Thairung eyeing 35% growth
With the Thai automobile market expected to grow, Thairung Union Car is hoping to achieve above-industry growth of 35 per cent, according to managing director Sompong Pa-oenchoke.
"We expect a higher profit than the average industry level, thanks to the completion of our new auto parts factory in Rayong; production has commenced since the second quarter of this year," he said.
According to Sompong, the new plant will increase the group's income by Bt600 million per year (when it runs at full capacity). It has won Board of Investment (BoI) privileges.
Meanwhile, Thairung is also expanding investment worth Bt400 million is many areas. They include:
_ Purchasing additional machinery for increased production of metal and plastic parts in answer to increased customer orders.
_ Purchasing new machinery for moulds and clamps in order to raise production and advance to high-level technology.
This project, worth Bt205 million with BOI privileges, will help increase orders for auto parts.
_ Plans to build a new paint shop for in-house and customer orders including auto manufacturers, industrial machinery and agriculture machinery, all of which are seeing high growth trends.