Consumer products group Berli Jucker (BJC) says its majority shareholder, TCC Holding, has given it the option to take over cash-and-carry retailer Metro Vietnam, subject to approval from previously reluctant minority investors.
TCC Holding, which owns nearly 74 per cent of BCJ, agreed in April to step in to buy the Vietnamese unit of German retailer Metro after BJC’s retail shareholders rejected a proposed deal for Metro Vietnam over concerns about financial risks.
BJC chief executive officer Aswin Techajaraoenvikul told investors during an earnings presentation yesterday that his company, which already runs trading, packaging and retail businesses in Vietnam, planned to use the country as a base to expand into Laos and Cambodia. (Reuters)
Channel numbers to be rearranged
The National Broadcasting and Telecommunications Commission (NBTC) yesterday voted 6-4 to order all cable and satellite television operators to rearrange their channel numbering so that terrestrial-based digital channels range from 1 to 36.
The order will come into effect within 60 days after the NBTC’s approval.
All cable/satellite TV providers must reserve channels 1 to 12 for public-service digital stations and 13 to 36 for the 24 commercial digital stations.
If they fail to follow this rule, they will face a minimum fine of Bt100,000 plus a daily fine of Bt50,000.
With this single standard across all TV platforms, audiences will be able to recognise channel numbers easily while digital TV broadcasters will be able to promote their brands via a single number, the NBTC argues.
Dana opens advanced gear-making plant here
US-based Dana Holding Corp on Tuesday opened the Dana Spicer Thailand Gear Plant, established to support the light-vehicle market in Thailand and the Asia-Pacific.
The state-of-the-art gear manufacturing facility in Rayong has created 100 new jobs and provides customers with access to Dana’s global manufacturing resources and technical expertise at a local level, supporting increased customer demand for Spicer gears in the region.
The 6,450-square-metre facility represents Dana’s third facility in Rayong and increases the total size of the company’s footprint on its Rayong campus to nearly 22,000 square metres. The facility optimises Dana’s Asia-Pacific gear-making supply chain as customers continue to grow in the region and request new technologies to support their expansion goals with locally produced solutions, customised for specific market needs, the company said.
“Dana’s investment in Thailand is expanding our gear development and manufacturing capabilities to deliver technologies to our customers more quickly and cost effectively,” said Bob Pyle, president of Dana Light Vehicle Driveline Technologies.
“This new capacity will enable us to support Thailand’s domestic and export markets and better equip the company for increasing customer demand in the Asia-Pacific region,” he added.
For more than 20 years, Dana has supported major automakers in Thailand – including Ford, Mazda, Nissan and Suzuki – with the production of axles, gears and driveshafts.