Kia mulls building its first ASEAN production facility in Thailand September 07, 2023 South Korea's Kia Corp plans to build a factory in Thailand with an annual capacity to produce 250,000 vehicles, said a Reuters report in Channel News Asia, citing an unnamed source in a Korean newspaper. The company could sign an investment agreement with the Thai government this year
Thai PM Srettha to take finance portfolio amid tepid economic growth September 06, 2023 Thailand's new Prime Minister, Srettha Thavisin, was named finance minister in a Cabinet which see his Pheu Thai party, backed by the Shinawatra family, will oversee defense, transport, commerce, health, and foreign ministry portfolios, said a Reuters report in Channel News Asia.
"We recognize that the current direction of the government’s policy to invest more in upgrading the country’s infrastructure and logistics system, will position Thailand as a gateway connecting ASEAN markets. Caterpillar chose to invest in Thailand as it foresaw long-term competitiveness in the region. "
Mr. Philip Lowe Pennington Thailand Country Manager, Caterpillar
"Moreover, Thailand’s location at the heart of Asia is a big plus, especially for efficient logistics. Thai Summit also praises the incentives granted by the Board of Investment as very helpful to automotive investors."
Dr. Somporn Jungrungreangkit President, Thai Summit Group
"As part of our mission to continue growing our presence within Thailand, Nissan is focused on ensuring customer happiness, safety, and satisfaction. Our customers remain at the heart of everything we do."
Mr. Antoine Barthes President, Nissan Motor (Thailand)
"The food industry in Thailand is thriving and Cargill is delighted to be a part of it. With Thailand's great natural resources, creative people and strong workforce, Thailand is an ideal place to be in the food business"
Mr. Bruce Blakeman Vice President - Corporate Affairs, Cargill Asia Pacific
"At the top of the list would be the incentives granted by the BOI to companies that choose to set up regional headquarters here. Location is certainly also a big reason, as Thailand is the center of Asia"
Mr. Bunchob Ongtanasin Vice President, Toyota Boshoku Asia
"Since ours is a niche business, it was important for us to be able to concentrate without the difficulties of partnering. That’s why the ability to invest in Thailand as a wholly foreign-owned company was attractive to us. Also, the land here is free-hold, rather than leasehold as in some of the other countries"
Mr. Giacomo Sozzi CEO, Canadoil Group
"Thailand is in close proximity to Singapore, where we have a major manufacturing presence. This makes it convenient and efficient for our suppliers to be located in Thailand, where they have further reach into the regional supply chain ecosystem"
Mr. Hugh Vanijprabha Managing Diretor, Rolls-Royce Thailand
"The BOI has been an incredible help for the progress of Michelin over the past years, from giving us advice to the very attractive incentive programs. The BOI has provided a friendly environment, and this helps Thailand to be competitive against other countries in the region."
Mr. Jean Dominique Senard Managing Partner, Michelin Group
"We are optimistic about Thailand. Through the different political cycles, there has always been continuity in support of the auto industry here. That is part of why we are confident in making this investment in the country’s future"
Mr. Joe Hinrichs Group Vice President, Ford Motor Company
"The decision to locate Triumph Aviation Services – Asia in Thailand was due in large measure to the incentives and investment services offered by the BOI as well as to the blue ocean opportunities he identifiedexisting in the Kingdom"
Mr. John Brasch President, Triumph Group's Asia Pacific Aftermarket Services
"Thailand has been a great home for Western Digital for over a decade. Our outlook here remains the same"
Mr. John Coyne President and CEO, Western Digital
"The country’s strategic export location at the heart of Southeast Asia and the benefits offered by the Thai government were seen as major advantages. It’s also United States-friendly here"
Mr. Kevin Watkins General Manager, Piper Plastics (Thailand)
"In Thailand, we operate in an environment that’s very good for business. Not only are we able to grow here, but we are also well-placed to provide services for the rest of Southeast Asia."
Mr. Matthias Malina Aciting President, Triumph Aviation Services Asia
"Cargill is working to nourish the world in a safe, responsible and sustainable manner. We have been in business for more than 153 years and have a history of working with partners to navigate our complex food system from field to table. We specialize in moving food from where there is a surplus to where there is a deficit. That means we are investing all along the food supply chain, all over the world."
Mr. Peter Van Deursen CEO, Cargill Asia Pacific
"MJN sees Thailand as an excellent operating base for many reasons. These include the country’s welcoming culture, competitive costs and ease of doing business, strong investment environment, good infrastructure and strategic business location"
Mr. Stephen Golsby President and CEO, Mead Johnson Nutrition