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Visteon Electronics, a business unit of Visteon Corporation, has launched a production facility for automobile electronics in Rayong.

Visteon Automotive Electronics (Thailand) supplies instrument clusters, audio products and multifunction displays to Ford, Mazda, Nissan and Honda, including electronic clusters for motorcycles. 

The 4,700-square-metre site, with provisions for future expansion, on the Hemaraj Industrial Estate consolidates Visteon Electronics’ manufacturing in Thailand and employs about 190 people.

“The new Rayong facility is a key contributor to Visteon Electronics’ continued expansion and growth with vehicle manufacturers in Southeast Asia,” Steve Meszaros, president of Visteon Electronics, said yesterday. “Visteon has extensive local capability in the region, which is one of the world’s fastest growing automotive markets.”

The plant incorporates a Class 100 clean room with conductive floors, an injection moulding shop, a durability test lab and a metrology lab, among other facilities.

The Rayong facility strengthens Visteon Electronics’ footprint in Southeast Asia, which includes plants in Jakarta and in Chennai, India, and engineering, software, design and development centres in Chennai and Pune, India. 

Initially established in 1998 as a combined interiors and electronics facility, Visteon Automotive Electronics (Thailand) claims to be well positioned to support the rapid growth in cockpit electronics content in both passenger vehicles and two-wheelers in the region.

Visteon Electronics is a leading supplier of automotive cockpit electronics. 

Supported by a global network of 16 manufacturing facilities, four technical centres and 11 customer centres, Visteon Electronics employs some 5,000 people in its consolidated operations.

 

Ratchthani offers Bt3 bn debentures

Ratchthani Leasing is offering one tranche of non-subordinated unsecured debentures worth not more than Bt3 billion rated “BBB+” by TRIS Rating.

Thanachart Bank is the lead arranger and Nomura and KT Zmico Securities are co-underwriters.

The four-year debentures carry a coupon rate of 4.80 per cent with interest to be paid every three months.

Bookings starting at Bt100,000 will be taken from October 21-24, managing director Kovit Rongwattanasophon said yesterday.

The company expects a good reception from investors seeking a fixed return on investment with a few years of maturity. 

Ratchthani Leasing is a company under Thanachart Group. Thanachart Bank has a 65.2-per-cent equity holding. Ratchthani Leasing has registered capital of Bt1.6 billion. Its revenue last year rose by 41.2 per cent to Bt1.58 billion and net profit by 138.8 per cent to Bt489 million. 

Its operating results for the first six months of this year continued to improve with total revenue up 58.4 per cent to Bt1.10 billion and net profit up 128.6 per cent to Bt397 million over the same period last year.