Sunday, October 20, 2019

Incentives given to major production, data facilities

Sep 20. 2019
 BOI secretary-general Duangjai Asawachintachit
BOI secretary-general Duangjai Asawachintachit
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By THE NATION

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The Board of Investment (BOI) on Friday (September 20) approved incentives for four large projects together worth over Bt28 billion.

The aim is to boost Thai competitiveness in targeted advanced-technology industries, BOI secretary-general Duangjai Asawachintachit said after a board meeting chaired by Prime Minister Prayut Chan-o-cha.

Nasipat Jira-olanwit was granted investment-promotion incentives for a polycarbonate resin factory worth Bt18.48 billion.

The Thai-Japanese-Taiwanese joint venture, based at Asia Industrial Estate in Rayong, will produce the tough, high-heat resistant and transparent thermoplastics for use in construction, automaking and electronics.

The plant will annually use more than Bt9.5 billion worth of local materials and export 49 per cent of its output.

Technology Asset Co Ltd was granted incentives for a data centre worth Bt4.45 billion.

The Thai- Singaporean joint venture in Bangkok will provide data services including storage for computer server, system maintenance and contingency workspace.

Ajinomoto Co (Thailand) Ltd was granted incentives for a biotechnological-produced monosodium glutamate plant worth Bt2.75 billion.

The Thai-Japanese joint venture will export 54 per cent of its output and work with the Research University Network to develop biotechnology curricula and run research and development.

Jiang Yong Ming was granted incentives to produce advanced material-sintered metal parts utilising a manufacturing process and modern technology new to Thailand.

The Bt2.59-billion factory wholly owned by Chinese investors will be located at WHA Eastern Seaboard Industrial Estate 2 in Chonburi.

The parent company is the largest producer of tungsten metal powder and tungsten carbide powder in China, with manufacturing bases in Japan, Taiwan and Germany.

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