LATE NEWS
Cequent invests in Chon Buri
Cequent, a subsidiary of US corporation TriMas, has expanded its global operations by opening a new US$2.5-million (Bt88.15 billion) manufacturing and product-development plant in the Amata Nakorn Industrial Estate in Chon Buri province.
"The new facility will serve as a strategic base, allowing us to efficiently expand our product distribution throughout the Asia-Pacific region while pursuing lower-cost, lean manufacturing opportunities," said president Ed Schwartz. Cequent is a well-established manufacturer of original equipment for automakers like GM, Toyota, Ford, Honda, Mitsubishi and Nissan. "Original equipment accessories are fitted in the country of origin prior to the export of vehicles," Schwartz said. "The most effective way to capture that market is to be in Thailand and to be affiliated with manufacturers." - The Nation.
SUVs exported PT Toyota Motor Manufacturing Indonesia has begun exporting Fortuner SUVs to some Middle Eastern countries and is expanding the market for its Avanza minibuses into Asia, Africa and the Middle East. It took over the production and supply of Toyota Fortuners for the Middle East from Toyota Motor Thailand. - The Nation.
Deal for Plaza Unit holders of CPN Retail Growth Property Fund (CPNRF) have approved the acquisition of Central Plaza Pinklao and a proposal to raise up to Bt7.17 billion. Central Plaza Pinklao is owned by Central Pattana (CPN), which also runs the property fund. The capital will be raised through the issue of new units in CPNRF to fund investment in new malls. The property fund will have the chance to acquire or invest in more CPN properties. - The Nation.
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