Businesses crank up plans for factories amid policy support

Of that number, 529 applications are for operations in the region under the proposed Eastern Economic Corridor (EEC), with investment of Bt143 billion. 
Mongkol Pruekwattana, director-general of Department of Industrial Works, said that for November the applications for new industrial operations and expansion covered 390 factories.
Some 350 factories of these are for new operations with investment of Bt21.15 billion, and 40 factories are expanding at an investment value of Bt4.06 billion.
For the first 11 months of last year, applications covering 4,732 factories were submitted, with Bt416 billion in investment value. 
The value of total investment for the same period is 14.01 per cent higher. 

Helpful environment 

The top three industrial groups include for newly founded operations are the food industry, metal products and non-metal products. The top three groups for those expanding their operations are the food industry, metal products and plastic products.
This month, applications for new and expanded operations are expected to reach 400.
Mongkol said the helpful environment from the government’s supportive policies, especially in the EEC, was behind the increase in the number of applications for the EEC region.
From January to November, this number reached 529 factories, with Bt143 billion in total investment value, in the EEC’s three provinces.
In Chachoengsao, the applications covered 117 factories worth Bt34.8 billion in investment; in Chon Buri, there were 271 factories with Bt19.7 billion in investment; in Rayong the applications covered 141 factories with Bt89.4 billion in investment value. The top three industrial groups for applications were for metal products , vehicles and equipment, and plastics.