Toyota Motor Thailand Co., Ltd. partly resumed production of sedans and pickups at three plants after the worst Thai flooding in decades forced them to temporarily shut down in October due to supply chain disruptions.
Toyota’s three plants located in Samut Prakan and Chachoengsao were not flooded but suspended operations Oct 10 after flooding submerged industrial estates in Thailand’s central provinces.
The three plants manufacture about ten models including pick-up trucks and sedans with a total output of 630,000 units last year.
Isuzu Motors Co., Ltd. also resumed output in Thailand on Monday. Four other Japanese automakers–Nissan Motor Thailand, Mitsubishi Motors Corp, Mazda Motor Corp, and Hino Motors–resumed production last week.
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), an Asia-based commercial vehicle manufacturer announced it would resume production in Thailand late this week.
Thailands auto production in October 2011 hit a record low of 49,439 units for the past 112 months as a result of continuing mega floods, according to Surapong Paisitpatnapong, spokesman of the Automotive Industry Club of the Federation of Thai Industries FTI.
Auto production in October dropped 67.62 per cent year-on-year, and 71.62 per cent compared to the previous month.The flooding situation in the central provinces, where many industrial estates are located, has led to a shortage of parts to be supplied to automobile assembly plants.
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…)
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