Mazda Motor will dissolve its tie-up in passenger-vehicle production with Ford Motor, taking over the US carmaker’s assembly lines at their sole jointly run facility, located in Thailand.
The two automakers currently each own production lines with a potential annual output of 50,000 vehicles at the Auto Alliance Thailand plant, in which each holds a 50-per-cent stake. By taking over Ford’s production lines, the Japanese carmaker intends to double its annual output capacity at the facility to 100,000 vehicles by 2018, churning out such vehicles as the compact Mazda 2.
The move is the latest in a series of steps to wind down a partnership that had once positioned the pair to develop operations jointly on a global scale. They agreed this spring to end a joint venture in the United States.
Tong Hua gets money back
Solution Corner (1998) will immediately return to Tong Hua Communications its investment in the firm, said SLC chief executive officer Arak Ratboriharn, who holds a 99.99-per-cent stake in Spring News Television. TH’s cancellation of a joint investment in the new Springnews digital channel will have no impact on either the TV station of the parent company, SLC says.
After returning the investment, SLC still has sufficient cash to operate its group of companies, it says. SLC will seek its board’s approval for the TH reimbursement on Friday.
BJC inks Brazil deals
BJC Heavy Industries has signed eight contracts for modularisation/floating production storage and offloading used in the oil and gas industry in Brazil.
The eight contracts have a total value of US$39.48 million (Bt1.25 billion). They include design and engineering work, managing director Young Jun Lee reported to the Stock Exchange of Thailand yesterday.
Scoot to Don Mueang
Scoot, Singapore Airlines’ long-haul budget carrier, will shift its operations from Suvarnabhumi Airport to Don Mueang International Airport from September 1.
The move to the older airport, located nearer to the Bangkok city centre, will benefit its customers, Scoot said yesterday.
People who fly with Scoot will also have easy access to more than 21 domestic destinations from Don Mueang, as part of a partnership with the Thai low-cost carrier Nok Air.