Corporate
Honda to resume production in Thailand in March
Honda to resume production in Thailand in March. Facilities in other countries, affected by supply chain disruptions due to the Thai flood crisis last year, are expected to be able to resume operation in April.
Japanese automaker Honda will resume production at its Ayutthaya assembly plant, north of Bangkok, in March, a top company executive said Wednesday.
Pitak Pruittisarikorn, executive vice president of Honda Automobile (Thailand) Co said the firm is installing machinery and testing systems at its assembly plant in the Rojana Industrial Estate, hit by last year’s flood.
Facilities in other countries, affected by supply chain disruptions due to the Thai flood crisis last year, are expected to be able to resume operation in April.
After resuming production, it then will manufacture auto parts to supply Honda plants in member countries of the Association of Southeast Asian Nations (ASEAN). Facilities in other countries, affected by supply chain disruptions due to the Thai flood crisis last year, are expected to be able to resume operation in April.
Mr Pitak said the Office of Industrial Economics recently announced criteria and conditions for complete car import approvals and the company is working on importing the Honda Jazz and Accord from Japan for distribution to customers in Thailand from the end of February onwards to offset the domestic production loss.
via Honda to resume production in Thailand next month.
Corporate
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Investment
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.
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