TCC Land Asset World sets up Tarad Tor Yod AEC Trade Center to drive Thai SMEs to global stage

business March 27, 2017

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TCC Land Asset World invests six billion baht to launch Thailand

TCC Land Asset World Co., Ltd. has realized the strong potential of manufacturers and operators in Thailand and the ASEAN countries. The company has therefore established a subsidiary Tor Yod Market AEC Co., Ltd. to develop and operate the Tarad Tor Yod AEC Trade Center project. The project aspires to emerge as AEC Trade Center and Thailand’s first fully-integrated central market, which will bring together products and services from manufacturers and operators across Thailand, as well as those imported from neighboring ASEAN nations to serve the needs of producers, exporters, wholesalers, online business operators and corporate customers. It also aims to create a network of sellers, buyers, logistics and financial service providers, and will be operated under the B2B model and one-stop-service concept.

Soammaphat Trisorat, CEO of TCC Land Asset World Co., Ltd., revealed that the first Tarad Tor Yod AEC Trade Center covers an area of 160 rai in Bang Pa-In district of Ayutthaya province, with a total selling space of 300,000 sq. m. and investment value of six billion baht. It will serve as the country’s first trade center for a complete range of industrial products and the sourcing hub of the country. 

“So far, the Center has made 25 percent progress of construction and 20 percent of rental space has been reserved by factory operators, manufacturers, service providers and wholesalers. A minimum rental space of 20 sq. m. will be charged at a rate of 10,000 baht per month, which is equivalent to 500-1,000 baht per square meter. We expect the Center will launch commercial services in the first quarter of 2018. It consists of 10 buildings to serve industries such as garments, fashion and jewelry, food, packaging, construction materials, car accessories, mechanical tools, electronics, plus an exhibition center. Moreover, we plan to construct another building on a 6-rai plot of land to serve as the center for in-trend IT and technology products,” the CEO of TCC Land Asset World said.

The project has received solid support from both the government and private sectors, such as the Ministry of Industry’s Department of Industrial Promotion, Ministry of Commerce’s Department of Foreign Trade and several private banks. There are also many more prospective partners including science-related organizations, trade associations, leading airlines, tourism operators and private banks. This will help elevate the potential of Thai SMEs and attract investment to strengthen the Thai economy.

“Recently, we signed an agreement with the Ministry of Industry and the Ministry of Commerce who will lend support in the promotion of product quality, marketing, distribution channels, packaging and product standardization to the participating operators of the project in order to help them with the expansion of export markets. In addition, we bring in a team of experienced e-commerce developers to install the sellers’ rating system to boost buyers’ confidence and introduce the omni channel marketing model, which effectively combines online and offline platforms of sales and marketing promotion. All of these will be in response to the government’s Thailand 4.0 policy and satisfy the trend of the new generation who wish to be entrepreneurs and prefer to have their own businesses.

“We feel confident this project will enable operators to generate higher sales volume and profit per unit. They can determine their product prices independently and have the opportunity to showcase their products. If their buyers want to re-order their products, they can place orders online conveniently through our well-designed platform. We are now negotiating with a number of wholesale partners including the wholesale network from China to drive forward the center to truly become the trade center of both Thailand and ASEAN,” Soammaphat explained.

            Soammaphat added that the company plans to expand the Tarad Tor Yod AEC Trade Center project into eight locations in Thailand in the next five years, which requires a total investment of around 40 billion baht. Potential locations, for example, are Chiang Mai, in which the Center is scheduled to commence construction in 2019, Chon Buri, Udon Thani, Mae Sot district of Tak province and Cha-am district of Petchburi province. All these are regarded as gateways to ASEAN and centers for ASEAN trade. It is expected that by 2025, the project will cover all regions in Thailand under the concept of “Growing Together Growing Farther with the Business Model of the Future.” please contact the sales office at 035-909-888.