Friday, August 6, 2010

American Chronicle: Germans keen to invest in Thailand: Chemical, auto-parts makers making plans


Alexander Becker, executive assistant to the president of Continental's chassis and safety division, said the company plans to step up its presence in Thailand through new investment to build a new automotive parts plant. Its first engine plant in Thailand started in 2009.
Continental wants to double its revenue in Thailand from 30 million euros at present to 60 million in 2015 partly through seeking closer access to Japanese customers such as Toyota and Honda to gain more market share.
"Despite a (political) crisis over recent months, Thailand has shown a very good rate of economic growth and growing vehicle sales," said Dr Becker. "The eco-car programme is a very good strategy for developing the auto industry."