The Thailand Board of Investment (BOI) has approved investment incentives for five projects with a total investment of value of over USD 1.3 billion.
The projects include:
1. A W (Thailand) Co., Ltd., was granted investment promotion incentives for its automatic transmission production project worth around USD 230 million. Located in Chonburi Province, this project will produce and supply automatic transmissions to both local and overseas carmakers.
2. General Rubber (Thailand) Co., Ltd. was granted investment promotion incentives for its vehicle tires production project worth USD 305 million. Located in Rayong Province, this project will boost local rubber consumption in support of the government’s policy as it will use approximately 35,398 tons per year of natural rubber.
3. Mr. Xunning Ju was granted investment promotion incentives for a vehicle tire production project worth over USD 315 million. Located in Chonburi Province, this project will increase local rubber consumption in support of the government’s policy as it will use approximately 23,838 tons per year of natural rubber.
4. Flying Officer Ronnachai Wongcha-um was granted investment promotion incentives for an aircraft heavy maintenance and repair center, a joint venture between Thai Airways International Plc and a global aircraft manufacturer. The USD 200 million project will be located at the Eastern Airport City (EEC-A) in Rayong Province. The project will enhance the country’s competitive advantages, especially in terms of new aircraft maintenance. It will also provide local aviation technicians with an opportunity to enhance their skills to comply with international standards.
5. Thai Lion Mentari Co., Ltd. was granted investment promotion incentives for its air transportation project with a total investment value of around USD 220 million. The low-cost airline will operate domestic and international services, which will support Thailand’s aviation and tourism industries.
(Source: Thailand Board of Investment)
