Floods hit electronic industry hard
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The export value of the electronic industry in 2011 is expected to drop by 3.81 per cent from US$33.046 billion last year to $31.788 billion due to severe flood impacts, according to the Electrical and Electronics Institute.
Somboon Hotrakool, director of the Electrical and Electronics Institute, said that the electronic component production in October this year plunged by 51.25 per cent if compared with the same month of last year.
Output was quite stable early this year and increased in the middle of this year. However, the output dropped drastically in the third quarter of this year and continued in the final quarter.
The industrial estates that were inundated are the main manufactruing sites for hard-disk drive and integrated circuit (IC) production, accounting for 40 per cent of total production output.
