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Welcome to the November issue of Thai news, a resource that will keep you up-to-date on economic and business news in Thailand.
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PepsiCo's investment in Thailand totals $2.9 billion with two new production plants
Marking a 60-year presence in Thailand, PepsiCo Inc. plans to boost its snack and beverage business with the development of two new plants, bringing total investment to $2.9 billion since 2000. PepsiCo's new plant in Rojana Industrial Park received investment promotion privileges from the Thailand Board of Investment. Its Rayong plant is the first beverage production facility in Thailand.
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Rolls-Royce promotes Thailand as a significant aerospace manufacturing base
Rolls-Royce is making its success in Thailand known by stating that the country's solid infrastructure and industrial foundation for the aerospace industry, with numerous airports and valuable skilled labor, warrant continued investment in the future. Thailand has the largest Rolls-Royce supply-chain footprint of any country in Southeast Asia.
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Mitsubishi makes Thailand its largest production base in the world
Mitsubishi will spend $162 million on three car assembly plant upgrades, making it the company's the largest vehicle production base in the world. Expansions are in place to meet rising domestic and international demand for the Mitsubishi Mirage model, and to assist existing plants with maintenance and equipment replacement.
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Engineering firm SNC-Lavalin names Thailand as hub
SNC-Lavalin named Thailand as its regional site for power plants fueled by natural gas, coal and combined cycles. The firm plans to double personnel at the Thai business unit to serve expanding local demand, and plans for engineering contract awards are around 5,400 megawatts.
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GMS expansion leads to the biggest investment in Thailand's history
Thailand Prime Minister Yingluck Shinawatra recently announced the country's biggest investment in its history. The government plans to invest $90 billion to develop infrastructure in response to economic expansion of the Greater Mekong Subregion (GMS). The GMS includes Cambodia, Laos, Myanmar, Thailand, and Vietnam and covers more than 1 million square miles, with a combined population of 326 million.
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Prime Minister promotes business ties between Thailand and the U.S
While visiting for the UN General Assembly, Thailand Prime Minister Yingluck Shinawatra discussed the country's robust economic policy and its focus on boosting domestic consumption through FDI and infrastructure investment in high speed railway links projects and flood control systems. She also highlighted the expanding role of the Asian Economic Community's $2 trillion GDP on Thailand's future.
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Thailand BOI welcomes new Secretary General
The Thailand Board of Investment recently appointed Mr. Udom Wongviwatchai as the new Secretary General. Wongviwatchai previously held multiple positions at the Ministry of Industry in the Office of Industrial Economics.
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Did you know?
Bangkok is the only port in Southeast Asia that can accommodate ocean-going vessels through its inland waterways.
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"Thailand provided a very friendly import/export environment so that Ducommun could easily move merchandise and capital, and the BOI provided a business friendly interface for us to import raw materials, machinery and components from all over the world. The location of Thailand and sophisticated logistics network allows us to move finished product to our customers rapidly."
-Andy Wu,
General Manager of Ducommun Thailand
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Thailand Board of Investment
The Thailand Board of Investment (BOI) is the inward investment promotion agency for Thailand that assists foreign investors in identifying business opportunities, providing tax incentives and privileges, and supporting foreign companies seeking to expand into the Asian market. Our services are free of charge and customized to help your clients succeed in Thailand.
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Contact Us:
Supisara Chomparn, Director
Thailand BOI
61 Broadway, Suite 2810
New York, NY 10006 USA
Tel: (212) 422-9009
supisara@boi.go.th
nyc@boi.go.th
Visit Our Website
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