InfoQuest, (September 22, 2019) -- Ms. Duangjai Asawachintachit, Secretary-General of the Board of Investment of Thailand (BOI), revealed that Prayut Chan-o-cha, Prime Minister and Minister of Defense of Thailand, presided over the BOI meeting, at which four large-scale investment promotion projects with a total investment of over 28.27 billion baht were approved and adopted, which is expected to help improve Thailand's competitiveness, and develop target industries through high technology.
1. Ms. Nasiphat Jiralanwit is the legal person of a polycarbonate resin manufacturing business. Her project has a total investment of 18.476 billion baht. The project is a joint venture between Thailand, Japan and China's Taiwan, located in the Asian Industrial Zone of Rayong. The project mainly produces polycarbonate, a transparent, rigid, tough and heat-resistant plastic that can be used as raw materials for construction industry, automobile and electronic products. The project plans to use domestic raw materials worth more than 9.5 billion baht a year, and 49 percent of the products will be exported.
2. The Data Center business of Technology Assets Co., Ltd. has a total investment of 4.45 billion baht. The project is a joint venture between Thailand and Singapore. It is located in Bangkok and provides data center services, including co-location services, system management services and standby workspace services in emergencies.
3. The monosodium glutamate production business of Ajinomoto (Thailand) Co., Ltd. mainly uses the microorganism in fermentor (Crystallizing Fermentation) to produce monosodium glutamate. The technology is a kind of modern biological technology. The total investment is 2.75 billion baht. It is a joint venture between Thailand and Japan and 54 percent of the products produced are exported.The company will also work with RUN to develop biotechnology.
4. Mr. Jiang Yong Ming is the legal representative of the metal powder injection molding business. The project will use modern Thai production processes as well as new technology to produce Advanced Material. The project, with a total investment of 2.594 billion baht, is a wholly Chinese owned project located in WHA Eastern Seaboard Industrial Estate 2 in Chon Buri. The parent company of Mr. Jiang Yong Ming's company in Thailand is the largest manufacturer of tungsten metal powder and wolfram carbide powder in China, which currently has production bases in Japan, China's Taiwan and Germany.
Source: InfoQuest, byTanit Tongnok/Nisarat/Rachada, translated by Xinhua Silk Road
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