7 A man observes the Laem Chabang deep-sea port in Chon Buri s Sri Racha district, which is part of the EEC development project. (Photo: Pattarapong Chatpattarasill)
The government remains committed to the Eastern Economic Corridor (EEC), firmly believing investment value in the corridor will reach at least 300 billion baht this year as expected.
According to Kanit Sangsubhan, secretary-general to the EEC Office, private investment is increasing this year, driven by global economic recovery and rising global trade. Actual investment was pretty low last year as investors were hesitant because of Covid-19 outbreaks, said Mr Kanit. Investors are now expected to ramp up investments this year.
EV battery pact signed
published : 24 Apr 2021 at 04:00
6 Nicole Wu, chief executive at Evlomo, seated left, and Chai Vinichbutr, vice-president of Rojana Industrial Park, seated right, at the signing ceremony.
Evlomo Inc, a Florida-based company working on electric vehicles (EVs), has teamed up with Rojana Industrial Park Plc to invest US$1.06 billion (33.3 billion baht) in a 8-gigawatt battery energy storage construction project in Nong Yai district in Chon Buri.
The joint venture is 55% held by the SET-listed industrial park operator and 45% by the US firm.
The project is expected to create 3,000 jobs, bringing high technology for electric mobility to Thailand and upgrading Nong Yai to become a manufacturing hub of EVs in Asean.
IEAT plan for Chon Buri to forge ahead
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published : 8 Jan 2021 at 07:43
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The new coronavirus outbreak, which has spread to 56 provinces in less than a month, is threatening to affect short-term investment in Thailand as it is sapping business confidence, says the Industrial Estate Authority of Thailand (IEAT).
Yet the IEAT remains firm on its plans to develop a new industrial area in the red zone province of Chon Buri.
As daily infection rates remain volatile, including newly-found cases in factories, this has lead the state to impose travel restrictions and order some businesses to shut, so Thai industry is beginning to undergo subsequent impact amid these developments.