Monday, February 6, 2012

Continental Automotive hikes capacity ahead of AEC

Continental Automotive (Thailand), local unit of the German maker of injectors and pumps for the auto industry, has allocated Bt600 million for investment this year.

The company is increasing capacity as part of a plan to strengthen production ahead of implementation of the Asean Economic Community (AEC) in 2015.

Managing director Thomas Chambers said that despite the severe flooding last year, the country remained an important regional manufacturing base for the company. Continental has a factory at Amata City Industrial Estate in Rayong province, as well as plants in Malaysia and the Philippines.