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Sony to invest US$80 million in Thai digital camera production unit

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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.

Apart from its production base in Thailand for digital cameras, lens and accessories, Sony also has other production bases in China and Malaysia. (TNA)

“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.

via Sony to invest Bt2.6-billion in digital camera production: BOI.

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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.

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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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