Thailand’s listed vehicle body assembler and component manufacturer, Thai Rung Union Car, said it would delay construction of a third plant in the country due to the weak domestic market outlook.
The company’s managing director, Sompong Phaoenchoke, said the anticipated decline in domestic sales this year makes it “unnecessary” to expand production capacity at the moment. Overall vehicle production is expected to be flat at 2.45m units this year, he added.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company in March announced a THB500m expansion, including a new plant with paintshop facilities and additional machinery, with a view to raising revenues by 15% in 2013.
