Japanese suppliers in Thailand (1): enhancement of production capacity
F-tech, Keihin, Clarion, G-TEKT, TS TECH, Toyota Boshoku, Piolax
This is the first of two-part series of MarkLines' reports summarizing the establishment of new plants, enhancement of production capacity in Thailand by Japanese suppliers (for the period of ten months through the beginning of December 2013). From January to November 2013, 2.23 million vehicles were produced in Thailand (up 2.9% year-over-year (y/y)). The growth rate slowed down from 68.3％ y/y in 2012, but the total production volume is sure to post a new record-high in 2013. The growth rate slowed down due to the negative impact of the termination of the government's incentives.
Amid this environment, Japanese OEMs including Toyota, Honda, Nissan, and Suzuki, have started operations of new plants and have been enhancing production capacity at their existing plants from 2013 through 2015. Following these OEMs, Japanese suppliers have continued their aggressive investments in Thailand.
Japanese suppliers Related Reports:
Thailand (2) （Jan. 2014),
ASEAN (Nov. 2013), Russia and Eastern Europe (Oct. 2013), India (Sep. 2013),
Northern/Northeastern/Southwestern China (Aug. 2013),
Southern and Central China (Aug. 2013), Eastern China (Jul. 2013),
the US (Jul. 2013), Mexico and Brazil (Jun. 2013), Thailand (Apr. 2013)