Investment

Board of Investment of Thailand praises Ford’s new investment plan

Ford Motor Company today announced it is investing US$450 million (THB 15 billion) in a new state-of-the-art passenger vehicle manufacturing plant in Rayong, Thailand, scheduled for completion in 2012.

Published

11 years ago

June 28, 2010

Akanksha Singh

Ford Motor Company’s announcement that it will invest more in the kingdom, is goods news for Thailand in general according to a senior Board of Investment (BOI) official.

BOI deputy secretary-general Ajarin Pattanapanchai said more investment by Ford Motor Co. in Thailand’s eastern province of Rayong will give provide good opportunities for small- and medium-sized enterprises producing automotive spare parts as well as boosting business confidence here.

The plant will create 11,000 jobs, of which 2,200 positions will be hired directly by Ford, while another 8,800 will be outsourced via its supplier and dealer network.

Miss Ajarin said the Ford decision to boost its stake in Thailand demonstrates to investors worldwide that Thailand remains an attractive country for business development and that it offers opportunities in every field, especially in the industrial sector and automotive spare parts.

President and chief executive Alan Mulally announced last week that Ford will invest Bt15 billion (US$450 million) in the Rayong industrial estate to build its new sedan factory.

The industrial unit is set to be completed in 2012 and will produce the new 2012 Ford Focus for the Thai market as well as for export to other Asia-Pacific markets.

Ford Asia Pacific and Africa president Joe Hinrichs said production capacity is set at 150,000 units annually for the new factory, and 85 per cent maximum of cars manufactured will be for export.

The next-generation Focus will be built on the company’s new global C-car platform, which will eventually underpin up to two million Ford vehicles per year sold in markets around the world. The C-car segment is currently the world’s largest vehicle segment, and is projected to account for nearly 28 percent of global passenger car sales by 2013.

This new plant will be a flexible facility producing a range of vehicles and fully integrated to support body assembly, paint, trim and final assembly. The next-generation Ford Focus (shown above) is expected to be the first model to roll off the production line in 2012.

Investment

Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says

The BCG model, as defined by the Thai Government, encompasses industries that allow inclusive, sustainable growth while reducing waste, pollution and dependence on finite resources.

Published

4 weeks ago

December 28, 2020

BOI

In the first nine months of 2020, local and international companies applied to invest as much as $1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to data collected by the Thailand Board of Investment (BOI).

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Investment

Thailand BOI new measures to boost post-Covid-19 investment

Thailand’s Board of Investment (BOI) approved a series of measures to accelerate investments and to encourage businesses to adopt digital technologies.

Published

1 month ago

December 23, 2020

BOI

The Thailand Board of Investment (BOI) on Monday approved a series of measures to accelerate investments, particularly in target industries and to encourage business to adopt digital technologies.

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Investment

Foreign Investors’ Confidence in Thailand Still High Despite Covid-19 Impact, BOI Survey Shows

Out of the 600 companies surveyed, 19.33% said they have plans to increase their investment in Thailand, while another 76.67% said they expect to maintain their current investment level.

Published

2 months ago

December 4, 2020

Pr News

Despite the COVID-19-induced economic hardship, as much as 96% of foreign direct investors operating in Thailand are confident in the country’s potential and have plans to expand or at least maintain their investment, citing attractive investment incentives, a strong supporting industry supply chain and the availability of raw materials and parts, according to the Thailand Board of Investment’s (BOI) annual Foreign Investor Confidence Survey.

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