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Toyota Thailand to raise output up to 1Mn

Toyota Motor Co. said it will sharply increase its vehicle production in Thailand, which will become the company’s core global output base, according to a report Friday by Japanese national broadcaster NHK.

Aishwarya Gupta

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Toyota Motor Co. said it will sharply increase its vehicle production in Thailand, which will become the company’s core global output base, according to a report Friday by Japanese national broadcaster NHK.

Toyota President Akio Toyoda said Thursday his company will increase its annual output capacity in Thailand to 1 million units, about 50% more than the current level of 670,000 units per year, NHK said on its website.

Mr. Toyoda made the announcement at a ceremony in Bangkok to commemorate the 50th anniversary of the firm’s Thai unit, the report said.Mr. Toyoda said the experience of overcoming last year’s flooding in Thailand will lead to a strong production system, the report said.Toyota is the largest auto maker in Thailand in terms of sales, with three plants in the country. Toyota also exports the vehicles made there to over 100 countries.

via Toyota to hike Thailand output sharply: report – MarketWatch.

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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.

National News Bureau of Thailand

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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.

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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.

Pr News

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Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

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Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

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Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

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