step, Scania´s future in Asia is beginning to take shape,”
Gustaf Sundell, Managing Director for Scania Group Thailand.
The new factory in the Bangkok Free Trade Zone is a cornerstone of these regional expansion plans.
In addition to truck and bus assembly, the factory also includes a manufacturing facility for truck cabs, and a regional headquarters for Scania’s operations in Asia and Oceania has been created in Bangkok.
The new business, Scania Group Thailand, is fully cross-functional, consisting of employees from the company’s Production and Logistics, R&D, Purchasing and Sales and Marketing organisations.
Hino, the Japanese truckmaker is also investing more than US$100m to build a regional medium and heavy truck production hub serving markets across Asia-Pacific.
Construction is set to start this July, with operations scheduled to start up in 2021.
Truckmakers have chosen Thailand despite the fact that it has a much smaller medium and heavy truck market than neighbouring Indonesia. Last year, around 32,000 medium and heavy commercial vehicles over 4.5 tons GVW trucks were sold in the country, compared with an estimated 125,000 units in Indonesia.
In 2017 Isuzu Motors also announced it is doubling production capacity of built-up medium and heavy trucks at its Chachoengsao plant in Thailand to 26,000 units, as it looks to export built-up trucks to markets across South-east Asia, including to Indonesia, Philippines and Vietnam.
One million people register on first day of Chim-Shop-Chai program
10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application
A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive a 1,000 baht giveaway to be spent between September 27th and November 30th, on the first day.(more…)
16 countries agree to conclude RCEP talks by end of this month
The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments
BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the final round of the Regional Comprehensive Economic Partnership (RCEP) talks in Vietnam should reach their conclusion by the end of this month.(more…)
Thailand to Produce 2.5 Million Vehicles in 2030
Today there are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles within 2036.
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
How is Thailand Bringing Technology to the Table?
In Asia, a country like Thailand has taken the initiative to implement agricultural biotechnology in its industry. The country has...