Corporate

Mitsubishi to invest 1Bln baht ($33 million) to ramp up output in Thailand

Mitsubishi Motors has announced a 1 billion baht investment to rise its annual Thai auto production capacity to 510,000 units per annum by the end of this year.

Published

8 years ago

March 21, 2013

Fujiko Takahashi

Mitsubishi Motors has announced a 1 billion baht investment to rise its annual Thai auto production capacity to 510,000 units per annum by the end of this year.

The expansion is in line with the carmaker’s goal of having exported an aggregate 3 million vehicles from Thailand within the next three to four years. The company is also in the process of transferring some of its research and development (R&D) units from its Japanese headquarters to Thailand.

The current plants have a combined annual capacity of 460,000 units, about 70% of which serve overseas markets.

Mitsubishi Motors applied for the BOI investment incentives for eco-car project since November 2007 with investment capital of Bht8 billion. The project is expected to create more than 1,500 jobs.

The export target for the Thai plants is 340,000 units this year, a rise from 280,000 last year.

“Thailand is our second-largest production base behind our headquarters in Japan thanks to the Thai government’s support of the automobile industry and the Board of Investment’s tax incentives,” Mr Masuko said in Bangkok.

Mitsubishi has been in Thailand since 1961. It began exports with its Lancer Champ model in 1988. As of last month, Mitsubishi had exported 2 million vehicles from Thailand.

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.

Published

4 weeks ago

December 1, 2020

Pr News

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.

(more…)

Business

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

Published

1 month ago

November 26, 2020

Pr News

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.

(more…)

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Published

2 months ago

November 9, 2020

Olivier Languepin

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)