Thailand’s Board of Investment (BOI) secretary-general Atchaka Sribunruang on Thursday said BOI’s project approval subcommittee recently granted investment promotion privileges to a project of Sony Technology (Thailand) to expand its investment of some Bt2.6 billion (US$80 million) in the production of digital cameras, lens and camera accessories.
She said Sony was planning to annually produce 2.1 million sets of digital cameras, 2.73 million lenses, and 2.2 million sets of camera accessories. The factory will be located at Banwa Industrial Estate in the central province of Ayutthaya, Ms Atchaka added.
According to Mrs Atchakal, Sony’s business expansion this time will use local materials of about Bt2.4 billion (US$73.8 million) per year and it will create jobs for 1,029 Thais.
“Sony’s parent company wanted to expand its investment in the country, for it sees the investment potential in Thailand in terms of suitable capital and fund, delicate skills of workers. Therefore, this proves well investor confidence that they have in Thailand,” said Ms Atchaka.
This project will focus on Sony production for exports, and the main client will be to supply other Sony production units.