Connect with us
The clever new way to send money abroad

Asean

Thailand’s Auto Industry to be Center of the ASEAN Market

Strategic R&D and manufacturing investments from GM, Nissan and American Axle & Manufacturing (AAM) have put Thailand at the forefront of the auto industry in ASEAN and international markets within the past few months.

Published

on

GM Southeast Asia in Thailand

Strategic R&D and manufacturing investments from GM, Nissan and American Axle & Manufacturing (AAM) have put Thailand at the forefront of the auto industry in ASEAN and international markets within the past few months. Thailand’s ability to bridge manufacturing capabilities with an advanced industrial infrastructure have positioned the country to serve as the main entry into the ASEAN economic community, the strategic trade bloc of Southeast Asia that will officially begin in 2015.

GM opened its first diesel engine plant in Southeast Asia in Thailand’s industrial Rayong province on September 9, 2011. The $200 million facility is projected to produce around 100,000 engines in 2012, with the expectation of sourcing $94 million of the parts locally. The engines will mostly be installed in the new Chevrolet Colorado truck to be sold domestically and abroad. This new plant brings GM’s investment in Thailand to $1.3 billion since 1998.

GM Southeast Asia in Thailand

GM opened its first diesel engine plant in Southeast Asia in Thailand’s industrial Rayong province on September 9, 2011.

In late July, Nissan established its new regional strategic headquarters in Thailand in order to carry out its six-year development plan for the ASEAN region, set to more than triple unit sales to 500,000 units (15% market share) by the end of 2016. The Nissan Technical Center South East Asia will triple its engineering staff by 2016 to localize R&D and powertrain production in the ASEAN region. Additionally, the company also plans to partner with JATCO on a $250 million manufacturing plant to produce continuously-variable transmission (CVT) units in Thailand. Nissan also plans to launch its “Power Up 2016″ by deploying more than 10 new models, the first of which will be the eco-car, Nissan March.

AAM, a tier one automotive supplier, opened a new facility in Rayong, Thailand to expand its Asian presence for driveline and drivetrain systems in the automotive industry. The company plans to take advantage of Thailand’s position as the second largest pickup truck market in the world that will provide the necessary infrastructure to deliver advanced-technology products for current and potential clients in the ASEAN region. Once operational, the new 138,000 sq ft facility will employ 275 manufacturers and engineers.

via Thailand Board of Investment North America: Thailand Focus.

Click to comment

Leave a Reply

Tourism

Can border reopening revive tourism in South-East Asia?

In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19 restrictions led to an 82% fall in arrival numbers.

Published

on

Ko Samed deserted pier

After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries.

(more…)
Continue Reading

Asean

The ASEAN-Russia Trade and Investment Cooperation Work Program

Published

on

The ASEAN-Russia Trade and Investment Cooperation Work Program

ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held in September 2021, including by adopting a revised ASEAN-Russia Trade and Investment Cooperation Work Program for the 2021-25 period.

(more…)
Continue Reading

Most Read

Recent