ID :
135927
Tue, 08/03/2010 - 09:10
Auther :
Shortlink :
http://m.oananews.org//node/135927
The shortlink copeid
General Motors plans ten-fold production rise in Thailand
BANGKOK, Aug 3 – United States-based General Motors has expressed keen interest in investing more in Thailand, according to Industry Minister Chaiwuthi Bannawat.
Speaking after meeting top executives of General Motors Southeast Asia Operations and General Motors (Thailand), he said the executives of both companies informed him that they planned to increase purchase orders for raw materials in the current production line in Thailand to US$1 billion from $100 million.
The move could contribute to improved investment sentiments in Thailand overall, he said, adding that he was told that GM and many other US investors are ready to invest more in the country.
During his recent visit to Germany, Mr Chaiwuthi said, six entrepreneurs in the vehicle, machinery, and chemical industries were attentive to investing more in Thailand. In particular, BMW-AG wants to invest in producing electric vehicles and motorcycle parts development.
He allowed that some investors inquired about investment suspensions in the Map Ta Phut Industrial Estate, but he told them that the Thai government was attempting to cope with the problem and that is expected the investment suspensions will end soon, which could benefit the industrial sector as a whole, said the minister. (MCOT online news)
Speaking after meeting top executives of General Motors Southeast Asia Operations and General Motors (Thailand), he said the executives of both companies informed him that they planned to increase purchase orders for raw materials in the current production line in Thailand to US$1 billion from $100 million.
The move could contribute to improved investment sentiments in Thailand overall, he said, adding that he was told that GM and many other US investors are ready to invest more in the country.
During his recent visit to Germany, Mr Chaiwuthi said, six entrepreneurs in the vehicle, machinery, and chemical industries were attentive to investing more in Thailand. In particular, BMW-AG wants to invest in producing electric vehicles and motorcycle parts development.
He allowed that some investors inquired about investment suspensions in the Map Ta Phut Industrial Estate, but he told them that the Thai government was attempting to cope with the problem and that is expected the investment suspensions will end soon, which could benefit the industrial sector as a whole, said the minister. (MCOT online news)
