Mitsubishi Motors To Invest Seven Billion Baht In Its Thailand Facility
Mitsubishi Motors To Invest Seven Billion Baht In Its Thailand Facility
Mitsubishi Motors Corporation (MMC) will be investing ¥25 billion (7.08 billion baht) in its Laem Chabang production facility to enhance its car production efficiency and maintain the facility as its largest manufacturing center outside of Japan.
This is following the announcement that the company has passed the milestone of exporting four million vehicles from Thailand and has obtained the Board of Investment privileges for plug-in HEV investment applications worth 3.1 billion baht in March.
“Of the total budget, ¥12 billion is allocated to improve the car paint factory in Laem Chabang, where Mitsubishi has yet to upgrade the production efficiency for over 20 years. The remaining Y13 billion will go towards modernisation of the production lines, including incorporation of robots to raise efficiency and lower costs,” said Osamu Masuko, chairman of MMC.
“This improvement is meant to raise efficiency, ability and productivity at MMC’s manufacturing facility in Thailand to make vehicles for the global market,” he continued.
Mitsubishi will be assembling its plug-in hybrid cars in the Laem Chabang plant, the first in Southeast Asia. This is aligned with the goal to produce eco-friendly vehicles and the company aims to sell 3,000 plug-in hybrid cars in 2020.
Thailand continues to be an important hub in Mitsubishi Motors’ global operations and the company will continue to strengthen its operations as a key player in the ASEAN region.
Read more:
Kennametal Unveils Restructuring Plans, Plant Closures
Sandvik President And CEO Bjorn Rosengren To Resign, Join ABB
Sandvik Acquires Stake In Additive Manufacturing Service Provider Beam IT
WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!
FOLLOW US ON: LinkedIn, Facebook, Twitter
