Eureka Design banks on boost to automation
Eureka Design (UREKA), which is listed on the Market for Alternative Investment, in the second half of this year will focus more on wooing industrial companies, which have mulled to adopt automation systems to enhance their operation, according to its chief executive officer Narakorn Ratchapolsitte.
The move is to cash in on the government’s continued efforts to promote the uptake of the automation and robotics sectors in Thailand. The company’s current main business is to design and manufacture machinery for the automotive sector. One of its subsidiaries is Eureka Automation, which designs and manufactures automation machinery for all industries.
Late last month, the Cabinet approved making funds available to develop the country’s automation and robotics industries in an effort to draw investments of up to Bt200 billion within five years under the Thailand 4.0 technology vision.
Under the approved development measures, demand for automation and robotics systems will be stimulated through planned investment, promotional privileges and tax incentives for companies in the manufacturing and service industries that adopt robots and automation systems to boost efficiency. If all these measures come into effective, they are expected to encourage industrial companies to invest in automation and related systems. That in turn would benefit automation system manufacturers such as Eureka.
Narakorn said that he expects many Thai industrial companies would enthusiastically study plans to embrace automation systems. However, whether they will actually move ahead to purchase the systems depends on economic conditions and details in the official announcements of new incentive measures made by related state agencies.
Narakorn said that Eureka had still maintained its revenue proportion this year at 65 per cent from designing and manufacturing machinery for several industries, 20 per cent from design automation systems, three per cent from design and production logistic automation systems, and 12 per cent from energy conservation business.
