Saturday, February 22, 2020

Frasers signs deal with Chinese firm Midea to create home appliance and intelligent tech production hub

Jan 24. 2020
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By The Nation

Frasers Property (Thailand) Pcl (FPT) has completed a sale and purchase agreement for 130 rai of land in Chonburi province with Midea Refrigeration Equipment (Thailand), a subsidiary of Midea Group which is a leading global home appliances provider based in China. 

The land in the Eastern Economic Corridor will be developed into not only Midea Group’s largest home appliance manufacturing hub in Thailand outside of China, but also Midea Group’s largest intelligent technology manufacturing hub outside of China. 

The land is located in close proximity to existing high value industrial clusters, deep sea port and FPT’s logistics parks. 

FPT currently has a landbank of over 300 rai located adjacent to this land plot, and said it further plans to develop additional industrial and logistics spaces to support upcoming demand from this relocation into this cluster area.

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