Denso International Asia is to invest THB3.2bn (US$102.4m) to expand its parts plant in Chon Buri to meet increasing demand in the automotive sector.
According to a report in Nation Multimedia, Denso International Asia’s chief executive, Shigehiro Nishimura, said the expanded plant would manufacture existing and new products. The company intends to continue to utilise its Thai base as an export hub.
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Thavorn Chalassathien, senior vice president of Denso Thailand, said the government’s tax break for first-time car buyers and high demand after last year’s floods have resulted in growth in the auto parts industry in the country.
Author: Glenn Brooks
