Wednesday, January 9, 2013

Honda, 10 other companies get post-flood financial support

Via the NATION:

Honda Automobile (Thailand) is one of 11 companies that have won financial support from the government's post-flood investment rehabilitation fund.

Honda, which shut down its manufacturing plant in Ayutthaya for six months, won Bt2.5 billion in support for its engine-manufacturing project with capacity of 440,000 units a year. At the site, Honda churns out 240,000 vehicles per annum.

According to Industry Minister Prasert Boonchaisuk, the sub-committee tasked with rehabilitation investment has approved 32 flood-rehabilitation projects in Ayutthaya and Pathum Thani worth Bt27.96 billion. It has also approved financial support to seven new investment projects worth Bt3.5 billion.

The financial support has covered only one relocation of a manufacturing plant: that of TAC Consumer, which is investing Bt6.85 million to produce 2,250 tonnes of feed meal per annum.

The other beneficiaries are: Imasen Manufacturing (Thailand), which will maintain its factory in Ayutthaya to manufacture parts and accessories for car seats at a cost of Bt420.2 billion, and with capacity to produce about 12.9 million units per year; Dionys Hofmann (Thailand), which will invest Bt27.8 million in rehabilitating its factory for manufacturing wheel-balancing equipment in Ayutthaya with annual capacity to produce 25 million units per year; AAPICO Hitech Tooling, which will rehabilitate its molding and parts factory in Ayutthaya at a cost of Bt209.3 million, and to have annual capacity of about 550 million tonnes; Honda Automobile (Thailand), which will maintain its factory for plastic automobile parts in Ayutthaya, at a cost of Bt202.6 million with capacity of 444,000 units per year; AAPICO Hitech Parts, which will invest Bt199.6 million in maintaining its factory for auto-pump parts and hard-disk drives in Ayutthaya with annual capacity of 80 million pieces; Tohoku Pioneer (Thailand), which will invest Bt60 million to maintain its molding and parts factory in Ayutthaya with 6,100 units in annual capacity; and Summit Auto Body Industry which will maintain its metal door and window frame factory in Ayutthaya at a cost of Bt27.6 million and with annual capacity of about 600,000 sets.