Corporate
Canon to build new factory in Thailand
Canon Inc. announced the establishment of a new Thailand-based manufacturing company for the assembly of digital multifunction office systems and service parts that will make possible the creation of a flexible production system.

Canon Inc. announced the establishment of a new Thailand-based manufacturing company for the assembly of digital multifunction office systems and service parts that will make possible the creation of a flexible production system.
The new company, Canon Prachinburi Thailand Ltd., will be located in Prachinburi province, Thailand.Recently, the business machine market has displayed steady growth, led by emerging countries. The expected increase in future demand for competitively priced multifunction devices has created a pressing need for Canon to secure necessary production capacity while making it possible for the company to respond in a flexible manner.
In response to these circumstances, Canon has newly purchased land in Prachinburi province and decided to establish Canon Prachinburi Thailand Ltd.In addition to many parts-related companies based in the surrounding region and an established infrastructure, Canon anticipates a stable supply of electricity and access to a steady supply of human resources, making the location well suited for manufacturing.Canon plans to commence construction for the new company in February 2012 with operations scheduled to begin in April 2013.
Corporate
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
(more…)Business
Thailand’s automotive sector expected to produce 1.4m cars this year
This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.
(more…)Corporate
Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam
The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.
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