IN BRIEF
Hexagon AB sets up Thai subsidiary
The giant measurement-technology group Hexagon AB has acquired technology assets from Thaimach Sales and Service Co Ltd, Hexagon Metrology's largest distributor of coordinate-measuring machines in Thailand.
A new company, Hexagon Measurement Technologies Thailand, based in Bangkok, will be established on September 1. "Hexagon Metrology's sales of metrology products in Thailand amount to about US$3 million (Bt114 million). Our new subsidiary will continue to develop Hexagon's operations positively in this fast-growing market," said Hexagon president and chief executive Ola Rollen. Hexagon Measurement Technologies Thailand will contribute to the earnings of the Hexagon group from its start of operations. - The Nation.
New Civic is Honda's best-seller Honda Automobile (Thailand) Co Ltd, Thailand's second-largest manufacturer and exporter of passenger cars, announced yesterday its new Honda Civic had become the company's best-selling model, based on first-half sales this year. The Civic, launched last November, currently leads the compact-car segment with a 41.8-per-cent share. In the first six months of this year, 14,350 new Honda Civics were delivered to customers. Trailing behind Honda in the segment was Toyota Altis with 10,542 units sold (30.5-per-cent share); Chevrolet Optra, 2,089 units (6 per cent); Nissan Sunny, 1,911 units (5.5 per cent); and Mazda, 3, 1,896 units (5.4 per cent). - The Nation.
Asahi glass to slash production Asahi Glass Co is to cut its output of glass for use in cathode-ray tubes (CRTs) by 35 per cent this month, because of lower sales, falling prices and higher fuel and material costs. The tubes are used in television sets. The move will result in an extraordinary loss of about 10 billion yen (Bt3.3 billion) in the April-June quarter of the current business year. Asahi Glass will end all production of CRT glass at two group firms, in Indonesia and Taiwan, and shut down four furnaces elsewhere. The measures will cut by half the company's peak output reached in 2004. CRT glass components will continue to be made in Singapore, Thailand, China and South Korea, but the company warned that further restructuring measures might be carried out. Asahi Glass has already terminated production of CRT glass in Japan and the US. - The Daily Yomiuri/ANN.
|
