Connect with us

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.

Boris Sullivan

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.

Comments

Asean

The Latest on Covid-19 in Southeast Asia

Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.

Avatar

Published

on

Coronavirus Asia

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.

(more…)
Continue Reading

Laos

China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC

Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

Boris Sullivan

Published

on

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)
Continue Reading

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(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