General Motors today opened a new state-of-the-art diesel engine plant in Rayong, Thailand. The USD 200 million THB 6 billion facility, which is adjacent to the automaker’s vehicle manufacturing plant, represents GM’s most significant powertrain investment in Southeast Asia.
The new 34-rai 54,275-square-meter facility, GM’s first diesel engine plant in the region, is the first-in-the-world to produce the all-new family of Duramax four-cylinder diesel engines.The highly flexible plant has the capability to manufacture approximately 120,000 engines per year for use in vehicles built in Thailand and other global markets. GM expects to source USD 94 million THB 2.8 billion worth of Thai-built components for the production of engines at its Rayong facility, by 2012.
The first engines to be manufactured by the facility will be installed in the all-new Chevrolet Colorado pickup that will be produced in Rayong following engineering development work and retooling of the vehicle assembly line.GM Thailand’s new powertrain facility is a key component of the automaker’s Southeast Asia growth strategy. GM’s goal is to become a leading manufacturer of world-class vehicles and engines throughout the region.
The opening of the facility comes a month after GM announced that it will invest USD 150 million THB 4.5 billion in the reactivation of its Bekasi manufacturing facility in Indonesia for production of a new line of people movers for Southeast Asian markets. The new powertrain facility takes GM’s investment in Thailand to USD 1.3 billion THB 39 billion since 1998.GM Southeast Asia President Martin Apfel was joined by Dr. Witoon Simachokdee, Permanent Secretary, Ministry of Industry, Government of Thailand, and Michael L. McGee, Commercial Counselor, U.S. Embassy Bangkok, for the inauguration of the new plant.
GM Thailand employees, local GM dealers, suppliers and the media were also present.
“GM is committed to growing our footprint and business throughout Thailand and Southeast Asia,”
“Our engine plant will enable us to deliver on our promise of bringing cleaner, more efficient and higher-performance diesel engine technology to our customers.”
“Producing engines locally strengthens our commitment to the development of a strong Thai automotive industry, which can help guide the growth of the entire Southeast Asian region. It is also a sign of the excellent talent in the local industry and our faith in their capability.”
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)