Connect with us

National

Thailand’s auto production expected to reach 1.65 million

Thailand’s auto production this year is expected to reach 1.65 million vehicles, higher than the earlier targeted 1.4 million, according to vice chairman of Toyota’s Thai business unit Ninnart Chaithirapinyo.

Aishwarya Gupta

Published

on

BANGKOK, Aug 3 – Thailand’s auto production this year is expected to reach 1.65 million vehicles, higher than the earlier targeted 1.4 million, according to vice chairman of Toyota’s Thai business unit Ninnart Chaithirapinyo.

See original here:
Thai auto production expected to reach 1.65 million units

Investor confidence in Thailand’s automotive industry is as strong as ever after an unveiling of major projects by leading auto companies in recent weeks. The explosion of new investment in an already robust sector is pushing the country closer to the goa of being a global Top 10 automaker by 2014, when local capacity is projected to hit 2.3 million units.

The furry of investment announcements in late June and early July started with the Ford Motor Company revealing plans to build a 15 billion baht (US$450 million) state-of-the-art passenger car plant in Rayong province. The 750,000sqm factory will start production in 2012, with an initial capacity of 150,000 units.

Joe Hinrichs, group vice president and president of Ford Asia Pacific and Africa, said the new project underscores the company’s long-term commitment to Thailand. “The decision to build our new plant was supported by Thailand’s world-class automotive industry and logistics and export infrastructure,” he remarked.

Toyota Motor Thailand also recently announced that it will invest 4 billion baht to expand its Chachoengsao province plant to 200,000 units per year, as current capacity cannot meet rising demand. One of the plant’s key lines will be the so-called innovative international multipurpose vehicle or IMV.

Becoming the third major automaker to unveil expansion plans within a period of just two weeks, Mitsubishi Motors Corp. revealed intentions to build a 15 billion baht eco-car manufacturing plant in Chonburi province. This represents the company’s largest ever investment in Thailand and its biggest facility outside Japan. The plant eventually will have an annually capacity of 200,000 small fuel-efficient and eco-friendly cars, with production scheduled to begin in 2012.

“Thailand will be our export hub for the Global Small Car,” Osamu Masuko, president of Mitsubishi Motors, said to the local media.

Comments

National

Human trafficking cases in Thailand hit decade low due to COVID-19

Thailand has pointed to improved efforts to stop trafficking in recent years, under scrutiny from the United States and following criticism of its failure to tackle abuses in its lucrative seafood and textile sectors, as well as the sex trade.

Avatar

Published

on

BANGKOK, Jan 21 (Thomson Reuters Foundation) – Police in Thailand last year launched the lowest number of human trafficking investigations in a decade as coronavirus restrictions on businesses and borders hindered criminal networks, according to a soon-to-be released government report.

(more…)
Continue Reading

National

Thai cabinet allows illegal migrant workers to sign up for 2-year work permit

Migrant workers from Cambodia, Laos, and Myanmar, who are in Thailand illegally, will be able to obtain a 2-year work permit under a special arrangement offered to help contain the spread of COVID-19.

National News Bureau of Thailand

Published

on

Samut Sakhon One Stop Service

BANGKOK (NNT) – Cabinet has approved a special arrangement for illegal migrant workers from neighboring countries, allowing them to register for 2-year legal work status in Thailand, following the case of a new COVID-19 outbreak among the migrant workers’ community.

(more…)
Continue Reading

National

Thailand blocks online gambling websites

In the past week, the Ministry of Digital Economy and Society has asked all internet service providers and mobile carriers to block access to online gambling websites.

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – Online gambling websites, which are easy to access by children and youth, have become a topic of concern for the Prime Minister, who has ordered strict suppression of these illegal websites.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending