Toshiba's Thai unit to cash in on infrastructure investment in SEA
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Toshiba Corporation has strengthened its operations in Southeast Asia, to cash in on the expected investment of US$1.6 trillion in infrastructure projects during 2010-2020.
Toshiba Asia Pacific (Thailand) was established this month to be be responsible for enhancing Toshiba Group's presence and capabilities across comprehensive range of social infrastructure businesses in Southeast Asia. With Bt6 million in capital, the company will promote operation in Thailand, Laos and Cambodia's social infrastructure sectors and promote Toshiba's participation in major industrial projects.
Social infrastructure business includes power generation, transmission and distribution, transportation, motor and inverter systems, and smart community business.
In a statement, the Japanese company said that social infrastructure in the region is expected to expand significantly in coming years, spurred by economic and population growth and modernisation. Governments in the region are expected to channel over US$ 1.6 trillion into infrastructure projects from 2010 to 2020, in areas that include energy, such as the construction of power plants and transmission and distribution systems; transportation networks, such as road and railways; and the promotion of smart community projects. High economic growth rates, dynamic population growth and demand for systems and equipment are expected to spur continuous growth in the social infrastructure sector.
"Toshiba Asia Pacific (Thailand) will be positioned as the regional centre for promoting the wide range of Toshiba's social infrastructure business" commented Hiroyuki Sawada, president of Toshiba Asia Pacific Thailand.
“By being close to the region, we are positioned meet fast growing demand from our customers across the broad range of Toshiba's social infrastructure business, including thermal power, hydro power and transmission and distribution, in Thailand, Laos and Cambodia. The new company and an enhanced presence will allow Toshiba to take part in large projects, including smart community projects integrating smart grids and other advanced technologies that draw on the capabilities of plural Toshiba Group companies."
