Tuesday, March 29, 2011

THE NATION: Watch out for Indonesia, warns industrialist

Thailand's automotive industry is likely to face fierce competition from Indonesia once domestic production there reaches a certain level, but foreign investment will keep pouring into Thailand, given policy stability and continuity, according to automotive industrialists.

Thanathorn Juangroongruangkit, executive vice president of Thai Summit Group, the country's leading auto-parts manufacturer, said yesterday that it was possible for Indonesia to become the biggest automotive manufacturing base in Southeast Asia before the end of 2019.

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