Japanese automakers remain positive about Thailand

Published on March 27, 2012 by TFP   ·   No Comments

BANGKOK, 27 March 2012 – The Thai Automotive Industry Association (TAIA) has confirmed that Japanese car producers are still keen on investing and expanding their businesses in Thailand.

TAIA President Mrs. Piengjai Kaewsuwan said Japanese investors have regained their confidence in Thailand after Prime Minister Yingluck Shinawatra’s recent visit to Japan. Despite some doubts about the flood prevention plan, Japanese automakers have reportedly been considering increasing their investments in the Kingdom.

Meanwhile, Mrs. Piengjai said the Thai auto industry will likely see a significant growth this year as 2 million cars are expected to be produced to compensate for the production shortfalls last year by 35,000 cars.

She also reaffirmed that Japanese car companies are not shifting their production bases to Indonesia but are only expanding into new markets. The President assured that Thailand still remains an important car production base in the ASEAN region, saying more auto part factories are expected to be opened soon in the country.



Readers Comments (0)

Comments are closed.