ID :
124539
Thu, 05/27/2010 - 08:55
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http://m.oananews.org//node/124539
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FTI to raise vehicle production target upon export surge
BANGKOK, May 27 (TNA) – The Federation of Thai Industries (FTI) is set to increase its vehicle production target to 1.45 million units following a surge in exports and production.
FTI chairman Payungsak Chartsuthipol said the Automobile Industry Club would revise the vehicle production target in 2010 since the vehicle export and production had risen dramatically in the first four months of this year.
He said all carmakers were advised to reassess their production capacities because it is expected the auto industry would grow significantly with total capacity reaching 1.6 million units unless the global economy stumbles and the debt crisis in Greece spills over.
Surapong Paisitpattanapong, spokesman of the FTI Automobile Industry Club, said FTI would further raise the vehicle production target for this year by 30,000-50,000 units to 1.43-1.45 million units.
Vehicle exports are also expected to climb as the shipment in the first four months of this year reached 273,824 units, up 63.51 per cent from the same period last year.
Simultaneously, vehicle exports to ASEAN expanded 26 per cent from 20 per cent following the effective implementation of the ASEAN Free Trade Area Agreement. Also, vehicle exports to Europe grew 8 per cent from 6 per cent. (TNA)
FTI chairman Payungsak Chartsuthipol said the Automobile Industry Club would revise the vehicle production target in 2010 since the vehicle export and production had risen dramatically in the first four months of this year.
He said all carmakers were advised to reassess their production capacities because it is expected the auto industry would grow significantly with total capacity reaching 1.6 million units unless the global economy stumbles and the debt crisis in Greece spills over.
Surapong Paisitpattanapong, spokesman of the FTI Automobile Industry Club, said FTI would further raise the vehicle production target for this year by 30,000-50,000 units to 1.43-1.45 million units.
Vehicle exports are also expected to climb as the shipment in the first four months of this year reached 273,824 units, up 63.51 per cent from the same period last year.
Simultaneously, vehicle exports to ASEAN expanded 26 per cent from 20 per cent following the effective implementation of the ASEAN Free Trade Area Agreement. Also, vehicle exports to Europe grew 8 per cent from 6 per cent. (TNA)
