Monday, May 20, 2013

SAIC Motor-CP Joint Venture Agrees to Lease Ready-Built Factories in Hemaraj Eastern Seaboard Industrial Estate


SAIC Motor-CP Co., Ltd., an automotive industry joint venture founded by China-based automaker SAIC Motor Corporation and Thailand’s CP Group, has reached an agreement with Hemaraj Land And Development Plc. over the leasing of ready-built factories, representing a total area of 17,280 square meters, in Hemaraj Eastern Seaboard Industrial Estate. SAIC Motor-CP is planning to develop a production facility that will initially be capable of building 50,000 vehicles annually under the SAIC-owned MG English brand for Thailand and international markets.

Shown in photo: Mr. David Nardone (5th from left) , President & CEO of Hemaraj Land And Development Plc. exchanges contract with Mr. Nopadol Chiaravanont, (5th from right) Director of SAIC Motor-CP Co., Ltd. while Mr. Wu Huan, (4th from right) President of SAIC Motor-CP Co., Ltd., Mr. Sawasdi Horrungruang (center), Director of Hemaraj Land And Development Plc., Mr. Vivat Jiratikarnsakul, (4th from left) Hemaraj’s Executive Vice President and management of both companies look on.