Thailand BOI approves 4 large projects worth over 28 billion baht Thailand BOI has approved investment ncentives for four projects which will boost Thailands competitiveness in the targeted advanced technology industries.

Stocks and Financial Services Press Releases Friday September 20, 2019 15:03
Bangkok--20 Sep--124 Communications Consulting

Ms Duangjai Asawachintachit, Secretary General of Thailand Board of Investment (BOI), said after a board meeting chaired by Prime Minister General Prayut Chan-ocha that the board approved four large-scale projects worth 28.27 billion baht in targeted industries that utilize advanced technology, as per the following details:

1. Ms. Nasipat Jira-olanwit was granted investment promotion incentives for a polycarbonate resin production project worth 18.48 billion baht. The Thai-Japanese-Taiwanese joint venture, located at Asia Industrial Estate in Rayong province, will produce polycarbonate, a type of hard, tough, high-heat resistant and transparent thermoplastics to be used in the construction, automobile and electronics industries. The project will utilize annually more than 9.5 billion baht worth of local materials and export 49% of its output.

2. Technology Asset Co., Ltd. was granted investment promotion incentives for a data center project worth 4.45 billion baht. The Thai- Singaporean joint venture, located in Bangkok, will provide data center services including storage for computer server, system maintenance and contingency workspace.

3. Ajinomoto Co., (Thailand) Ltd. was granted investment promotion incentives for a biotechnological produced monosodium glutamate project worth 2.75 billion baht. The project, a Thai-Japanese joint venture, will export 54% of its output. The company will work in cooperation with the Research University Network (RUN) to develop biotechnology curriculums as well as research and development activities by both parties.

4. Mr. Jiang Yong Ming was granted investment promotion incentives for a project to produce advanced material-sintered metal parts utilizing a manufacturing process and modern technology which are new in Thailand. The 2.59 billion project, wholly owned by Chinese investors, will be located at WHA Eastern Seaboard Industrial Estate 2 in Chonburi province. The parent company of Mr. Jiang Yong Ming's project is the largest producer of tungsten metal powder and tungsten carbide powder in China, with manufacturing bases in Japan, Taiwan and Germany.

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